FRANKFURT, Oct 20 (Reuters) - Warship builder TKMS

will make its stock market debut in Frankfurt on

Monday, the latest move by parent Thyssenkrupp to

simplify its structure and take advantage of growing demand

globally for defence assets.

Shares in the company will start trading around 0700 GMT on

Frankfurt's stock exchange in a spin-off from Thyssenkruppthat

will see the German conglomerate keep a 51% stake in TKMS, with

the rest being distributed to its investors.

TKMS, which traces its roots back 187 years, is the world's

largest builder of non-nuclear submarines, frigates and

underwater technology including mine-sweeping systems, at its

Atlas Electronics division.

Parent Thyssenkrupp is spinning off TKMS as it tries to cash

in on soaring demand for defence equipment in light of Russia's

ongoing aggression in Ukraine and U.S. pressure on Europe to

take military matters into its own hands.

It also coincides with deliberations by Franco-German

defence supplier KNDS over an initial public offering in the

coming months, reflecting soaring investor appetite for defence

pure plays.

TKMS, which employs more than 9,100 staff globally, last

month held its first capital markets day, releasing margin

targets that some investors said were not ambitious enough when

compared with rivals such as Britain's BAE, Germany's

NVL and France's Naval Group.

Initially starting out as a maker of steam engines and

railroad cars in the early 1800s, later iterations of the

company made Germany's first submarine, the so-called

Brandtaucher, as it sought to better compete with Denmark's

navy.