German shipbuilder TKMS and Spanish state-owned strategic defense and technology company Navantia have signed a second Memorandum of Understanding, further strengthening their strategic partnership in the submarine sector.
The two companies intend to establish a joint collaboration framework for selected submarine projects by the end of the year, subject to the necessary regulatory approvals.
Over the past three months, constructive discussions between TKMS and Navantia have identified key areas where the two companies’ complementary expertise can create additional value for customers. By combining their respective strengths, the companies aim to expand available industrial capacity, improve delivery timelines, and enhance operational performance while building a long-term technological partnership and strengthening customer supply capabilities in international markets.
The goal is to establish a formal cooperation framework by the end of the year, subject to the completion of all necessary regulatory approvals.
The planned partnership is focused exclusively on future business opportunities and does not involve any merger, acquisition, or transfer of shares or assets. Existing contracts, programs, and projects of both companies will remain fully independent and unaffected.
Through this collaboration, customers are expected to benefit from a broader industrial base, greater flexibility, and access to combined technological expertise, further enhancing the competitiveness of both TKMS and Navantia in global markets.
The cooperation will be conducted in full compliance with applicable competition laws, export-control regulations, and other relevant regulatory requirements. Any joint activities will be tailored to specific customer needs and implemented only with the required customer approvals.
