German submarine maker TKMS reaches record 22 billion dollar order backlog and raises sales outlook
German shipbuilder TKMS reported a record order backlog today amid rising global tensions. The company raised its 2026 sales forecast as warship demand grows.
Insights:
TKMS, also known as Thyssenkrupp Marine Systems and a key division of thyssenkrupp AG , announced on February 11, 2026, that it has reached a record $22 billion order backlog. Alongside this milestone, the company raised its 2026 sales outlook to a projected increase of 2% to 5%, a significant improvement over its previous guidance of minus 1% to up to 2%. This announcement reflects a material change in the company's prospects and has increased near-term revenue expectations for the Thyssenkrupp group.
