12-February-2026
Corporate News
 
Submarine Maker TKMS Hits Record $22 Billion Order Backlog, Raises Sales Outlook
11-Feb-2026

German submarine maker TKMS reported a $22 billion order backlog - a new record - and raised its 2026 sales outlook on Wednesday, citing a boost in demand for warships at a time of rising geopolitical tensions. Like many of its peers, TKMS has been riding a surge in investor demand for shares in defence companies triggered by the war in Ukraine as well as U.S. pressure on Europe to step up its military capabilities.

News Source:- https://money.usnews.com/investing/news/articles/2026-02-11/submarine-maker-tkms-raises-sales-outlook-hits-new-high-in-order-backlog
 
 
 

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