TKMS to make stock market debut amid defence sector investment boom

It also coincides with deliberations by Franco-German defence supplier KNDS over an initial public offering in the coming months, reflecting soaring investor appetite for defence pure plays.

TKMS, which employs more than 9,100 staff globally, last month held its first capital markets day, releasing margin targets that some investors said were not ambitious enough when compared with rivals such as Britain's BAE, Germany's NVL and France's Naval Group.