Thyssenkrupp Marine Systems
Thyssenkrupp Marine Systems News
$4.3B of Guarantees for German Shipbuilder to Secure Sub Deal
Germany's budget committee is expected to approve state guarantees worth up to $4.27 billion to help Thyssenkrupp Marine Systems (TKMS) win an order from Argentina for three submarines, two sources in the budget committee said on Wednesday.Several media outlets have reported that a French shipbuilder is also been in the running for the order, worth some 2.2 billion euros, which has not yet been made.The guarantees would cover the construction and delivery of three Type 209 submarines…
$5B India Submarine Deal Clears Hurdle
German shipbuilder ThyssenKrupp and its Indian partner have cleared field trials for building six advanced conventional submarines for the Indian Navy, according to an exchange filing, emerging as the sole contender for the $5 billion project.Their potential rival, Spanish state-held shipbuilder Navantia, which partnered with India's Larsen & Toubro (L&T), could not meet the navy's requirements in trials held in 2024 for testing key technologies…
Fincantieri Open to Collaboration with Thyssenkrupp Marine Arm
Fincantieri is open to all types of collaboration with the warship division of conglomerate Thyssenkrupp, but it is up to Germany to decide on a strategy for the unit, the CEO of the Italian shipbuilder said this week."Now is time for German institutions to understand what the best strategy is to give more value and strengthen (Thyssenkrupp Marine Systems).
Naval Group Submarine Win Contested by Thyssenkrupp
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…
Union Calls for Thyssenkrupp Mull Defense Division Sale
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
Thyssenkrupp in Talks About Possible Warship Unit Merger
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…
TMS to Use 3D Printers for Submarines
German industrial conglomerate Thyssenkrupp Marine Systems (TMS) plans to use 3D printers increasingly in manufacturing submarine parts. This offers decisive advantages…
Thyssenkrupp Wins 3D Printing Approval
The international accredited registrar and classification society DNV GL has awarded thyssenkrupp, German multinational conglomerate, first additive manufacturing…
ThyssenKrupp Expands EU Logistics Network
German industrial group thyssenkrupp AG. Materials Services is investing around 70 million euros in the modernization and expansion of its European warehousing…
Kiel Builds First New Corvette for Israel
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…
Singapore's Submarine Baptized in Kiel
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…
ThyssenKrupp Develops New Lithium-Ion Batteries for Submarines
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…
