Capital Investments

Sweden picks French design for new Luleå-class frigates
The Swedish government has completed a down-select process, choosing France’s Naval Group as the preferred supplier for Sweden’s next-generation frigates under the Luleå-class program.

Navantia, KNS to provide life-cycle support for Norway’s F-310 frigates
Navantia and Kongsberg Naval Services (KNS) have signed a framework agreement in Bergen establishing a long-term contractual basis for industrial and technical cooperation in the support, maintenance, modification, and modernization of the Royal Norwegian Navy’s F-310 Fridtjof Nansen-class frigates.

Keel laid for Russia’s new Project 22350 frigate Admiral Gromov
A ceremonial keel-laying ceremony for the Project 22350 frigate Admiral Gromov has taken place at Severnaya Verf Shipyard.

Thales and BAE Systems to integrate new sensor system on Herne XLAUV
Defense companies Thales and BAE Systems have decided to collaborate on the integration of a new intelligence, surveillance and reconnaissance (ISR) mast system intended for use on the Herne extra-large autonomous underwater vehicle (XLAUV).

UK’s Type 31 frigate program hit by £140M cost adjustment amid rework challenges
Royal Navy’s Type 31 frigate program has been hit by a £140 million cost adjustment, after contractor Babcock International identified higher-than-expected rework and productivity issues during construction of the vessels.

Saab and PGZ Group deepen defense ties with new naval cooperation pact
Swedish defense company Saab has entered into a strategic collaboration agreement in the naval domain with the PGZ Group, Poland’s largest defense corporation.

Turkish Navy’s new type landing ship enters service
The first vessel of Türkiye’s New Type Landing Craft Tank (YLCT) project, TCG Ç-159, has officially entered service with the Turkish Naval Forces following an accelerated construction program completed in just 18 months.

Navantia advances construction of Spanish Navy’s underwater intervention maritime action vessel
Spanish shipbuilder Navantia has carried out the lowering into dry dock of macrostructure 300 of the Spanish Navy’s maritime action vessel for underwater intervention (BAM-IS).

Iran issues warning as UK deploys its destroyer for potential Strait of Hormuz mission
The UK has deployed the Royal Navy Type 45 destroyer HMS Dragon to the Middle East as part of preparations for a potential multinational mission.

Canada, Finland and US push forward on next-gen icebreaker program
Canada, Finland and the United States have advanced cooperation under the Icebreaker Collaboration Effort (ICE Pact), reinforcing efforts to expand Arctic and polar icebreaker production capacity.

German Navy to get modernized RHIBs for F126 frigate fleet
The German Navy’s F126 frigate program has reached a new milestone following a major contract amendment that will see the fleet equipped with modernized rigid-hulled inflatable boats (RHIBs).

L3Harris to provide ship management system for Polish Navy’s Miecznik frigates
L3Harris has been selected to support the Polish Navy’s operational capabilities and maritime defense with a ship management system for the new Miecznik-class frigates.

World’s largest aircraft carrier hosts high-level visit in Mediterranean (PHOTOS)
The world’s largest aircraft carrier, USS Gerald R. Ford (CVN-78), hosted a high-level US Navy visit while operating in the Mediterranean Sea on May 5, 2026.

UK plans joint naval alliance with nine European countries as ‘complement’ to NATO
The UK has unveiled plans for a new multinational maritime force with nine European allies, aiming to strengthen collective deterrence and operational readiness in the North Atlantic and High North.