North PD Alliance Endorses Federal Partnership with Submarine Manufacturer TKMS - Commission plans to launch process for implementing updated competition rule regulations.
German Federal Government Considers Entry Into U-Boat Builder Thyssenkrupp Marine Systems
The German federal government is considering an entry into Thyssenkrupp Marine Systems (TKMS), a renowned U-boat builder that also benefits the German Navy, a defense ministry spokesperson said on Wednesday. No formal announcement on a state entry has been made yet.
Support for State Participation
Schleswig-Holstein's SPD state parliament faction leader, Serpil Midyatli, is advocating for federal participation in TKMS. Midyatli, who is also deputy federal chairman of the SPD, believes it is a necessity for the state to invest in companies like TKMS due to the international security situation and the changing European security architecture.
TKMS plays an essential role in Schleswig-Holstein's economy, with many high-tech jobs depending on the company. Midyatli suggests that the state could act as a guarantor for TKMS's economic stability during challenging times.
Thyssenkrupp's Plans for Spin-off
Thyssenkrupp AG, TKMS's parent company, is planning a spin-off for its marine division, with the process already initiated. An IPO is planned for the marine division, though the company does not intend to relinquish complete control. Previous discussions regarding a federal entry have taken place between TKMS and the German government, although these remain unresolved.
TKMS's Current Projects and International Partnerships
TKMS is currently fully booked until the early 2040s, with ongoing projects for the German Navy and international partners. The company recently secured an order for four more modern 212CD class submarines for the German Navy, and additional orders from Singapore and the construction of a new research icebreaker for the Alfred Wegener Institute further swell the order book. TKMS is also pursuing a submarine contract from Canada and has established a representative office in Ottawa to strengthen its position in North America.
According to some analysts, a federal stake in TKMS could ensure long-term production for the German Navy, but no definite plans for federal ownership have been announced yet. The future of TKMS and its impact on Schleswig-Holstein's economy will continue to be closely watched as the spin-off process unfolds.
The entry of the state into TKMS could provide financing for the production of electricity and energy efficiency, vital for the development of technology and the business sector, considering TKMS's role in Schleswig-Holstein's economy.
In sports metaphor, this potential state investment in TKMS could serve as a team effort, with all parties working toward enhancing energy efficiency and ensuring the long-term success of TKMS, thus improving the community aid and economic stability for Schleswig-Holstein.
