Thyssenkrupp Marine Systems News

German naval conglomerate Thyssenkrupp and Italian shipbuilder Fincantieri have signed an Industrial Cooperation Agreement as part of a broader strategic partnership to provide the Philippine’s Navy with advanced submarine capabilities solutions.As part of the Horizon III military modernization initiative, the Philippine Navy aims to enhance its archipelagic defense by acquiring cutting-edge weapon systems. In particular, the introduction of submarines would be a game-changer in securing territorial waters…

At the Undersea Defence Technology conference, thyssenkrupp Marine Systems and Ulstein Verft signed a Letter of Intent for joint efforts to deliver the next advanced frigates to the Royal Norwegian Navy.The 2024 Fleet Plan outlines that Norway will acquire five or six frigates to replace the Fridtjof Nansen-class frigates. Potential candidates include the British Type 26, the German F127, the American Constellation-class, and the French FDI.In the event of a contract award for thyssenkrupp Marine Systems and Ulstein Verft…

German naval conglomerate Thyssenkrupp and Finland-based consulting and engineering company Elomatic have signed a design and engineering contract to support the development of a new Polarstern ship, bound to become the largest and most advanced research and polar logistics icebreaker.The ship will be built at the large and modern shipyard of tkMS in Wismar. The shipyard has a remarkable track record in developing complex icebreaking ships, with more than 120 ships built for polar regions.In December 2024…

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…

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).

German shipbuilder Luerssen and defence group Rheinmetall RHMG.DE could emerge as potential suitors for the warship division of conglomerate Thyssenkrupp TKAG.DE, two people familiar with the matter said.It comes a day after news that private equity firm CarlyleCG.O had dropped out of the process for Thyssenkrupp Marine Systems (TKMS), in what was a blow to Thyssenkrupp's ongoing restructuring and had weighed on shares.Rheinmetall and Luerssen declined comment.Thyssenkrupp referred to comments made on Tuesday, when it said it would intensify efforts to find a standalone solution for TKMS, incl

Private equity firm Carlyle has dropped out of a bidding process for the warship division of stricken conglomerate Thyssenkrupp, the German company said on Tuesday.Carlyle's withdrawal as a suitor for Thyssenkrupp Marine Systems (TKMS) is a major blow to Thyssenkrupp's restructuring, which also includes plans for a 50:50 steel joint venture with Czech billionaire Daniel Kretinsky."We can confirm that the investment company Carlyle Group has informed us that it is withdrawing from the bidding process for the investment in Thyssenkrupp's marine division," Thyssenkrupp said in a response to email

Singapore commissioned two new advanced submarines on Tuesday, vessels its navy says are meant to protect sea lines of communication, and which experts said would range beyond the waters of the tiny city-state to keep tabs on the region.The country's fifth and sixth submarines, the Invincible and the Impeccable, were ordered from Germany's ThyssenKrupp Marine Systems in 2013 in a 1-billion-euro deal, and join older Archer- and Challenger-class boats.They represent a technological step forward for Singapore's fleet…

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…