TKMS Posts Record $22B Backlog and Lifts Sales Outlook as Submarine Demand Grows

German submarine maker TKMS has announced a record-high order backlog of $22 billion, driven by rising global demand for advanced naval vessels and defence systems. This milestone has led the company to raise its sales outlook for the year, reinforcing confidence among investors and industry watchers in a sector that has grown more critical amid rising geopolitical tensions and global defence spending. The development positions TKMS as a key player in global defence and shipbuilding markets, with long-term revenue visibility and strong future prospects.