XTRA:TKMSAerospace & Defense
TKMS & Co KGaA (XTRA:TKMS) Is Up 21.3% After Winning Canada’s Patrol Submarine Deal - Has The Bull Case Changed?
TKMS announced that the Government of Canada has selected Team 212CD as the preferred supplier for the Canadian Patrol Submarine Project, potentially adding twelve 212CD submarines and lifting the company’s existing order backlog by more than 50%.
Beyond defence cooperation among Canada, Germany and Norway, the proposal is expected to generate a very large CAD 167 billion in economic activity, including CAD 86 billion in economic impact and over 650,000 job-years across Canada over the life...