Analyst: Amid delays from competitors, TKMS warships have become a reliable alternative for Germany.

MWB-Research analyst Jens-Peter Rieck stated that the MEKO frigate from German warship manufacturer TKMS is becoming the only reliable alternative solution for the F126 frigate project led by Naval Vessels Lurssen. Naval Vessels Lurssen was recently acquired by Rheinmetall. He added that the F126 project has been plagued by delays and contractor issues, prompting the German Ministry of Defense to consider other options. He pointed out that the escalating geopolitical tensions highlight the strategic importance of warships and strengthen the reasons and basis for long-term investment in them. TKMS remains the top choice for MWB-Research in the defense sector. MWB-Research has upgraded TKMS stock from "hold" to "buy" and raised its target price from 102 euros to 125 euros. TKMS stock rose by 0.7% to 99 euros.