Submarine maker TKMS hits record $22 billion order backlog, raises sales outlook
Yahoo Finance·2026-02-11 06:02
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Feb 11 (Reuters) - German submarine maker TKMS reported a $22 billion order backlog - a new record - and raised its 2026 sales outlook on Wednesday, citing a boost in demand for warships at a time of rising geopolitical tensions. Like many of its peers, TKMS has been riding a surge in investor demand for shares in defence companies triggered by the war in Ukraine as well as U.S. pressure on Europe to step up its military capabilities. T ...