Industry

Babcock, Hanwha Ocean pen strategic cooperation agreement for naval market
UK defense company Babcock has signed a strategic cooperation agreement with South Korean shipbuilding company Hanwha Ocean to further develop opportunities in the global naval market.

AUKUS trio to fast-track development of hypersonic technologies under new ‘landmark’ deal
The U.S. Department of Defense (DoD), along with the Australian Department of Defence and the United Kingdom Ministry of Defence (MOD), have signed an agreement to enhance testing of hypersonic vehicles and accelerate the implementation of related technologies. Under AUKUS Pillar II, the three natio

Serco inks $97 million contract to support US naval shipyards
Serco has secured a new, five-year contract worth $97 million (£74 million) to provide program management and business performance improvement support to Naval Sea Systems Command (NAVSEA).

NAVAL QUÉBEC and LEVIATAD consortium strengthen ties in naval defense sector
NAVAL QUÉBEC and LEVIATAD consortium have signed a memorandum of understanding designed to strengthen transatlantic collaborations in the naval defense sector.

Construction starts on Italian Navy’s first new offshore patrol vessel
The steel-cutting ceremony for the first of four next-generation offshore patrol vessels (OPVs) that shipbuilder Fincantieri will build for the Italian Navy took place at the Riva Trigoso shipyard in Genoa on September 24.

Austal scores $450 million deal to expand submarine module production capacity
Austal USA has been awarded a $450 million (approx. A$670 million) contract by General Dynamics Electric Boat to expand production capacity at its US shipyard in support of the US Navy’s Submarine Industrial Base (SIB).

AUKUS partners strengthen ties with another agreement
Australia, the United Kingdom and the United States have reached another significant AUKUS milestone, with the signing of an agreement to enable cooperation that is essential to Australia’s capacity to safely build, operate and maintain a conventionally‑armed, nuclear-powered submarine capability.

BAE Systems: New shipbuilding facility named after female WWII shipyard electrician
BAE Systems’ new shipbuilding hall, set to transform shipbuilding in Glasgow, has officially been named the Janet Harvey Hall.

AUKUS partners strengthen ties in Western Australia
The Chiefs of Navy for Australia, the United Kingdom, and the United States have strengthened their naval ties during a visit to HMAS Stirling in Western Australia.

HII and Babcock’s new joint venture to speed up Australia’s nuclear-powered submarine program
Defense companies HII and Babcock have launched a new joint venture and company – H&B Defence – to focus on accelerating the development of the AUKUS nuclear-powered submarine program.

Fincantieri and Qatar Emiri Naval Forces forge strategic partnership
Italian shipbuilder Fincantieri and the Qatar Emiri Naval Forces (QENF) have signed a Memorandum of Understanding (MoU) in Doha aimed at starting discussions about QENF personnel’s education and training patterns.

Italian shipbuilding giant partners with UAE’s defence firm to create €30B JV
Italian shipbuilding major Fincantieri and defence company EDGE Group have entered into a term sheet aimed at creating a joint venture (JV) that will focus on manufacturing a broad range of sophisticated naval vessels.

EUROGUARD semi-autonomous surface naval vessel project kicks off in Estonia
The EUROGUARD project which aims to develop a modular and semi-autonomous surface vessel platform equipped with a remote control system has officially commenced in Estonia.

thyssenkrupp Marine Systems, Thales form consortium to modernize Hellenic Navy MEKO 200 frigates
French multinational company Thales and Germany’s naval shipbuilding company thyssenkrupp Marine Systems have joined forces to form a consortium for the planned modernization program of the Hellenic Navy MEKO 200 frigates.