thyssenkrupp Marine Systems and Ulstein Verft sign Letter of Intent to strengthen Norwegian Industrial Cooperation

• Joint efforts to deliver advanced frigates for the Royal Norwegian Navy, combining cutting-edge technology from thyssenkrupp Marine Systems and local shipbuilding excellence from Ulstein Verft.

At the Undersea Defence Technology (UDT) exhibition in Oslo, thyssenkrupp Marine Systems and the Norwegian shipyard Ulstein Verft have signed a Letter of Intent (LoI), marking a significant step towards enhanced industrial cooperation between Germany and Norway. The agreement outlines that, in the event of a contract award for the next Norwegian frigate program, substantial value creation will take place in Norway.

The signing, held at the thyssenkrupp Marine Systems booth, underscores Team Germany’s commitment to partnering with Norwegian shipbuilders to ensure local expertise and economic benefits. Joachim Wacker, Head of Product Sales & Product Strategy at thyssenkrupp Marine Systems and Lars Lühr Olsen, Managing Director at Ulstein Verft, highlighted the strategic importance of the partnership and the advantages for Norway’s shipbuilding sector.

"Ulstein and thyssenkrupp Marine Systems share a strong tradition of innovation and excellence in shipbuilding. By joining forces, we are combining our expertise to deliver state-of-the-art naval solutions while strengthening Norway’s industrial capabilities. We are excited about the opportunity to build a long-term partnership that benefits both companies and nations," said Lars Lühr Olsen.

"This agreement is a milestone in our commitment to the Norwegian industry. Ulstein is a world-class shipbuilder with deep roots in Norway, and together, we will create advanced and highly capable frigates that meet the needs of the Royal Norwegian Navy. We look forward to a successful cooperation that will extend far beyond this project," said Joachim Wacker.

This collaboration reaffirms thyssenkrupp Marine Systems’ dedication to fostering long-term cooperation and supporting Norway’s maritime defense capabilities.