Submarine maker TKMS hits record $22 billion order backlog, raises sales outlook

A submarine, build by ThyssenKrupp Marine Systems (TKMS) company, moves through the Kiel Fjord, heading toward the Baltic Sea, off the coast of Kiel, Germany September 1, 2025. REUTERS/Annegret Hilse

FRANKFURT, Feb 11 (Reuters) - ⁠TKMS hit a fresh $22 billion high in ⁠order backlog and raised its sales outlook, ‌the German submarine maker said on Wednesday, citing a boost in demand for warships at a time of rising ​geopolitical tensions.

Sales are now expected ⁠to rise by 2% ⁠to 5% in 2026, from a previous range ⁠of ‌minus 1% to up to 2%, said the company, which was spun ⁠off from Thyssenkrupp last year.