By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) - Industrial conglomerate Thyssenkrupp raised its free cash flow outlook on Thursday due to a strong performance at its warship division,

Thyssenkrupp shares rose sharply after the German industrial company lifted its cash-flow guidance on the back of surging orders at its marine systems business.

Thyssenkrupp shares rose as much as 11% after raising its full-year free cash flow guidance following a strong performance at its marine systems business.

Industrial conglomerate Thyssenkrupp on Thursday raised its closely watched outlook for free cash flow, citing 1 billion euros ($1.04 billion) in advance payments relating to a major submarine order by the German military.

Investing.com -- Thyssenkrupp (ETR: TKAG) saw its shares pop 9% in European trading Thursday after the company raised its free cash flow (FCF) outlook, driven by strong performance in its warship division amid heightened security focus following the Ukraine war.