TKMS's growth visibility has increased for the coming years after Canada chose the German ship and submarine builder as the preferred supplier for 12 conventional submarines, Deutsche Bank says in a note. The likely order means TKMS has converted all its outstanding major multi-billion contract opportunities, according to the bank. Recent order wins could take the company's order backlog to around 40 billion euros from 20 billion euros currently, giving TKMS growth visibility that differentiates it from peers, Deutsche Bank says. TKMS shares closed at 93.30 euros. (sarah.sloat@wsj.com)
Dow Jones Newswires
TKMS's Growth Visibility Boosted by Potential Canada Sub Order — Market Talk
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TKMS's growth visibility has increased for the coming years after Canada chose the German ship and submarine builder as the preferred supplier for 12 conventional submarines, Deutsche Bank says in a note. The likely order means TKMS has converted all its outstanding major multi-billion contract opp…