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Deepening the strategic partnership: TKMS and VEM sign Teaming Agreement for joint torpedo production in India
Deepening the strategic partnership: TKMS and VEM sign Teaming Agreement for joint torpedo production in
About this update from Tkms Ag & Co. Kgaa
Conclusion of a Teaming Agreement for the transfer of torpedo technology and the joint development of a "Make-in-India" heavyweight torpedo. Basis for a long-term Joint Venture to supply the Indian market with modern heavyweight torpedoes. Strengthening India's technological independence and expansion of the local defense industry. Hyderabad, March 10, 2026 - TKMS signed a cooperation agreement (Teaming Agreement) with VEM Technologies Pvt. Ltd., a renowned Indian defense company based in Hyderabad, specializing in the design, development and manufacture of weapon and air-based systems. The cooperation represents the next stage in the collaboration between TKMS and VEM, following the signing of a memorandum of understanding in September 2025. Michael Ozegowski, Executive Vice President of the ATLAS ELEKTRONIK segment, explains: "With this Teaming Agreement, we are completing the next important milestone in our strategic partnership with VEM and underlining our commitment to the 'Make-in-India' initiative. The transfer of our torpedo technology enables VEM to make a decisive contribution to strengthening the Indian Navy and to India's technological independence." In the first step, the Teaming Agreement will form the basis for the production of a heavyweight torpedo for the existing submarine fleet of the Indian Navy. Furthermore, a more in-depth cooperation between TKMS and VEM is also conceivable in future torpedo programs. In the medium term, the joint project is to involve the establishment of a joint venture between VEM and TKMS, which is intended to supply the Indian market long-term with high-quality heavyweight torpedoes and also open up new export opportunities. ATLAS ELEKTRONIK, as a segment of TKMS, will enable VEM to transfer the necessary technology and corresponding software licenses to ensure production in Indian manufacturing facilities.
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