TKMS AG & Co. KGaA (TKMS), a provider of maritime defense solutions including conventional submarines, naval ships and innovative electronics solutions, and Spanish company Navantia S.A., SME (Navantia), one of Europe’s market leaders in the design, construction and through life support of naval ships and submarines as well as combat systems integrator, have signed a Memorandum of Understanding to explore strategic cooperation on naval projects in Europe, NATO and worldwide. The agreement foresees potential production of TKMS designs, particularly submarines, at Navantia’s shipyards in Spain.
Geopolitical developments in recent years have significantly increased demand for modern naval products. At the same time, there are considerable bottlenecks in shipyard capacity and technological resources across Europe. Against this backdrop, TKMS and Navantia intend to explore how closer industrial cooperation can help implement projects more efficiently, quickly, and cost-effectively. The parties have agreed to initiate management level discussions based on mutual trust and in full compliance with all competition and export control regulations.
Oliver Burkhard, CEO of TKMS, says: “The signing of this Memorandum of Understanding is an important signal for European maritime defense. At a time when our customers’ security requirements are growing and manufacturing capacity is limited, it is crucial that European industrial companies collaborate more closely. TKMS and Navantia jointly have the expertise, infrastructure, and experience to overcome these shared challenges and strengthen the ability to deliver to our partner nations’ armed forces.”
Volkmar Dinstuhl, Chairman of the Supervisory Board of TKMS adds: “TKMS has been a global market leader in non-nuclear submarines for decades. We share Navantia’s commitment to the highest quality standards and the clear goal of delivering quickly and reliably to our customers. This Memorandum of Understanding enables us to leverage synergies between our shipyard capacities and to act together as strong European partners.”
Miguel López, Deputy Chairman of the Supervisory Board of TKMS and CEO of thyssenkrupp AG explains: “As the majority shareholder of TKMS, thyssenkrupp AG bears responsibility for the strategic direction of one of Europe’s leading naval companies. Our task is to enable TKMS to meet the growing international demand for modern naval systems. A partnership with Navantia is a promising approach to achieving this.”
Ricardo Domínguez, Navantia Executive Chairman, states: “Today we are taking a significant step towards our shared goal of strengthening Europe’s strategic autonomy and sovereignty in defence. This collaboration will deliver cutting‑edge capabilities to our armed forces while leveraging the full potential of European defence investment. As leading players in the naval and defence domain, Navantia and TKMS are committed to actively contributing to this common European effort.”
Gonzalo Mateo-Guerrero, Navantia Chief Operating Officer, adds: “European defence companies share a responsibility to respond decisively to today’s challenges. Europe needs an industry capable of providing not only state‑of‑the‑art technologies, but also ensuring fast, reliable delivery and long‑term sustainment, while strengthening the European industrial ecosystem and supporting its SMEs.”
Disclaimer: All news articles are sourced through valid sources, and Business Unlimited (BU) doesn’t have any exclusive rights on these pieces. If BU features any exclusive story or article, it will be marked as Exclusive Story.
