TKMS AG & Co. KGaA operates through three primary business segments: Submarines, Surface Vessels, and Atlas Electronics. The Submarines division develops and manufactures conventional and specialized non-nuclear submarines, while the Surface Vessels segment focuses on mid-size naval ships including frigates, corvettes, and offshore patrol vessels. The Atlas Electronics division provides advanced maritime technology such as sonar systems, mine warfare systems, and unmanned naval vehicles. Headquartered in Kiel, Germany, the company serves domestic and international defense markets, including NATO and allied navies. Formerly a division of the Thyssenkrupp conglomerate, TKMS became an independent publicly traded company following its initial public offering in October 2025.