WEDEL, Germany — February 12, 2026 — Leads & Copy — TKMS and Magellan Aerospace Corporation have entered into a Teaming Agreement to strengthen industrial cooperation for Canada’s future submarine capabilities.
The agreement focuses on heavyweight torpedo production and in-service support for the Canadian Patrol Submarine Project (CPSP). The companies will jointly explore, develop, and implement cooperation related to these areas.
Michael Ozegowski, Executive Vice-President at ATLAS ELEKTRONIK, stated that TKMS and Magellan have a longstanding relationship and are developing sections of the Anti-Torpedo Torpedo, expected to be introduced in 2029. TKMS signed a contract for the design engineering phase of the final assembly facility for the Anti-Torpedo Torpedo at the Rockwood plant.
The collaboration also aims to leverage TKMS’s international customer base and projects to explore additional export opportunities for Magellan. This will utilize Magellan’s expertise in complex fabrications, design, development, manufacturing, and assembly as program requirements are finalized.
Mr. Haydn Martin, Vice President, Business Development, Marketing and Contracts at Magellan Aerospace, said the partnership builds on their collaboration with TKMS and supports the Canadian Patrol Submarine Project. He highlighted Magellan’s six decades of expertise in delivering mission-critical defense propulsion technologies and its commitment to reliable, innovative undersea capabilities that support Canada’s national security objectives.
Both companies are committed to combining their strengths to build sustainable, high-value industrial capabilities for the Canadian submarine program. The collaboration aims to increase skilled employment opportunities, enhance domestic value creation, and foster long-term economic benefits within Canada.
TKMS, a naval company with over 9,100 employees, operates shipyards in Kiel, Wismar, and Itajaí (Brazil) and is a systems supplier for submarines, naval surface vessels, maritime electronics, and security technologies.
Magellan Aerospace Corporation is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. Magellan’s shares trade on the Toronto Stock Exchange (TSX: MAL).
More information at: www.tkmsgroup.com
Source: TKMS
