Lockheed Martin has signed a definitive agreement to acquire Ultra Maritime from Advent for $3.45 billion, expanding its portfolio of undersea warfare and anti-submarine warfare (ASW) capabilities for US and allied naval forces.
Canada has selected German shipbuilding major TKMS as the preferred supplier for its Canadian Patrol Submarine Project (CPSP), paving the way for the potential acquisition of up to twelve Type 212CD submarines.
The Royal Navy has set out a major shift in its future force structure, replacing plans for the Type 32 frigate program with a “Hybrid Navy” approach built around a mix of crewed and uncrewed vessels.
French technology company Thales has signed a binding agreement to acquire the Gorgé family’s 35.51% stake in Exail Technologies in a deal valuing the French high-tech group at about €3.9 billion, with plans to pursue a full takeover through a mandatory tender offer.
French electro-optical and infrared surveillance specialist HGH has secured a major contract from EDGE Group’s naval arm, Abu Dhabi Ship Building (ADSB), to equip eight offshore patrol vessels (OPVs) for the Kuwait Navy’s Al Dorra program with its infrared surveillance systems.
Italian shipbuilder Fincantieri has reached agreements to acquire majority stakes in four underwater technology companies in a deal worth approximately €600 million, expanding its capabilities in marine drones, underwater communications, geoscience services, and dual-use defense and commercial opera
Spanish shipbuilder Navantia has laid the keel for the eighth Avante 2200 corvette for the Royal Saudi Naval Forces at the San Fernando shipyard.
The Royal Navy has launched a strike-capable drone from its experimentation ship XV Patrick Blackett, during recent trials off the south coast of England.
The Danish Defence Acquisition and Logistics Organization (DALO) has signed a contract with Orlogsskibe Danmark, a consortium comprising OSK Design, Karstensens Skibsværft, and Hvide Sande Shipyard, for the construction of four marine environmental protection and minelaying vessels.
The United States Coast Guard (USCG) has finalized two contracts for the construction and delivery of six Arctic security cutters (ASCs).
US-based autonomous maritime systems company Saronic has launched Mirage, a 15.8-meter autonomous surface vessel (ASV), expanding its portfolio of uncrewed vessels.
Hanwha Ocean and Thordon Bearings have signed a strategic Memorandum of Understanding (MOU) to explore the benefits of cooperating on the...
The UK government has announced the Defence Investment Plan (DIP), backed by nearly £298 billion over the next four years, including an additional £15 billion in new funding, aimed at accelerating military modernization, expanding nuclear capabilities, and increasing the use of autonomous systems an
South Korean shipbuilding major Hanwha Ocean has been selected as the preferred bidder for the detailed design and construction of the lead ship under South Korea’s next-generation KDDX destroyer program.
