Donald Trump & ThyssenKrupp — TKMS

Donald Trump: Claimed victory on defense spending argument, but criticized NATO over Denmark — Greenland and Iran, threatening trade with Spain.

ThyssenKrupp — TKMS: Selected as preferred bidder for Canada's submarine fleet, securing a major contract.

Donald Trump: Trump's pressure on NATO allies to increase defense spending indirectly influenced Canada's decision to boost military procurement.

ThyssenKrupp — TKMS: TKMS wins a landmark contract to build up to 12 submarines for Canada, boosting its order book and reinforcing its position as a leading non-nuclear submarine builder.

Donald Trump: Trump dominated the summit, pressing allies on defense spending and loyalty, while renewing his push for Denmark — Greenland and criticizing NATO's Iran response. His decision to lift sanctions on Turkey and consider F-35 sales signals a thaw in U.S.-Turkey relations.

ThyssenKrupp — TKMS: Selected by Canada to build new submarine fleet, a multi-billion-dollar contract.

Donald Trump: President who ordered the 50% tariffs, using Section 338. His aggressive trade policy strains relations with Canada and risks political fallout ahead of midterms.

ThyssenKrupp — TKMS: German defense firm selected to build Canada's new submarines, part of Canada's diversification efforts.

ThyssenKrupp — TKMS: ThyssenKrupp — TKMS is negotiating a significant submarine manufacturing deal with India, which would include technology transfer and strengthen India's defense industry.

ThyssenKrupp — TKMS: Oliver Burkhard, the CEO of ThyssenKrupp — TKMS, commented on the need for Europe to become more independent in light of shifting transatlantic ties, reflecting broader industry concerns.