Unprecedented Success: Olli Burkhard, TKMS CEO, Announces Record-Breaking Order Backlog in Submarine Construction
TKMS shipyard reaches all-time high in order volumes - Acclaimed submarine manufacturer, TKMS, sets new order records.
Olli Burkhard, the CEO of Thyssenkrupp Marine Systems (TKMS), shares the company's stellar success in the first half of 2024/25. With an unprecedented order backlog currently at an astounding €18 billion, TKMS is set to dominate the submarine construction sector for years to come. The impressive figure is down to recent orders, including those from Singapore and Germany.
Singapore's Six for Good Luck
In May, Singapore added two more 70-meter-long submarines to their order, with TKMS set to build these in the Wismar shipyard, where the first units for Singapore were crafted. This move brings Singapore's total number of TKMS submarines to six. Theships will be of the Type 218SG variety, following the commission of the "Invincible", "Impeccable", "Illustrious", and "Inimitable" submarines.
More German Naval Muscle
TKMS also landed a sizeable order in December 2024 for the construction of four additional Type 212CD submarines for the German Navy. The order agreed upon amounts to €4.7 billion alone. Norwegian authorities have also expressed interest in increasing their submarine fleet, a promising development for TKMS.
A Canadian Caper?
The shipyard is vying for a potential submarine order from Canada as well, taking TKMS' ambitions global.
Efficiency and Innovation at the Forefront
Despite the huge surge in workload, TKMS facilities in Germany are equipped to handle the increased demand without significant expansion. TKMS remains committed to utilizing the most sophisticated technologies, including advanced air-independent propulsion systems and augmented reality, to ensure optimal submarine construction.
Thyssenkrupp Marine Systems: A Global Leader
TKMS is one of the leading players in the marine industry, with over 8,000 employees at shipyards in Kiel, Wismar, and Itajai (Brazil), as well as numerous other locations worldwide. With their sights set on continued success, TKMS is poised to further solidify their position as a market leader.
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- The success of Thyssenkrupp Marine Systems (TKMS) in the first half of 2024/25 has attracted interest from various industries, with orders from the aerospace and finance sectors potentially in the pipeline.
- Employment opportunities continue to increase at TKMS, with their vision for growth in the business sector extending beyond the marine industry, with over 8,000 employees currently working in shipyards in Kiel, Wismar, and Itajai (Brazil), and numerous other locations worldwide.
