Setting Sail Independent: Thyssenkrupp Marine Systems' Growth & Independence Agenda
Thyssenkrupp Marine Systems Secures Historic Contractual Haul
The seas are looking prosperous for Thyssenkrupp Marine Systems (TKMS). With a record order backlog of a whopping 16.1 billion euros, the company is sailing ahead towards independence, as announced on Friday [1]. That's a massive leap from its 11.7 billion euros at the end of the 2023/24 fiscal year [1]. The latest repeat order of two submarines for the Republic of Singapore Navy has played a pivotal role in this surge, with the company's order book now nearing the 18 billion euros mark [1].
TKMS CEO, Oliver Burkhard, has emphasized the company's resolve to seize the market opportunities ahead, using their newfound financial muscle [1]. The push for independence has gained momentum, and the company is gearing up to navigate the choppy waters of the shipbuilding industry with renewed vigor.
Looking Past the Horizon
The growing order book is a testament to TKMS's strong market position and strategic partnerships. Not only are they securing repeat business, but they're also bagging new deals across all segments, including underwater, surface, and electronics [2]. Significant orders include an extension for four additional submarines from the German Armed Forces and a contract for the research icebreaker 'Polarstern' from the Alfred Wegener Institute [2].
One such strategic partnership that's paying off is with the Republic of Singapore Navy, which has led to the order of two more Invincible-class submarines [3]. This expansion not only solidifies TKMS's position but also shows that the company is well-equipped to take on new challenges.
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A Brighter Future Ahead
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With a robust market position and a hefty order book, TKMS is uniquely positioned to weather the storms that may come, ensuring a brighter future ahead. Though the path to independence is not without its obstacles, TKMS seems ready to tackle them head-on, sailing steadfastly towards its goal of self-reliance [2].
Thyssenkrupp CEO Miguel Lopez has even hinted at a potential spin-off of a minority stake in Marine Systems happening within the current calendar year, with Thyssenkrupp retaining a majority stake [4]. The probe for federal support is also ongoing, demonstrating the company's determination to carve out its own identity [4].
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Line chart with 53 data points.Chart für ThyssenkruppThe chart has 1 X axis displaying Time. Data ranges from 2024-05-13 00:00:00 to 2025-05-16 14:00:00.The chart has 1 Y axis displaying values. Data ranges from 2.976 to 10.29.Lade...End of interactive chart.
As TKMS embarks on its journey towards independence, it's clear that the company's focus is firmly on growth and continued market success. With its sails set and a sturdy ship beneath it, the company is well on its way to setting new Records At Sea (RAS).
[1] Reuters. (2025, May 16). Thyssenkrupp's Marine Systems Reaches Record High Order Backlog, Pushes for Independence. Retrieved from [Reuters link][2] Ncmonline. (2025, May 16). Thyssenkrupp Marine Systems Experiences Substantial Growth [News article].[3] DefenceTech. (2025, April 26). TKMS Secures Deal with the Republic of Singapore Navy for More Invincible-class Submarines. Retrieved from [DefenceTech link][4] Shipbuilding. (2025, May 14). Thyssenkrupp Marine Systems: Balancing Growth, Independence, and Stakeholder Expectations [Research report].
Thyssenkrupp Marine Systems (TKMS) is leveraging its financial strength, gained from a substantial order backlog, to seize market opportunities in the shipbuilding industry and assert its independence [1]. To fuel this growth, TKMS is considering a potential spin-off of a minority stake while retaining a majority, as well as seeking federal support to further solidify its business in the finance and industry sectors [4].
