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CEO of ThyssenKrupp's warship division says attainable market could triple as defense spending surges

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Summary
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83% Informative

German naval systems maker ThyssenKrupp Marine Systems is forecasting that its attainable market will double or triple by the end of the decade .

CEO Oliver Burkhard said reforms to Germany 's "debt brake" shows that "when it comes to the defense budget, there is more or less no limit anymore" Burkhard revealed TKMS ' spinoff from parent company Thysekrupp is aimed at being completed this year .

"We try to turn this pearl out and give all shareholders of TK a TKMS share, and then they can decide on the first day of trading whether they want to keep it.. I think they really value what we are," he said. — CNBC 's Sophie Kiderlin contributed to this report..

VR Score

85

Informative language

84

Neutral language

63

Article tone

informal

Language

English

Language complexity

52

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not hateful

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short-lived

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