Industry
Fincantieri, Edge Group join forces on new naval projects
Edge Group’s entity Abu Dhabi Ship Building (ADSB) has signed an industrial cooperation agreement with Italian shipbuilder Fincantieri at the International Defence Exhibition and Conference (IDEX 2023).
Fincantieri, Leonardo join forces on Hellenic Navy’s projects
Fincantieri and Leonardo have signed a number of further memoranda of understanding (MoU) with potential new Greek suppliers, setting the basis for defining possible long-term business relationships.
Naval Group, PT PAL to collaborate on submarine propulsion solutions
French shipbuilder Naval Group and Indonesian counterpart PT PAL signed a Memorandum of Understanding (MoU) to start the creation of an Indonesian Energy Research Lab
Britain spent billions on new frigates in the last five years
The UK has spent billions of pounds on the Royal Navy’s new Type 26 and Type 31 frigates, data provided by Alec Shelbrooke, Minister of State at the Ministry of Defence, show.
German Naval Yards unveils new corvette design
Shipyard group German Naval Yards will unveil its new corvette design for the first time at this year’s SMM 2022 in Hamburg from September 6-9.
EU to bolster naval projects under €1.2 billion defence investment plan
On 20 July, the European Commission announced plans to grant a total EU funding of almost €1.2 billion supporting 61 collaborative defence research and development projects, including projects from the naval defence sector.
Kongsberg receives contracts for Hugin AUVs
Kongsberg Maritime’s Sensor and Robotics division has revealed that it has secured over NOK 450 million ($44 million) in contracts for Hugin autonomous underwater vehicles (AUV) in the second quarter of 2022.
Royal Navy aims to create one of world’s greenest naval fleets
The Royal Navy is making strides towards creating one of the world’s greenest fleets, from infrastructure in dockyards, the technology on warships and the operations carried out around the globe.
Boeing, partners to support German P-8A Poseidon fleet
Boeing, ESG Elektroniksystem- und Logistik-GmbH and Lufthansa Technik have signed a three-party agreement that reinforces joint efforts to support Germany’s new P-8A Poseidon fleet.
Key contracts signed for Hellenic Navy’s FDI frigate program
On 30 June, at the French Embassy in Greece, French shipbuilding company Naval Group gathered Hellenic industrial partners to sign key contracts and teaming agreements for the Hellenic Navy’s FDI frigate program.
Australia, Naval Group hammer out $830M compensation deal ending submarine dispute
The Australian Government has finalized negotiations with French shipbuilding company Naval Group to conclude the attack class submarine program.
TKMS ups sub building capacity with MV Werften takeover
German shipbuilding company thyssenkrupp Marine Systems (tkMS) is to take over the shipyard location of MV Werften in Wismar to ramp up its shipbuilding capacity and meet the future demand.
Denmark signs agreement to back UK’s Type 31 frigate program
The navies of the UK and Denmark have signed the Type 31 Implementing Agreement to work side-by-side to bring the UK’s next generation of frigates into service.
Royal Navy, US Coast Guard sign LOI to expand cooperation and curb crime
The Royal Navy and US Coast Guard have signed a letter of intent (LOI) to work to expand their combined commitments and work more closely to fight crime and protect the planet.