STM and ThyssenKrupp Marine Systems Signed Letter of Intent for Indonesian Submarine Project

Issue 76 - July 2017

Having played an important role in the ‘New Type Submarine Project’ for the Turkish Naval Forces and having undertaken the main contractor ship of the Pakistan Naval Forces’ Agosta 90B Class Submarine Modernization Project, STM made a new addition to its studies in this field at IDEF 2017. Within the framework of the collaboration formed under the coordination of the Undersecretariat for Defense Industries, STM signed a Letter of Intent with the German company ThyssenKrupp Marine Systems (TKMS), which is one of the world’s largest Defense Industry companies, for the Indonesian Submarine Project. STM General Manager Mr. Davud Yilmaz and ThyssenKrupp senior officials were present at the signature ceremony.

Within the scope of the Indonesian Submarine Project to be initiated by the STM and TKMS, one or two submarines are planned to be built in Turkey and the other submarines are to be built in Indonesia. The details of the final business model of the Indonesian Submarine Project, which is expected to be one of the largest export projects in Turkey, are anticipated to be finalized in the upcoming weeks.