{"id":66376,"date":"2026-08-12T01:38:22","date_gmt":"2026-08-12T05:38:22","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tkms-raises-outlook-amid-rearmament-boom-uk-pm-burnham-convenes-emergency-cobr-meeting\/66376\/"},"modified":"2026-08-12T01:38:22","modified_gmt":"2026-08-12T05:38:22","slug":"tkms-raises-outlook-amid-rearmament-boom-uk-pm-burnham-convenes-emergency-cobr-meeting","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tkms-raises-outlook-amid-rearmament-boom-uk-pm-burnham-convenes-emergency-cobr-meeting\/66376\/","title":{"rendered":"TKMS Raises Outlook Amid Rearmament Boom; UK PM Burnham Convenes Emergency COBR Meeting"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>TKMS (Thyssenkrupp Marine Systems)<\/strong> raised its <strong>2026 sales growth outlook to 10\u201312%<\/strong>, up from a previous range of 2\u20135%, driven by a record <strong>\u20ac20.6 billion order backlog<\/strong> in naval defense.<\/li>\n<li><strong>UK Prime Minister Andy Burnham<\/strong> is chairing an emergency <strong>COBR meeting<\/strong> this afternoon to address a &quot;national emergency&quot; caused by <strong>extreme heat, wildfires, and severe drought<\/strong>.<\/li>\n<li><strong>South Korea<\/strong> unveiled seven &quot;seed&quot; projects, including <strong>Small Modular Reactors (SMRs)<\/strong> and <strong>quantum technology<\/strong>, aimed at establishing new national growth engines by 2030.<\/li>\n<li><strong>France\u2019s EDF (<a href=\"\/stock\/EDF\">EDF<\/a>)<\/strong> announced a temporary output cut at the <strong>St Alban 1 reactor<\/strong> to <strong>260 MW<\/strong> on August 13 due to environmental regulations and rising river temperatures.<\/li>\n<li><strong>Berenberg<\/strong> initiated coverage on <strong>Raspberry Pi Holdings (<a href=\"\/stock\/RPI\">RPI<\/a>)<\/strong> with a <strong>Hold<\/strong> rating and a price target of <strong>670p<\/strong>, following the company&#39;s recent profit upgrades.<\/li>\n<\/ul>\n<h2>Defense and Industrial Growth<\/h2>\n<p>Germany\u2019s largest naval shipbuilder, <strong>TKMS<\/strong>, majority-owned by Thyssenkrupp (<a href=\"\/stock\/TKA\">TKA<\/a>), has significantly boosted its full-year financial outlook. The company now expects sales growth of <strong>10\u201312%<\/strong> for the fiscal year ending September 30, 2026, citing a &quot;rearmament boom&quot; across Europe. This surge is fueled by high demand for <strong>warships, submarines, and underwater electronics<\/strong>, with a record order backlog supported by major contracts from <strong>Canada, Norway, and Germany<\/strong>.<\/p>\n<p>In Asia, <strong>Changan Auto (<a href=\"\/stock\/000625\">000625<\/a>)<\/strong> and <strong>Huawei<\/strong> have entered into a new strategic cooperation agreement to deepen their partnership in the smart-vehicle value chain. The collaboration aims to integrate <strong>Avatr<\/strong> vehicles into Huawei\u2019s extensive retail and service network. The two entities reportedly plan to launch <strong>17 new models by 2030<\/strong>, leveraging Huawei\u2019s <strong>Qiankun intelligent driving ecosystem<\/strong> and HarmonyOS cockpit technology.<\/p>\n<h2>Energy and Environmental Constraints<\/h2>\n<p>The European energy sector is facing operational hurdles due to extreme weather. <strong>EDF (<a href=\"\/stock\/EDF\">EDF<\/a>)<\/strong> will reduce output at its <strong>St Alban 1<\/strong> nuclear reactor to <strong>260 MW<\/strong> for several hours on August 13. This move is a response to <strong>high river temperatures<\/strong> and low water levels, which limit the ability to cool reactors while complying with environmental safety standards.<\/p>\n<p>In Japan, <strong>ENEOS (<a href=\"\/stock\/5020\">5020<\/a>)<\/strong> reported an unexpected shutdown of a <strong>128,000-bpd unit<\/strong> at its <strong>Marifu oil refinery<\/strong> on August 7. This unplanned outage comes as the refiner continues to restructure its domestic production network in response to declining local demand. Meanwhile, the UK government is on high alert as <strong>Prime Minister Andy Burnham<\/strong> leads a <strong>COBR<\/strong> session to manage the impacts of the fifth heatwave this summer, with temperatures forecast to reach <strong>38\u00b0C<\/strong>.<\/p>\n<h2>Technology and Future Engines<\/h2>\n<p><strong>South Korea<\/strong> has identified seven &quot;seed&quot; sectors\u2014including <strong>nuclear fusion, quantum technology, space, and advanced biotech<\/strong>\u2014as critical pillars for its future economy. President <strong>Lee Jae-myung<\/strong> chaired a briefing on these projects, which are designed to complement the nation&#39;s existing strengths in <strong>semiconductors and AI<\/strong>. The government plans to utilize these technologies to secure global competitiveness in the <strong>Small Modular Reactor (SMR)<\/strong> market and the broader <strong>AI transformation (AX)<\/strong>.<\/p>\n<p>In the equity markets, <strong>Berenberg<\/strong> has set a <strong>670p price target<\/strong> for <strong>Raspberry Pi Holdings (<a href=\"\/stock\/RPI\">RPI<\/a>)<\/strong>, initiating coverage with a <strong>Hold<\/strong> rating. While the company recently upgraded its profit forecasts due to strong industrial demand, analysts remain cautious about <strong>rising memory-chip costs<\/strong> and the sustainability of current margin levels. The stock had previously seen a significant rally, reaching record highs earlier this summer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways TKMS (Thyssenkrupp Marine Systems) raised its 2026 sales growth outlook to 10\u201312%, up from a previous range of 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