Industry

TKMS and EDGE ink MoU to boost underwater security

DNV, Fassmer link up on autonomous naval vessels

Kongsberg Maritime to acquire Finnish ice-class propulsion systems maker

TKMS, Fincantieri to expand cooperation in underwater and submarine sector

Babcock strengthens UK-Danish naval partnerships

Diehl Defence, BAE Systems link up on naval systems

Diehl Defence and BAE Systems have signed a memorandum of understanding to jointly develop integrated maritime defense solutions, with an initial...

TKMS and Navantia join hands on submarine projects

German shipbuilder TKMS and Spanish state-owned strategic defense and technology company Navantia have signed a second Memorandum of...

Fincantieri signs contract amendment with OCCAR for U212 NFS program

Italian shipbuilder Fincantieri has signed a contract amendment with OCCAR (Organisation for Joint Armament Co-operation) under the U212 NFS (Near Future Submarine) program

Babcock and LIG D&A team up on AH-140 frigate, missiles and unmanned systems

Babcock and South Korean defense company LIG Defence & Aerospace (LIG D&A) have signed a strategic cooperation agreement aimed at expanding collaboration across naval and defense programmes, including frigate design, weapons systems, maintenance support and unmanned technologies.

UK firms join forces to develop maritime counter-drone air defense system

UK companies Babcock, ACUA Ocean Technologies and Frankenburg Technologies have partnered to develop an integrated maritime counter-uncrewed aerial system (C-UAS) capability, combining autonomous surface vessels, missile technology and launcher systems to address the growing threat of attack drones.

Naval Group, PPC Inspectra team up on Hellenic Navy’s FDI frigates

Naval Group Hellas, the Greek subsidiary of France’s Naval Group, has signed a framework agreement with PPC Inspectra, a subsidiary of the PPC Group accredited by the Hellenic Accreditation System (ESYD), to provide laboratory testing, inspection and certification services in support of the Hellenic

Fincantieri inks two MoUs with Croatian shipbuilders for corvette program

Italian shipbuilding major Fincantieri has signed two Memoranda of Understanding (MoUs) with Croatian shipbuilding companies Brodotrogir Cruise and Iskra Shipyard as part of the company’s participation in the naval acquisition program for two multi-role corvettes (MRC).

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