Industry
Blue Water Autonomy lands $50M in funding to support unmanned vessel production
Blue Water Autonomy has secured $50 million in Series A funding, led by GV, to support the construction of unmanned vessels.
Anglo-German duo unites to chart future of autonomous surface vessels
British defense company Kraken Technology and German shipbuilder NVL Group have formed an Anglo-German joint venture (JV) alliance to accelerate the development and scale production of autonomous surface vessel capabilities.
Saab buys submarine equipment provider
Swedish company Saab has acquired local submarine parts supplier Deform to strengthen the security of supply for the Swedish defense industry.
Thyssenkrupp approves spin-off of TKMS
Thyssenkrupp AG has approved the spin-off of the company’s marine business, thyssenkrupp Marine Systems (TKMS), paving the way for a new, publicly listed player in the maritime defense market.
Australia signs strategic shipbuilding agreement with Austal
Austal has finalized a strategic shipbuilding agreement with the Australian Government.
BWXT wins $2.6 billion in contracts for US Navy’s naval nuclear reactor components
BWX Technologies (BWXT) has received US Naval Nuclear Propulsion Program contracts totaling approximately $2.6 billion, including future year options, for manufacturing naval nuclear reactor components.
Rolls-Royce sells naval propulsors units to FMD
British multinational aerospace and defense company Rolls-Royce has completed the sale of its naval propulsors business to US engine supplier Fairbanks Morse Defense (FMD).
LR secures in-service submarine contract for Royal Navy’s submarines
Classification society Lloyd’s Register (LR) has secured a 12-month in-service submarine support contract from the UK Ministry of Defense (MOD) through the Aurora Framework.
New steel pact aims to fuel Canadian Coast Guard’s icebreaker construction
Seaspan Vancouver Shipyards (Seaspan) has signed a Memorandum of Understanding with Stigterstaal Canada and Algoma Steel to explore a strategic partnership aimed at reestablishing a domestic steel supply chain.
Australia, US and Japan sign naval logistics agreement
The U.S., Australian, and Japanese officials have signed a naval logistics agreement to further enhance logistics interoperability among their maritime forces.
US Navy welcomes first upgraded P-8A Poseidon aircraft from L3Harris
The US Navy has taken delivery of the first overhauled P-8A Poseidon aircraft from American tech company L3Harris Technologies.
Thales and Kongsberg to set up ‘major’ defense communications joint venture
French defense tech giant Thales and Norwegian defense supplier Kongsberg Defence & Aerospace have signed an agreement to set up a joint venture company in secure communications.
Civmec to buy Luerssen Australia
Multidisciplinary construction and engineering services provider Civmec has entered into a binding agreement to acquire 100% of the shares in Luerssen Australia from NVL Australia (NVL).
Leonardo and Baykar launch new UAS company in Italy
Leonardo and Turkish defense tech company Baykar Technologies have established a joint venture dedicated to the development of unmanned technologies.