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Business & Finance

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German Navy drops out of Mediterranean Sea operation Sophia
Business & Finance

German Navy drops out of Mediterranean Sea operation Sophia

German Navy units will no longer be taking part in operation Sophia – an EU-led effort to tackle migrant smugglers in the Mediterranean sea, German officials have announced. Bremen-class frigate FGS Augsburg is currently deployed to operation Sophia and will not be replaced by another German Navy sh

about 7 years ago
Malta signs deal for second offshore patrol vessel
Business & Finance

Malta signs deal for second offshore patrol vessel

The Armed Forces of Malta have signed a €35 million contract for the construction of a second purpose-built offshore patrol vessel that will be used in patrolling Malta’s territorial waters. The new vessel will complement the Diciotti-class patrol vessel P61 which was built in 2005 and a former Iris

about 7 years ago
BAE Systems gets $79.8m for US Navy C4I support
Business & Finance

BAE Systems gets $79.8m for US Navy C4I support

BAE Systems announced it has received a $79.8 million contract to assist the US Navy in maintaining and operating multiple electronic, communication, and computing platforms. The program, which supports the Naval Computer and Telecommunications Area Master Station, Pacific, will enable BAE Systems t

about 7 years ago
Australia, US kick off anti submarine warfare exercise Sea Dragon in Guam
Business & Finance

Australia, US kick off anti submarine warfare exercise Sea Dragon in Guam

The US Navy and Australian Air Force kicked off the annual anti-submarine warfare exercise Sea Dragon on January 14. The multilateral exercise is based out of Andersen Air Force Base, Guam, with this year’s event running until Jan. 25. Participating US units will include Patrol Squadron (VP) 47, VP-

about 7 years ago
Australian frigate lands CMF’s first drug seizure of 2019
Business & Finance

Australian frigate lands CMF’s first drug seizure of 2019

Royal Australian Navy frigate HMAS Ballarat seized over 3.1 tons of hashish in the Arabian Sea during an operation that took place on January 8 and 9. The seized drugs are worth an estimated $155 million and are the first narcotics seized by a Combined Maritime Forces member in 2019. The fishing ves

about 7 years ago
EU Commission to look into Fincantieri’s takeover of Chantiers de l’Atlantique
Business & Finance

EU Commission to look into Fincantieri’s takeover of Chantiers de l’Atlantique

The European Commission announced it would examine Fincantieri’s proposed acquisition of Chantiers de l’Atlantique (formerly known as STX France) following a request submitted by France and Germany. The transaction could harm competition at European and global level, the commission said adding that

about 7 years ago
Indian Navy escorts its first WFP vessel in Somalian waters
Business & Finance

Indian Navy escorts its first WFP vessel in Somalian waters

An Indian Navy frigate reached a milestone recently as it became the first Indian warship to escort a vessel of UN’s World Food Program. INS Sunayna completed the escort for the first time since counter-piracy deployments began in 2008, following an escort request by EU NAVFOR. A WFP dhow was transp

about 7 years ago
Kratos secures Royal Saudi Navy training contract
Business & Finance

Kratos secures Royal Saudi Navy training contract

Kratos Defense & Security Solutions announced it has been awarded a follow on task order (TO) to provide training-related products and services in a variety of disciplines to the Royal Saudi Naval Forces (RSNF), the Naval Force of the Kingdom of Saudi Arabia. Awarded by the Naval Air Warfare Center

about 7 years ago
After calls for Black Sea FONOPS, US to support Ukraine Navy with $10m investment
Business & Finance

After calls for Black Sea FONOPS, US to support Ukraine Navy with $10m investment

The US state department announced on Friday it would support the development of Ukraine’s naval capabilities with $10 million in foreign military financing (FMF). FMF enables eligible nations to purchase US-produced military equipment, services, and training. The department said the investment was i

about 7 years ago
New Papua New Guinea Pacific patrol boat completes trials
Business & Finance

New Papua New Guinea Pacific patrol boat completes trials

Papua New Guinea Defence Force’s new Pacific patrol boat Ted Diro has completed sea trials, one week after its delivery. The boat passed the initial sea-readiness evaluation with support from the Australian Navy’s Sea Training Unit – Defence Cooperation Program. Commander Sea Training Defence Cooper

about 7 years ago
Australia’s lead AWD destroyer returns from weapons, systems trials off US coast
Business & Finance

Australia’s lead AWD destroyer returns from weapons, systems trials off US coast

Air warfare destroyer HMAS Hobart, the first Royal Australian Navy Aegis-equipped ship, returned home after wrapping up weapons and systems trials with the United States Navy off the US West Coast. Hobart returned to Sydney after spending three months in the US. In addition to testing the Aegis syst

about 7 years ago
HII gets funds for two more US Coast Guard National Security Cutters
Business & Finance

HII gets funds for two more US Coast Guard National Security Cutters

The US Coast Guard has awarded Huntington Ingalls Industries’ Ingalls Shipbuilding division two fixed-price incentive contracts for the construction of additional two National Security Cutters. The contract values for the a 10th and 11th ships in the program are $468.75 million for NSC 10 and $462.1

about 7 years ago
Thales teams with Aquabotix for Australian autonomous MCM solution
Business & Finance

Thales teams with Aquabotix for Australian autonomous MCM solution

Thales and Aquabotix announced they are joining forces to design and develop a rapidly deployable mine counter measures (MCM), rapid environment assessment (REA) and military hydrographic autonomous system mission solution. The project is a collaboration with Australian Academia and SMEs including t

about 7 years ago
Corruption probe spoils German training ship’s 60th birthday celebration, threatens its return to sea
Business & Finance

Corruption probe spoils German training ship’s 60th birthday celebration, threatens its return to sea

A ceremony to mark 60 years of service of German Navy sail training ship Gorch Fock has been postponed indefinitely amid a corruption probe related to the ship’s €135 million refit that is currently underway. In an announcement on December 11, the German Navy said a high-profile 60th anniversary cer

about 7 years ago
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