Norway’s $2B Submarine Deal Sends TKMS Stock Soaring by 3.6%
Norway’s latest order adds two more submarines to TKMS’s workload, bringing its total production backlog to six units. This follows Germany’s earlier purchase of six submarines, ensuring the company now has 12 vessels in production. The announcement on Friday sent TKMS shares climbing to €68.65.
With rising demand for non-nuclear submarines, TKMS continues to expand its order book. The Norwegian deal has already lifted its stock, while the potential Canadian contract could further solidify its market leadership. The company’s upcoming MDAX listing is expected to attract even greater investor interest.
