• thyssenkrupp Marine Systems invests in long-term cooperation with Canada

• 212CD-Class submarines can contribute to Canada’s defense capabilities

Ottawa, May 28, 2025 – thyssenkrupp Marine Systems is opening a representative office in Canada to intensify cooperation with local stakeholders and strengthen its local presence. This step underscores thyssenkrupp Marine Systems' ambition to focus its work on the needs of the Canadian Navy.

The opening of the office in Ottawa marks an important milestone in the 212CD project for Canada. In view of the changing global security situation, international relations are of crucial importance. The new location will enable even closer cooperation with existing and potential customers in order to optimally meet the specific requirements of the Canadian Navy.

‘Our representative office in Canada has the potential to become a hub for North America in the long term. We want to raise our profile and underline our commitment beyond our project plans – because we are here to stay: we are not just interested in a contract – we are interested in a long-term strategic partnership with Canada,’ explains Oliver Burkhard, CEO of thyssenkrupp Marine Systems. ‘We are seeing growing international demand for modern, reliable system solutions and are convinced that the 212CD-Class can play a key role here,’ he adds.

A look at the current projects makes it clear that the production of the existing 212CD submarines for Germany and Norway is on schedule. At the end of 2024, thyssenkrupp Marine Systems received an order extension for four submarines from Germany. In international business, too, the recent signing of a contract for two additional submarines for Singapore underscores thyssenkrupp Marine Systems' strong position and contributes to the current increase in the order book to around €18 billion.

Norway and Canada have identical intended uses and areas of operation for the 212CD. In addition, the 212CD can be integrated into global security missions at bilateral, multinational and NATO level in various environments.

• Strengthening bilateral collaboration: thyssenkrupp Marine Systems and Saab Australia sign a Memorandum of Understanding to deepen cooperation on the MEKO A-200 frigate program

Sydney, Australia, May 26, 2025 – thyssenkrupp Marine Systems has signed a Memorandum of Understanding (MoU) with Saab Australia, marking a significant step in their ongoing cooperation. The agreement aims to explore opportunities for collaboration on the MEKO A-200 frigate platform, with a focus on enhancing naval capabilities through joint innovation and integration.

The MoU was formalized at the Consulate-General of the Federal Republic of Germany in Sydney in the presence of Vice Admiral Carsten Stawitzki, Director-General for Armaments in the German Federal Ministry of Defense, who emphasized the strategic value of such partnerships. “Collaborations like this one show how international industry partnerships can strengthen national defence capabilities,” Stawitzki noted.

This partnership builds on a longlasting working relationship between thyssenkrupp Marine Systems and Saab Australia, and reinforces both companies’ commitment to providing sovereign industrial capability in naval defence.

This collaboration will leverage Saab’s Australian Combat System (AusCMS) already in service across the Royal Australian Navy’s surface fleet. The AusCMS provides enterpriselevel interoperability, training, substainment, and operational benefits, contributing to the sovereign capability of Australia’s defense industry.

This initiative aligns with thyssenkrupp Marine Systems’ proven business model, which supports partner nations in building, maintaining, and upgrading naval vessels domestically. Having previously delivered the ANZAC frigates to the Royal Australian Navy and supported similar projects across 16 navies – including six NATO members – thyssenkrupp Marine Systems continues to demonstrate its commitment to sovereign shipbuilding partnerships.

“This MoU with Saab Australia reflects our proven approach to naval shipbuilding and longterm collaboration with trusted partners,” said Dr. Oliver Juckenhöfel, Executive Vice President of Operating Unit Surface Vessels at thyssenkrupp Marine Systems. “We are proud to contribute to a robust and sovereign naval capability through a model that has proven successful across multiple navies,” he added.

The MoU with Saab Australia highlights both companies’ shared strategic vision for delivering mature, low-risk, and proven solutions to meet future naval requirements, including those of the SEA 3000 program.

• Order backlog grows to Euro (€) 16.1 billion thanks to significant successes in all areas

• Adjusted EBIT rises 46% year-on-year to €62 million

• thyssenkrupp Marine Systems remains on track to become an independent company

thyssenkrupp Marine Systems significantly increased its order intake year-on-year in the first half of 2024/2025 and substantially improved its profitability.

Thanks to major orders in all segments – underwater, surface and electronics – order intake rose to €5,591 million in the first half of 2024/2025 (previous year: €669 million). In the underwater segment, Marine Systems received an order extension from the German Armed Forces in December 2024 for four additional submarines as part of the 212CD program. In addition, the surface segment was awarded the contract by the Alfred Wegener Institute for the research icebreaker ‘Polarstern’. With these significant milestones, the order backlog grew to a record level of €16.1 billion at the end of the first half of the year (end of fiscal year 2023/2024: €11.7 billion).

Oliver Burkhard, CEO of thyssenkrupp Marine Systems: “We achieved great success in the first half of the year and booked a record order backlog of over €16 billion. Both the order expansion under the 212CD program and our order for the new Polarstern underscore our position as a Maritime Powerhouse – as a systems provider to the maritime defense industry. The recent signing of the contract for the follow-up order of two submarines for Singapore has contributed to our order book currently rising to around €18 billion. This strong performance gives us momentum for the planned spin-off of thyssenkrupp Marine Systems. We are pushing ahead with this with all our strength in order to be able to exploit the growth opportunities in our market to the fullest.”

Due to the steady ramp-up in new construction business, sales in the first half of the year were also positive at €1,101 million (same period last year: €965 million). Adjusted EBIT increased to €62 million (same period last year: €42 million). The adjusted EBIT margin improved to 5.6% in the first six months (same period last year: 4.4%). The improved profitability was primarily due to project progress in the new construction business and a positive development in the marine electronics segment.

Paul Glaser, CFO of thyssenkrupp Marine Systems: “Our order backlog gives us long-term visibility and predictability and puts us in an excellent position to significantly increase our revenue in the future. At the same time, we have structurally and sustainably improved our profitability in recent years. We were able to demonstrate this once again in the first half of the current fiscal year. We are continuing to do our homework and firmly expect to maintain the positive trend and further increase our earnings margin.”

thyssenkrupp Marine Systems is constantly working on developing itself as a Maritime Powerhouse. To enable the company to make the best possible use of its growth opportunities, thyssenkrupp AG is pursuing the spin-off of the marine segment on the capital market in the current calendar year.