The war in the Middle East has once again put defense industry stocks in the spotlight. In terms of stock market history, ThyssenKrupp Marine Systems (TKMS) is among the newest representatives of this segment. Last autumn, the German steel group ThyssenKrupp spun off its shipbuilding division. Since 20 October 2025, TKMS has been listed on the stock exchange as an independent company. The company\u2019s roots go back 185 years. Today, TKMS describes itself as a leading system provider for submarines, surface vessels as well as maritime electronics and security technology. More than 9'100 employees work at the shipyards in Kiel, Wismar and Itajaí (Brazil). They have plenty to do. At the end of 2025, TKMS reported an order backlog of nearly EUR 19 billion. This means the order cushion has more than tripled compared with the level seen in 2020.<\/p>\n\n
Further lucrative orders could soon be added. Canada intends to strengthen its navy with up to 12 new submarines. Besides TKMS, only the South Korean Hanwha Group remains in the race for this EUR 12 billion contract. \u201cIn India, TKMS has begun final negotiations together with its local partner for an order covering six submarines,\u201d the company added in its latest report. In mid-February, TKMS presented its figures for the first quarter of the 2025/26 financial year (as of 30 September). In addition to the record order backlog, the group reported stable development in both revenue and operating profit (adjusted EBIT level). Looking at the full year, CEO Oliver Burkard raised the company\u2019s guidance. He now expects revenue growth of 2% to 5% for 2025/26. Previously, the targeted range extended from a decline of 1% to an increase of 2%. The outlook for the EBIT margin remains unchanged at above 6%. For comparison: in the first three months of the financial year, the figure reached 4.8%.<\/p>\n\n