Thyssenkrupp Marine Systems CEO Oliver Berkhard (4th R), German Defense Minister Boris Pistorius (6th R) and McLenberg-Western Pomerania’s State Premier Manuella Schisig (8th R) (8th R), which is a visit to Thiskupa.
Morris McMatzen | Getty Image News | Getty images
According to CEO Oliver Burkhard, the German Naval Systems maker Thessencip Marine Systems expects the size of its market to the end of the decade.
Berkhard told CNBC at the Singapore Defense Technology Summit, “This received market in electronics, drones, surface ships and submarines, we hope that it is doubling or tripling by the end of this decade.”
It votes in favor of a major fiscal package behind the German Parliament, including changes in long -standing debt policies to enable high defense spending.
Berkhard said that the move shows that “When it comes to the defense budget, there is no less limit.”
The proposed changes mean that protect and some security expenditure above a certain limit will no longer be subject to loan brakes, which limits how much loans the government can take and determine the size of the structural budget deficit of the federal government.
“This is unusual to Germany,” Berkhard said, “Given the improvement with German Chancellor Frederick Marse, allegedly saying that” the rules for our defense, “whatever happens’ should be ‘whatever’ now” in view of our freedom and peace. “
Berkhard highlighted that “Germans generally do not say that ‘whatever happens,’, because (its) very irresponsible. We have KPI, we have figures, we have arguments, we have surveys, we have research, we have research, we have research, we have some based on them, we say something, but we have never said that whatever it is, but whatever it is, ‘and’ whatever it is, ‘and’ whatever it is, ‘and’ whatever it is, ‘and’ whatever it is, ‘and’ whatever it is, ‘and’ whatever it is, ‘and’ whatever it is, ‘and’ whatever it is, ‘and’ whatever it is, ‘and’ whatever it is, ‘and’ whatever it is, ‘and’ whatever it is, ‘and’ whatever it is, ‘and’ whatever it is, ‘and’ whatever it is, ‘and’ whatever it is, ‘and’ whatever it is.
He said, “This means, whether it is 500 billion (euro) or more, it is a type of special funding that is not there, has never been seen before 1945.”
What does this mean for the defense industry in Germany, he said, the government would like to speed up projects and buy more than the industry.
Thyssenkrupp is a warship division for marine systems, or TKMS, German Industrial Engineering Group, and produces naval vessels and submarines.
Asked whether the company imagines a change from the manufacture of traditional naval vessels to an unmanned marine drone, such as the Russia-Ukraine used in the war, Berkhard suggested that those can be described as “expansion” for current naval platforms, such as submarines that are surrounded by top and bottom-water drones.
Bukhard gave an example, stating that customers could not order four submarines, but perhaps with two, 50 autonomous vehicles.
They acknowledged obstacles for building capacity, however, saying “everyone has a high budget. Everyone wants to do it faster, and the demand is very strong.”
The TKMS acquired a new shipyard in the northern German city of Vismar, which will be used to produce new vessels for Germany, Norway and Israel, in addition to its traditional shipbuilding features and a feature in Brazilian.
But Berkhard also admitted that the company would have to look for a partnership if it wants to expand. He pointed to a joint venture in 2025 with a combined venture with India’s Mezagon Dock Shipbuilders, with the TKMS to design and engineer six submarines for the Indian Navy. MDS will create them in India.
Sub -product
The TKMS has recently been in the headlines, on the news that the original company will be closed from Thyssenkrupp and listed on the Frankfurt Stock Exchange. CEO Berkhard revealed that “we will try to do so by this calendar year.”
Investors seem to have taken the increased appetite well for defense spending. Based on a year-on-year-a-year-old, the shares of Thyssenkrupp have increased by 155% till 19 March. This speed, Berkhard said, the possibilities for a spinoff have improved this year.
He said that the message of spinoff is clear: TKMS is on “a road for freedom”.
He said that thyssenkrupp shareholders have “suffering” in the light of issues in their steel and motor vehicle businesses over the years. Ritter and German media reports have shown that the company is ready to reduce 1,800 jobs in its automotive division and 11,000 jobs in its steel segment.
TKMS is “Pearl” in the Portfolio of Thyssenkrupp of the TKMS original company, Berkhard said, Spinoff allowed investors to participate in the company’s development story.
He said, “We try to exclude this Pearl and give TKMS share to all the shareholders of the vaccine, and then they can decide the first day of trading whether they want to keep it … I think they really give importance to the value,” he said.
– Sophie Cederlin of CNBC contributed to this report.
