German TKMS, Spanish Navantia in MoU to Pitch Submarines Projects to NATO

German TKMS AG and Spanish  Navantia S.A., signed a Memorandum of Understanding Wednesday to explore strategic cooperation on naval projects in Europe, NATO and worldwide.

The agreement foresees potential production of TKMS designs, particularly submarines, at Navantia’s shipyards in Spain.

Geopolitical developments in recent years have significantly increased demand for modern naval products. At the same time, there are considerable bottlenecks in shipyard capacity and technological resources across Europe.

Against this backdrop, TKMS and Navantia have agreed to initiate management level discussions based on mutual trust and in full compliance with all competition and export control regulations.

Oliver Burkhard, CEO of TKMS, says: “At a time when our customers’ security requirements are growing and manufacturing capacity is limited, it is crucial that European industrial companies collaborate more closely. TKMS and Navantia jointly have the expertise, infrastructure, and experience to overcome these shared challenges.”

Ricardo Domínguez, Navantia Executive Chairman, states: “This collaboration will deliver cutting-edge capabilities to our armed forces while leveraging the full potential of European defence investment.”