ThyssenKrupp Warhip Division sees the CEO market boom

German military systems manufacturer THYSECRUPP sea systems, according to CEO Oliver Burkhard, waiting for the end of the decade to the end of the market size.

“This, on electronics, drones, surface vessels and underwater boats, we expect it to the end of this decade,” Burkhard told CNBC within the Singapore Defense Technology Summit.

Comes on the back of the The German parliament voted in favor of a large financial packageIn order to ensure higher defensive spending, it includes changes to changes in debt policy for a long time.

Burkhard, when the action comes to the defense budget, there is no longer a limit to more or less, “Burkhard said.

The proposed changes will not be subject to the debt brake, which can already lend and dictate the size of a defense and certain security expenses above a certain threshold, which can lend and dictate the structural budget deficit of the government.

“It’s not unusual for Germany,” Burkhard was not accompanied by reform German Prime Minister Friedrich Merz was reported “The threats for our freedom and peace on the continent should now be ‘whatever necessary’ for our protection.”

Burkhard, “Germans do not say normally ‘stressed the needed.

He added that if it was 500 billion (euros) or more, it is a special financial type, not seen before 1945. “

What does this mean for the defense industry in Germany, it will like to accelerate the projects and want to get more from the industry.

ThyssenKrupp is a warship for sea systems or TKMS, German industrial engineering congestion and produce marine ships and submarines.

When the company asked the construction of traditional maritime ships, for example, the Russian-Ukrainian war, such as the use of Burkhard’s submarine sea platforms, such as “extensions”.

Tayzard said that customers could not order four submarine boats, but can order two, 50 autonomous vehicles.

Powering gifts, but “everyone has higher budgets. Everyone wants to be faster and the demand is very strong.”

TKMS had earned A new shipyard in North Wismar, GermanyGermany, Norway and Israel will be used to produce new vessels, in Brazil, in addition to traditional ship facilities and an unit.

However, Burkhard also admitted that he would need to seek partnership if he wanted to expand the company. A pointed to the side Joint venture in 2025 With the Mazagon Dock ship drought, India will help the TKMS to design six submarines for Indian fleet and help engineers. MDS will build them in India.

TCMS has been Recently in headlinesAccording to reports, the news listed in ThyssenKrup and Frankfurt Exchange. CEO Burkhard “We will try to do this with this calendar year.”

Investors made a growing appetite for defense costs. On a year, ThyssenKrupp shares increased by 155% from March 19 to 155%. This momentum, Burkhard, this year has improved the prospects of a brush, he said.

He said that the message from the leap is clear: TKMS is the “way to independence.”

He added that Thysencrupp shareholders have “suffered” in the light of steel and car business in the past few years. Report From Reuters and German media The company’s car department found 1,800 jobs and 11,000 jobs in the steel segment.

TKMS added that the parent is Pearl in ThyssenKrupp portfolio, Burkhard, Spinoff’s investors will allow investors to participate in the growth story.

“We try to turn off these pearls and share all shareholders of TC, and then decide on the first day of trade … I think we really appreciate ours.”

– CNBC’s Sophie Kiderlin contributed to this report.