German Naval Defense Firm TKMS Launches Frankfurt IPO Amid European Military Expansion
TKMS, the newly independent warship manufacturer spun off from Thyssenkrupp, began trading on the Frankfurt Stock Exchange Monday. The IPO comes as European nations ramp up naval defense capabilities, with the company reporting an order backlog extending to 2040.
European Defense Sector Attracts Investor Attention
European aerospace and defense stocks reportedly gained momentum Monday as investors increasingly view the sector as positioned for growth. This trend comes amid heightened focus on military capabilities across the continent, with aerospace and naval defense companies particularly attracting market interest according to industry analysts.