Italy’s Fincantieri and Germany’s TKMS Join Forces to Bid for Philippine Navy Submarine Deal

European shipbuilding giants Fincantieri (Italy) and thyssenkrupp Marine Systems (TKMS, Germany) have announced a strategic partnership to supply the Philippine Navy with its first-ever submarines. The move comes as the Philippines ramps up its military modernization under the P2-trillion “Re-Horizon 3” program, launched in 2024.

In a joint statement, the two companies emphasized that integrating submarines into the Navy’s fleet would be a “game-changer” in defending the country’s territorial waters, particularly in the contested South China Sea.

The firms are proposing to deliver the U212 NFS (Near Future Submarine)—an advanced evolution of the U212A class, renowned for its stealth capabilities and Air Independent Propulsion (AIP) system. These subs are currently being built for the Italian Navy and are designed for ultra-quiet underwater operations.

More than just providing vessels, the partnership includes plans to help the Philippines strengthen its naval infrastructure and develop a new submarine base. It also promises extensive operational support and specialized training to quickly build a capable and well-trained submarine force.

“This is a major milestone in our international strategy, showcasing the best of Italian and German naval innovation,” said Fincantieri CEO Pierroberto Folgiero.

The project aligns with the Armed Forces of the Philippines’ (AFP) goal of acquiring at least two submarines to boost maritime defense. AFP Chief of Staff Gen. Romeo Brawner Jr. confirmed this plan earlier this year, noting the significance of bolstering underwater defense capabilities.