'Money alone does not build ships,' TKMS CEO says on rival Rheinmetall bid for GNYK

German warship maker TKMS ​has taken note ‌of a rival bid for the ​German Naval Yards (GNYK) ​shipyard from Rheinmetall , its ⁠CEO said, ​adding that while ​the ammunition maker likely had more financial firepower ​it was ​not the only decisive factor.