Rheinmetall CEO says GNYK shipyard could be option for company

TKMS AG & Co KgaA

11/03/2026 10:31

DUESSELDORF, March 11 (Reuters) - Rheinmetall RHMG.DE CEO Armin Papperger said on Wednesday that the shipyard German Naval Yards Kiel (GNYK) could be an option for the German defence company.

That would put it in competition with submarine maker TKMS TKMS.DE, which in January made a non-binding bid for GNYK.

GNYK is part of the family-owned CMN Naval group, a French shipbuilder active in naval and yacht construction.

 (Reporting by Matthias Inverardi, Writing by Miranda Murray, Editing by Linda Pasquini)

 ((Miranda.Murray@thomsonreuters.com;))