German firm TKMS (ThyssenKrupp Marine Systems) signed a Memorandum of Understanding (MoU) with Hyderabad-based VEM Technologies, a renowned Indian defence company, specialising in design, development and manufacturing of weapon systems and fuselage and systems for airborne systems.
The rebranding of the TKMS locations will take place in stages: initially at the main locations in Kiel and Bremen, then at the other facilities in Germany and abroad.