German defense giant TKMS has signed a Memorandum of Understanding (MoU) with India’s VEM Technologies for cooperation in the area of submarine weapons technologies.
Italian shipbuilding major Fincantieri and Polska Grupa Zbrojeniowa (PGZ) have signed a Memorandum of Understanding (MoU) to collaborate in the naval defense sector.
The Chilean Navy has demonstrated a ‘first-of-its-kind’ operation by fueling a naval vessel, a motorboat from the Hydrographic and Oceanographic Service (SHOA), with e-fuel, a carbon-neutral synthetic gasoline produced by international electrofuel company HIF Global.
Vigor Marine Group has joined forces with South Korean shipbuilding major Samsung Heavy Industries (SHI) to bring expanded forward-deployed maintenance, repair, and overhaul (MRO) capacity to the Indo-Pacific region.
Blue Water Autonomy has secured $50 million in Series A funding, led by GV, to support the construction of unmanned 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.
Swedish company Saab has acquired local submarine parts supplier Deform to strengthen the security of supply for the Swedish defense industry.
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.
Austal has finalized a strategic shipbuilding agreement with the Australian Government.
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.
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).
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.
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.
The U.S., Australian, and Japanese officials have signed a naval logistics agreement to further enhance logistics interoperability among their maritime forces.
