Saab to acquire submarine building business
Saab is making moves to develop the capability to build submarines with an initial agreement for the acquisition of Swedish shipyard ThyssenKrupp Marine Systems AB.
The company has signed a memorandum of understanding with ThyssenKrupp Industrial Solutions for the purchase of the shipyard. This move will enable Saab, already providing products such as ship-control management and electronic warfare systems for submarines, to build underwater vessels.
ThyssenKrupp Marine Systems AB, previously named Kockums, is part of ThyssenKrupp Marine Systems (TKMS), which was formed of the merger between Howaldtswerke-Deutsche Werft (HDW) GmbH and Blohm+Voss Naval GmbH in 2013.
A statement released
Already have an account? Log in
Want to keep reading this article?
More from Defence Notes
-
![Leonardo unveils plans for Michelangelo air defence dome]()
Leonardo unveils plans for Michelangelo air defence dome
The new multi-layered defence system will harness AI to neutralise airborne threats and protect Europe from Russian aggression.
-
![What will next-gen counter-UAS capabilities for the US look like?]()
What will next-gen counter-UAS capabilities for the US look like?
Future US counter-uncrewed aerial system solutions are likely to require a flexible, multi-layered approach to tackle a broad spectrum of new threats as they emerge.
-
![Elbit Systems awarded $2.3 billion contract as results soar]()
Elbit Systems awarded $2.3 billion contract as results soar
The company’s order backlog as of 30 September totalled $25.2 billion and more than a third of this is scheduled to be fulfilled before the end of 2026.
-
![US military foresees growing use of 3D printing]()
US military foresees growing use of 3D printing
Advanced manufacturing has evolved to meet military requirements and now supports multiple US critical assets, including Arleigh Burke-class destroyers, F-18, F-22, F-35, Bradley, HMMWV and Patriot.
