1 source · first reported 15h ago
TKMS has raised its full-year outlook after being selected as the preferred supplier for Canada's planned fleet of up to 12 submarines. The company's nine-month sales increased by 19%, with a significant boost in submarine profits. This deal could be the largest single order in TKMS' history, with a potential value of €20.1 billion.
The selection of TKMS for Canada's submarine program highlights the company's growing presence in the global naval industry and underscores the significance of major defense contracts in driving revenue growth.
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