New submarine order creates up to 1,500 jobs in Wismar!

New submarine order creates up to 1,500 jobs in Wismar!

Thyssenkrupp Marine Systems (TKMS) has won a highly significant German submarine manufacturing contract that could potentially create up to 1,500 new jobs at its Wismar shipyard. The order, confirmed by a company spokesman, includes the construction of a total of six submarines, including two for Norway. Loud wallstreet-online.de The total volume of this project amounts to an impressive 4.7 billion euros. Preparations for full utilization of production capacity in Wismar are already underway, which suggests that implementation will take place in the near future.

Economic impulses and value creation

A crucial aspect of this submarine project is domestic value creation, as 90 percent of the revenue from the contract is to remain in Germany. This will not only benefit the coastal region in which the shipyard is located, but also southern Germany, where around a third of the added value will flow. In addition, the Bundestag's budget committee is expected to deal with further financial support for this entrepreneurial project on Wednesday boersennews.de reported. The urgency of the project is also underpinned by the security dimension, which makes the construction of these submarines necessary to strengthen maritime defense.

In summary, the reconstruction and expansion of the Wismar shipyard, which TKMS acquired in 2022, is expected to have a significant impact on the local economy and raise employment in the region to a new level.