Buoyed by orders, German submarine builder TKMS to expand shipyards

NAMPA / DPA
2024-12-19
Kiel, Germany (dpa) - German submarine builder thyssenkrupp Marine Systems (TKMS) is planning to invest millions in its shipyard in the north-eastern German city of Wismar in anticipation of major orders from the German and Norwegian navies. "We are currently expecting a very low three-digit million amount, which we actually need to upgrade the site for submarine construction," company boss Oliver Burkhard told dpa. The expanded joint German-Nor......
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