Search results for: deal

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  • 11 November 2015
    Authorities, Equipment & technology

    Australian Government and Serco Group have reached an agreement to amend the terms of the company’s contract to provide in-service support to the Navy’s fleet of Armidale Class Patrol Boats (ACPB).  The company has negotiated to shorten the onerous contract which previously ran to 2022. According to the company’s statement the contract will now end in 2017. Under the terms […]

  • 25 November 2011
    Industry news

      A consortium led by Sekunjalo Investments has been awarded a five-year contract worth an estimated R1bn by the department of agriculture, forestry and fsheries. The deal is expected to accelerate broad-based participation in Cape Town’s maritime industry. Under the deal the consortium, which includes Sekunjalo Industrial Holdings (a subsidiary of Sekunjalo) and ship-building company […]

  • 8 March 2019
    Authorities, Industry news

    South Korea’s Hyundai Heavy Industries (HHI) has signed a formal deal for the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME), thereby creating a global naval and commercial shipbuilding giant. The deal was reported by the news agency Yonhap which said that the merger of the two South Korean shipbuilders would create an entity with a 20 […]

  • 7 February 2011

    US defense contractor Northrop Grumman expects India to seal a deal to spend $11 billion on new fighter jets by the end of this year, as it… [mappress] Source: indianexpress, February 7, 2011;

  • 3 August 2017
    Authorities, Industry news

    A €5 billion deal between Italy and Qatar for the construction of seven navy vessels is now official following an announcement made by Qatar’s foreign minister on Wednesday. “I am pleased to announce the conclusion of a deal between the Qatari Emiri Naval Forces to buy seven naval units from Italy in the context of […]

  • 17 September 2015
    Authorities, Equipment & technology, Research & Development

    General Dynamics Electric Boat Corp., Groton, Connecticut, is being awarded a $321,7 million modification to previously awarded contract to exercise the option for design agent, planning yard, engineering and technical support for active nuclear submarines. The efforts provide for drawings and related technical data; design change documentation; logistics technical data; configuration management; hull, mechanical and electrical engineering; […]

  • 30 June 2014
    Authorities, Industry news

    Defence and security company Saab has on June 29 entered into an agreement with ThyssenKrupp Industrial Solutions AG regarding the acquisition of ThyssenKrupp Marine Systems AB (TKMS AB, formerly Kockums).   This acquisition is in line with Saab’s ambition to increase its capabilities in the naval domain. This move further strengthens Saab’s status as a […]

  • 11 May 2017
    Authorities, Equipment & technology, Industry news

    Pakistan is acquiring four Turkish Project MILGEM corvettes while Turkey is buying 52 Pakistani Super Mushshak training planes under agreements signed during the 2017 IDEF defence exhibition in Istanbul, on May 10. Karachi Shipyard & Engineering Works Limited (KSEW) from Pakistan, signed a letter of intent (LOI) with Turkish STM for the corvette-construction. According to an announcement from the […]

  • 18 July 2011
    Industry news

      Germany and Israel have sealed the deal which provides Israel with its sixth Dolphin-class nuclear-capable submarine. Germany will subsidize… By Gil Ronen (israelnationalnews) [mappress] Source: israelnationalnews, July 18, 2011;

  • 3 December 2014
    Authorities, Equipment & technology, Research & Development

    Naval Facilities Engineering Command (NAVFAC) Southeast awarded a $7.72 million firm-fixed-price task order Nov. 21 for the refurbishment of Taurman Avenue electrical substation at Naval Station (NS) Guantanamo Bay, Cuba. Islands Mechanical Contractor, Inc., a small business based in Middleburg, Florida, was awarded the contract. NS Guantanamo Bay Commanding Officer Capt. J.R. Nettleton said: The […]

  • 6 October 2015
    Authorities, Equipment & technology, Research & Development

    Crowley Maritime Corp.’s government services group has been awarded a new technical management contract for five U.S. government-owned, Military Sealift Command (MSC) Roll-On/Roll-Off and container ships (ROCON). Under the approximately $130 million contract, Crowley will provide full turnkey operation and management of the fleet, including crewing and scheduled/unscheduled repair and drydocking services initially for one […]

  • 9 January 2017
    Authorities, Industry news

    The UK Ministry of Defense has signed a five-year deal worth £271 million with Leonardo Helicopters to continue support work on the Wildcat helicopters. The MOD hailed the deal as one that would sustain approximately 500 jobs, primarily at Leonardo’s facilities in Yeovil and Royal Naval Air Station Yeovilton. Yeowilton is the home of Wildcat training […]

  • 25 May 2017
    Authorities, Training & Education

    Western Australia Police and the Australian Navy recently took part in ‘active shooter’ threat drills at HMAS Stirling to boost their security response capabilities. Working with the Rockingham Local Area Command, Naval Police Coxswains and Boatswains were equipped with practical strategies to quickly assess the type and severity of a threat, and to respond appropriately. Warrant […]

  • 5 September 2014

    Boustead Heavy Industries Corp Bhd (BHIC) has finalized an in-service support (ISS) deal for two Scorpene submarines for the Royal Malaysian Navy.   The deal was first announced by the Government of Malaysia in August 2010. The contract value remained the same as in the original Letter of Award at RM1.31 billion (EUR 193 million and RM532 […]

  • 18 March 2019
    Authorities, Vessels

    Spain could buy BAE Systems-built assault amphibious vehicles(AAV) following a US State Department approval for the possible sale of 11 AAVs to the European country. As outlined in the approval, announced on March 15, Spain is looking to buy 11 AAVs in three different configurations under a deal that would be worth an estimated $107 […]

  • 14 January 2015
    Training & Education

    Royal Navy Submariners have spent a week in the fires of hell to ensure they can deal with the biggest threat to the Silent Service. Despite the public perception of submarines, fire – or rather smoke – will knock you out long before your boat floods. So experienced submariners from across the RN Submarine Service […]

  • 17 October 2016
    Authorities, Equipment & technology, Industry news

    China Shipbuilding Industry Corporation, one of two biggest shipbuilding conglomerates in China, confirmed that a project to export eight attack submarines to Pakistan has been initiated. The corporation held a conference to discuss details of the arrangement, the China People’s Daily news site reported quoting China Shipbuilding Online. There have been talks of the China-Pakistan cooperation on […]

  • 28 July 2017
    Authorities, Industry news

    French Economy Minister Bruno Le Maire on Thursday announced the country is temporarily nationalizing Europe’s only only shipyard capable of building aircraft carriers in a bid to find a better shareholder deal. This means that Italian shipbuilder Fincantieri, who earlier signed a heads of agreement deal with France, will not be taking over the STX shipyard […]

  • 24 September 2015
    Authorities, Equipment & technology

    French and Egyptian officials have concluded a contract for two Mistral-class ships in Paris, September 23. French president Francois Hollande has confirmed in an announcement that the Mistral helicopter carriers, which had initially been built for Russia, will be sold to Egypt. Following the high-profile meeting, Reuters quoted Hollande as saying: Yesterday, I agreed the price […]

  • 24 October 2016
    Authorities, Industry news

    South Korean shipbuilder Hyundai Heavy Industries (HHI) announced today that it signed a contract to build two 2,600 ton frigates for Philippine Navy. The frigates will be designed as a smaller version of the Incheon-class frigate which is already in service with the Republic of Korea Navy. According to HHI, the 107 meter frigates will be propelled with a […]

  • 12 September 2013
    Authorities, Training & Education

    “Somalia is open to further cooperation with the European Union in the area of maritime security”, said President Hassan Sheik Mohamoud of Somalia last week while on board HNLMS Johan de Witt on the Indian Ocean in a position close to the capital city of Mogadishu. The president sees this type of cooperation as part […]

  • 28 September 2015
    Authorities, Equipment & technology, Research & Development

    San Diego-based General Atomics was awarded a USD 29,6 million deal for the material and labor necessary to manufacture, assemble, inspect, integrate, test and checkout the on-board repair parts in support of the electromagnetic aircraft launch system (EMALS) and advanced arresting gear on the PCU Gerald R. Ford, CVN 78. The majority of work will be […]

  • 2 July 2014
    Authorities, Equipment & technology, Research & Development

    Lockheed Martin Space Systems Co., Sunnyvale, California, is being awarded a $19,9 million unpriced-letter contract for long-lead material and the labor, planning and scheduling necessary to support the fiscal 2015 Trident II D-5 missile production schedule.   Work will be performed at Sunnyvale, California, with an expected completion date of Sept. 30, 2019. Fiscal 2014 […]

  • 5 February 2018
    Authorities, Industry news

    Italy’s Fincantieri announced it has signed a share purchase agreement for the acquisition of 50% of the share capital of STX France from the French state. The agreement provides for a purchase price of euro 59.7 million (approx. USD$74M). The signing takes place after the resolution of the share purchase agreement previously signed between Fincantieri and […]

  • 13 November 2014
    Authorities, Research & Development

    General Dynamics Electric Boat Corp., Groton, Connecticut, is being awarded a $6,7 million cost-plus-fixed-fee, level of effort contract for the operation, maintenance and protection of the floating dry dock Shippingport (ARDM 4). This contract includes options which, if exercised, would bring the cumulative value of this contract to $35,334,504. Work will be performed in Groton, Connecticut, and […]

  • 29 September 2014
    Authorities, Equipment & technology, Research & Development

    Naval Facilities Engineering Command (NAVFAC) Marianas awarded Guam Pacific International, Barrigada, Guam, a $9 million multiple award construction contract Sept. 26, for repairs on explosive magazines at Naval Magazine, Naval Base Guam.   NAVFAC Marianas, Guam, is the contracting activity. The work to be performed provides for the repair of 18 high explosive magazines. Repairs […]

  • 26 August 2014
    Authorities, Equipment & technology, Research & Development

    Raytheon Missile Systems, Tucson, Arizona, is being awarded an $8,4 million modification to a previously awarded contract for Standard Missile-2 (SM-2) and Standard Missile-6 (SM-6) engineering and technical services.   This contract combines purchases for the U.S. Navy (84.5) and Japan (15.5 percent). Work will be performed in Tucson, Arizona (86 percent); Maizura, Japan (11 percent); Huntsville, […]

  • 18 August 2014
    Authorities, Equipment & technology, Research & Development

    BAE Systems San Diego Ship Repair, San Diego, California, is being awarded a $7,3 million modification to a previously awarded cost-plus-award-fee contract for the USS Ardent (MCM 12) fiscal 2014 selected restricted availability (SRA).   A SRA includes planning and execution of depot-level maintenance, alterations, and modifications that will update and improve the ship’s military and technical […]

  • 8 August 2014
    Authorities, Equipment & technology, Research & Development

    Australian national submarine platform system integrator, ASC Pty Ltd, has been recontracted to provide maintenance on the Royal Australian Navy’s (RAN) fleet of six Collins Class submarines.   ASC’s Interim Chief Executive Officer, Mr Stuart Whiley, said that in fact ASC has just signed a contract extension with the Federal Government to continue to perform […]