Navantia and TGW Logistics report significant industrial growth

Navantia, the Spanish state-owned naval company, plans to double its order book to 16 billion euros and its turnover to 3 billion euros within two years. President Ricardo Domínguez stated that the company intends to invest heavily due to increased budgetary certainty in the defense sector, supported by European and state spending initiatives.

Navantia reported that in 2025, it closed with 12.8 billion euros in contracts and supported over 29,000 jobs. The company maintains a network of 3,000 suppliers, 60% of which are small and medium-sized enterprises. The F110 frigate program alone is responsible for approximately 9,000 annual jobs.

Separately, TGW Logistics reported a 29% increase in turnover for the 2025/2026 fiscal year, reaching 1.37 billion euros. The intralogistics automation specialist achieved a record order intake of 1.75 billion euros. CEO Henry Puhl announced a goal to approach 2 billion euros in turnover by 2030, supported by a 60 million euro investment in R&D focused on robotics and artificial intelligence.