Thyssenkrupp Marine Systems News

Germany's IG Metall union on Tuesday said it had preliminary talks with Carlyle on the investment firm taking a majority stake in Thyssenkrupp Marine Systems and agreed to push for an agreement as quickly as possible.In a newsletter seen by Reuters, the union however insisted that a stake sale to private equity investors could only happen if the state stepped in as well to secure the conglomerate's naval shipbuilding activities.The economy ministry was not immediately available for comment."A first round of negotiations in a small group is scheduled for the beginning of May…

Thyssenkrupp appealed against a decision by the Netherlands last month to award a contract worth billions of euros to build submarines to France's Naval Group, the German company said.Thyssenkrupp Marine Systems (TKMS), the German conglomerate's defence division, filed the objection with the District Court in The Hague in late March, the company said in an e-mailed statement."This measure is a professional business procedure in such publicly tendered major projects and part of the competition - especially in light of the questions that remain unanswered regarding specific evaluation criteria…

The German government is considering taking a minority stake in Thyssenkrupp's warship division Thyssenkrupp Marine Systems (TKMS), German Defence Minister Boris Pistorius said during a visit to Kiel on Tuesday.The consideration process would take until the end of the year, Pistorius said, according to a defense ministry spokesperson.Thyssenkrupp is looking for a standalone future for TKMS, which builds submarines and frigates, and has mentioned a listing, partial sale, merger or joint venture as possibilities to reach its goal.Last week, a leading worker representative told Reuters that Berli

Thyssenkrupp should explore a sale of its warship division to peers, in addition to private equity players and a potential stock market listing, according to influential German labor union IG Metall.Leaders should "keep an eye on industrial investors", IG Metall said in a union handout seen by Reuters, adding that while the union remained open for a full or partial sale of the business, options should also include keeping the division.Thyssenkrupp is currently exploring options for Thyssenkrupp Marine Systems (TKMS), which builds submarines and frigates, with scenarios ranging from a possible

Germany's second-largest defense group Thyssenkrupp Marine Systems (TKMS) wants to play a leading role in consolidating the German and European shipyard industry, its new Chief Executive Officer told German newspaper Welt am Sonntag."If the road to a European giant is still too difficult, a German champion could be formed first," Oliver Burkhard was quoted by the newspaper as saying.Burkhard said a merger, for example, could be formed with smaller German rivals Luerssen and German…

Kongsberg Maritime's active sonar suite and bottom navigation technology has been selected for installation on Type 212CD class submarines for both the Norwegian and German navies.The contract was awarded through a comparative and thorough process governed by Kongsberg Thyssen Atlas JV (kta naval systems) and tkMS (thyssenKrupp marine systems) with another vendor(s).The Kongsberg technology package consists of SA9510S MKII Mine Avoidance and Navigation Sonars (MANS) plus a Bottom Navigation System (BNS) containing EM2040 MIL multibeam echo sounders and an EA640 echo sounder suite.

Flensburger Schiffbau-Gesellschaft (FSG) has a new Head of Engineering as of March 1, 2021, when Volker Hesse takes over the job. Hesse (47) is a mechanical engineer who began his career around 20 years ago at Blohm & Voss shipyard in Hamburg. Since then, he has held various positions in project management up to and including Head of Product Management at thyssenkrupp Marine Systems’ surface vessel unit. Since 2018, Hesse has been involved in the development and orientation of a consulting company as co-founder and managing partner.

Italy's Fincantieri will sign as prime contractor a contract worth 1.35 billion euros ($1.64 billion) for the construction of two new-generation submarines for the Italian Navy, the shipbuilder said on Friday.The contract, signed together with OCCAR (the international organization for joint armament cooperation) includes an option for the construction of two additional units, a statement said.The project is part of the new U212NFS (Near Future Submarine) acquisition program of the Italian Navy…

Thyssenkrupp and Germany's largest union IG Metall on Thursday called for further consolidation of the country's warship sector, saying a tie-up of rivals Luerssen and German Naval Yards (GNYK) did not go far enough.Late on Wednesday, Luerssen and GNYK announced they would combine their defense divisions to create a national champion, a move that has backing from the German government.Thyssenkrupp had also sought to participate in the consolidation and board member Oliver Burkhard…

Thyssenkrupp is exploring several strategic options for its warship unit, ranging from combining it with Italy’s Fincantieri to creating a national champion with German peers, a person familiar with the matter said.The talks are aimed at creating economies of scale for the division, Thyssenkrupp Marine Systems (TKMS), which builds submarines and surface ships and operates in a highly fragmented sector driven by political decisions, the source said.As part of the deliberations…

Thyssenkrupp is in informal talks about consolidation in the shipbuilding sector, its finance chief said on Tuesday, responding to speculation that the group might sell parts of its Marine Systems (TKMS) unit or merge it with rivals German Naval Yards and Luerssen.Klaus Keysberg told analysts that Thyssenkrupp Marine Systems was always open to talks, but declined to provide further information about the state of the discussions.(Reporting by Christoph Steitz Editing by Michelle Martin)

German conglomerate Thyssenkrupp is in talks about possibly merging its subsidiary ThyssenKrupp Marine Systems (TKMS) with a domestic rival to create a national champion.The Thyssenkrupp board member in charge of the marine systems unit, Oliver Burkhard, tweeted earlier that the company was in talks as an alliance could make sense in the current European market environment, with the creation of a national champion one possible outcome.The tweet followed a report by public sector…

A consortium formed by Germany’s Thyssenkrupp AG and Brazilian planemaker Embraer SA signed a deal on Thursday to deliver four frigates to Brazil’s navy between 2025 and 2028, the companies said in a statement.The contract signed in Rio de Janeiro is part of Brazil’s drive to modernize its navy so it can patrol off-shore resources in the Atlantic, such as Brazil’s vast pre-salt oil reserves.The companies did not disclose the price tag. The Brazilian navy website said the four-ship program will cost about $2 billion.Last year…

German industrial conglomerate Thyssenkrupp Marine Systems (TMS) plans to use 3D printers increasingly in manufacturing submarine parts. This offers decisive advantages over conventionally produced components.The corresponding quality and safety approvals have already been granted. Through acquisition of the thyssenkrupp TechCenter Additive Manufacturing (in Mülheim an der Ruhr, North Rhein-Westphalia), the required technology and expertise will now come to the Kiel Fjord. It is planned to complete the transition by June 2020.Dr. Luis Alejandro Orellano, COO of thyssenkrupp Marine Systems said: "3D printing opens up completely new potentials for us. In the design engineering, we no longer have to consider the limits of conventional manufacturing processes everywhere.

Thyssenkrupp plans to invest 250 million euros ($279 million) at its unit that builds submarines and warships, the German industrial conglomerate said on Monday.The investment at Thyssenkrupp Marine Systems (TKMS) will be made by 2023, the group said, pointing to good order intake at the moment. TKMS will also hire 500 new employees by the end of next year, it said."Our ambition is to be Europe's most modern naval company. By making major investments, we are preparing our operations for the future…

The international accredited registrar and classification society DNV GL has awarded thyssenkrupp, German multinational conglomerate, first additive manufacturing  approval of manufacturer certificateThe shipping industry is looking to take advantage of additive manufacturing (AM), also known as 3D printing, to print spare parts, thereby reducing lead times, costs, stock requirements, and environmental impacts. Certification ensures that AM part users can have the same confidence in an additive manufactured product as a conventionally produced one.The newly issued certificate makes the thyssenkrupp TechCenter Additive Manufacturing the world’s first producer of 3D printed parts for maritime applications to obtain manufacturer approval from DNV GL.

The launching of the new corvette “Ins Magen” in Kiel marks an important step in the ongoing program of Thyssenkrupp Marine Systems as general contractor to build four next-generation SA’AR-6 class missile vessels for the Israeli Navy.The ship was named by Mrs. Eti Sharvit, wife of Vice Admiral Eli Sharvit, Chief of the Israeli Navy, in presence of high-level representatives from the Israeli Government and Navy as well as high-ranking German Navy officials.Dr. Rolf Wirtz, CEO of thyssenkrupp Marine Systems: "We are very proud to be contributing to Israel's security. The corvettes are the most advanced and most sizeable vessels that ever served in the Israeli Navy.

ThyssenKrupp Marine Systems (TKMS) has launched at the Kiel shipyard the the largest ever built in Germany submarine. Named Invincible, the submarine will be part of the ongoing submarine program in the Republic of Singapore.Prof. Ivy Ng, wife of Dr. Ng Eng Hen, Minister for Defense of the Republic of Singapore, named the boat in the presence of high-level representatives from the Singapore government and Navy, as well as high-ranking German officials.In addition to representatives from Thyssenkrupp, there were also representatives from suppliers in attendance for the ceremony. After construction and outfitting is completed, Invincible will undergo intensive testing before being handed over in 2021.Dr.

ATLAS ELEKTRONIK subsidiary Hagenuk Marinekommunikation (HMK) has been commissioned by the “ARGE K130 2nd Batch” consortium to supply integrated communication systems for units 6 to 10 of the Type K130 corvettes for the German Navy.The scope of supply includes radios of the complete telecommunications spectrum from 10 kHz to 20 GHz, which enable information to be exchanged with other ships, boats or shore stations via special input devices in the form of voice and data radio. These intelligent communication systems offer users the greatest possible support in their tasks and thus make a significant contribution to the reliable operation of ships and their crews.

Thyssenkrupp Marine Systems and German Naval Yards Kiel (GNYK) have teamed up in the ongoing bidding process for a contract worth several billions of euros to build a new multipurpose warship for Germany, Thyssenkrupp said.The company, responding to a Reuters query, said that GNYK is participating as general contractor in the auction and that Thyssenkrupp Marine Systems would act as subcontractor if their bid is successful.RedaktionsNetzwerk Deutschland (RND), a group representing German newspapers, first reported that both shipbuilders had joined forces.The tender is for Germany's new MKS 180 warship, which is one of the German military's largest armament initiatives and designed to combat targets in the air…

The providers of naval vessels, surface ships and submarines ThyssenKrupp Marine Systems of Germany has developed a new type of lithium-ion battery system for submarines together with Saft, a manufacturer of advanced battery systems for industry.In an adapted form, the system could also be used for other maritime applications in future.Dr. Rolf Wirtz, CEO of thyssenkrupp Marine Systems said: "The use of the new battery technology has enormous tactical advantages. We are entering a new era of submarine construction."Compared to the known lead-acid battery, maintenance is negligible, and the lifetime is much higher. The new batteries depend…

German manufacturer thyssenkrupp has been awarded a 410 Crore contract with Mazagon Docks Shipbuilders Limited (MDL) to refit the Indian Navy’s Shishumar-class non-nuclear submarine, INS Shishumar. The Medium Refit and Life Certification (MRLC) contract for the submarine will commence in October this year and is expected to be completed by 2021. The upgrade will extend the operational life of the submarine by at least 10 years.Dr. Rolf Wirtz, CEO of thyssenkrupp Marine Systems…

German conglomerate Thyssenkrupp is examining a full or partial exit from its naval vessels business, which is part of the group's Marine Systems unit, a person familiar with the matter said.The news was first reported by German newspaper Handelsblatt, which said the company was in talks with competitors that could result in a complete or partial sale of the activities, adding they would be wound down if no agreement would be reached.The paper said the group was also mulling an exit from its submarine business.Thyssenkrupp said it generally does not comment on market speculation.Thyssenkrupp M