Published by Global Banking & Finance Review®
Posted on April 15, 2026
2 min readLast updated: April 15, 2026
Add as preferred source on GoogleGermany’s TKMS and Spain’s state-owned Navantia have signed an MoU to explore deeper strategic collaboration on naval projects, including potential production of TKMS submarine designs at Navantia shipyards, aiming to ease Europe’s naval demand and capacity constraints.
FRANKFURT, April 15 (Reuters) - Warship makers TKMS and Spain's state-owned Navantia have signed a memorandum of understanding to explore cooperation on naval projects, including the potential production of TKMS submarine designs at Navantia's shipyards in Spain, the companies said on Wednesday.
The agreement covers potential projects in Europe, within NATO and worldwide, and comes as both companies cite growing demand for naval vessels and bottlenecks in shipyard capacity and technological resources across Europe.
Navantia is wholly owned by SEPI, a Spanish state holding company attached to the Ministry of Finance, and employs nearly 6,000 people in Spain
TKMS, which is majority-owned by German industrial firm Thyssenkrupp, employs more than 9,100 people at shipyards in Kiel, Wismar and Itajai, Brazil
"It is crucial that European industrial companies collaborate more closely," said TKMS CEO Oliver Burkhard
(Reporting by Christoph SteitzEditing by Linda Pasquini)
Thyssenkrupp Marine Systems (TKMS) from Germany and Navantia from Spain are the companies involved.
The aim is to explore cooperation on naval projects, including potential submarine production in Spain, to increase efficiency and manage growing demand.
TKMS submarine designs could potentially be produced at Navantia's shipyards in Spain.
There are bottlenecks in shipyard capacity and technological resources across Europe.
Yes, management-level discussions will comply with competition and export control regulations.
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