TKMS, Navantia sign second MoU to build joint submarine collaboration framework by year-end

• TKMS signed a second memorandum of understanding with Navantia to deepen a strategic submarine partnership.
• Companies target a joint collaboration framework for selected submarine projects by year-end, subject to regulatory approvals.
• Agreement focuses on future production and commercialization, aiming to expand capacity, speed deliveries, strengthen competitiveness.
• No merger or asset deal; existing contracts and programs remain unchanged, with each company retaining design authority on its projects.

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