{"id":11945,"date":"2026-05-11T06:10:14","date_gmt":"2026-05-11T06:10:14","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/11945\/"},"modified":"2026-05-11T06:10:14","modified_gmt":"2026-05-11T06:10:14","slug":"germanys-tkms-hits-record-24-billion-order-backlog-as-defence-boom-continues","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/11945\/","title":{"rendered":"Germany&#8217;s TKMS hits record $24 billion order backlog as defence boom continues"},"content":{"rendered":"<p>FRANKFURT, May 11 (Reuters) &#8211; TKMS&#8217;s order backlog hit a fresh record, the German warship builder said on Monday, as demand for weapons continues to surge across European to cut military dependence on the United States.<\/p>\n<p>\n              TKMS, which is majority-owned by German engineering conglomerate Thyssenkrupp, has been riding a boom in defence stocks following a stock market listing in October.<\/p>\n<p>\n              &#8220;The Russian war of aggression against Ukraine and the military conflicts in the Middle East between Israel, the USA and Iran have led to a permanent increase in global defence spending,&#8221; the company said in its quarterly report.<\/p>\n<p>\n              Its order backlog rose to 20.6 billion euros ($24.2 billion) at the end of March, up from 18.7 billion at the end of December, the company said. The submarine and sonar technology divisions helped it to post higher-than-expected first-half sales and profits, it added.<\/p>\n<p>\n              Adjusted operating profit during the six months through March rose 13.2% to 60 million euros, while sales climbed 10.2% to 1.17 billion. Analysts in a company-provided poll had, on average, expected operating profit of 59 million euros and sales of 1.10 billion.<\/p>\n<p>\n              Shares in the company, which have gained nearly one fifth year-to-date, were indicated to open 2.2% in pre-market trade at 0538 GMT.<\/p>\n<p>\n              ($1 = 0.8508 euros)<\/p>\n<p>\n              ($1 = 0.8508 euros)<\/p>\n<p>\n               (Reporting by Christoph SteitzEditing by Ludwig Burger)<\/p>\n","protected":false},"excerpt":{"rendered":"FRANKFURT, May 11 (Reuters) &#8211; TKMS&#8217;s order backlog hit a fresh record, the German warship builder said on&hellip;\n","protected":false},"author":2,"featured_media":11946,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[5,548],"class_list":{"0":"post-11945","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-germany","8":"tag-germany","9":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/11945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=11945"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/11945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/11946"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=11945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=11945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=11945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}