Industry
Thales signs agreement to buy stake in Exail
French technology company Thales has signed a binding agreement to acquire the Gorgé family’s 35.51% stake in Exail Technologies in a deal valuing the French high-tech group at about €3.9 billion, with plans to pursue a full takeover through a mandatory tender offer.
Fincantieri to buy four underwater technology companies in €600M deal
Italian shipbuilder Fincantieri has reached agreements to acquire majority stakes in four underwater technology companies in a deal worth approximately €600 million, expanding its capabilities in marine drones, underwater communications, geoscience services, and dual-use defense and commercial opera
Fincantieri, Albanian partners sign training pact to support naval shipbuilding
Italian shipbuilder Fincantieri has signed a Memorandum of Understanding (MoU) with Albanian KAYO and Pavarësia Vocational Institute aimed at developing training activities and educational pathways dedicated to shipbuilding and naval construction.
QinetiQ introduces additive manufacturing capability for UK submarine maintenance
QinetiQ has introduced an onsite additive manufacturing capability at HM Naval Base Clyde to help accelerate maintenance and repair work for the Royal Navy’s submarine fleet.
German duo targets containerized mission modules for autonomous naval ops
German defense technology company FLANQ and modular systems specialist Norrenbrock Technik have announced a partnership to co-develop containerized mission modules for autonomous naval operations under FLANQ’s Q-KONTAIN concept.
Terma, MBDA to collaborate on European defense capabilities
Danish defense company Terma and European missile systems manufacturer MBDA have signed a strategic cooperation agreement aimed at strengthening European defense capabilities, industrial resilience, and future export opportunities.
Fincantieri, REPUBLIKORP ink MoU to build naval vessels in Indonesia
Italian shipbuilder Fincantieri and REPUBLIKORP, Indonesia’s largest privately owned defense industrial holding company, through its subsidiary PT Republik Palindo Internasional (RPAL), have signed a Memorandum of Understanding (MoU) establishing a strategic partnership to build naval vessels in Ind
UAE’s EDGE enters European market with launch of new company in France
UAE technology company EDGE Group has launched EDGE Europe, a fully European commercial enterprise, headquartered in Paris.
Kongsberg, DRASS link up on next-gen underwater defense systems
Norwegian defense technology company Kongsberg and Italian subsea engineering firm DRASS have entered into a partnership to develop advanced underwater defense solutions.
Babcock secures bridging contract to support UK’s naval base and submarine fleet
Defense company Babcock has secured a six-month bridging agreement under the Future Maritime Support Program (FMSP) contract with the UK Ministry of Defense (MOD) to maintain continuity of support services for the naval base and nuclear submarine fleet.
Hanwha Ocean enters Greek naval market through partnership with ONEX
South Korea’s Hanwha Ocean has formalized its entry into the Greek naval and maritime defense sector by signing a strategic teaming agreement with Greece’s ONEX Shipyards & Technologies Group, the country’s largest shipbuilding and defense firm.
Naval Group and METLEN team up on submarine and frigate projects
METLEN and Naval Group formalized a Memorandum of Understanding (MoU) at METLEN’s defense facilities in Volos, aiming to explore cooperation on submarine and surface ship projects for international markets.
Saab restructures, launches new naval division
Swedish defense company Saab will consolidate its naval activities into a single business area, merging operations from its Kockums division and parts of the Naval Combat Systems.
FN and Damen to develop next-generation maritime defense solutions
Damen Shipyards Group has signed a memorandum of understanding (MoU) with FN Herstal, laying the foundation for a strategic industrial participation in maritime defense.