Norway’s $2B Submarine Deal Sends TKMS Stock Soaring by 50%
Norway’s decision to expand its submarine fleet directly benefits TKMS. The government announced it would purchase two additional vessels, raising the company’s production pipeline from four to six units—a 50% increase. This follows earlier agreements, bringing TKMS’s total backlog to 12 submarines.
With Norway’s expanded order and a possible Canadian deal on the horizon, TKMS is set to maintain its dominance in non-nuclear submarine production. The company’s growing backlog and rising share price reflect its strong market position. Analysts anticipate further growth as demand for advanced naval vessels remains steady.
