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Industry Update |
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Rolls-Royce delivers fin stabilisers for UK's aircraft carrier
Rolls-Royce has delivered its Neptune stabilising fins to BVT Surface Fleet's shipyard in Govan for installation in the hull section of the UK Royal ...
27-Oct-2009
Atlas Elektronik establishes new subsidiary in South Korea
Naval systems manufacturer Atlas Elektronik has established a new subsidiary in Yangsan City, South Korea, the company announced on 23 October. The new entity,...
27-Oct-2009
Abu Dhabi MAR and ThyssenKrupp plan naval construction JV
German shipbuilder ThyssenKrupp Marine Systems (TKMS) has signed a memorandum of understanding with United Arab Emirates-based Abu Dhabi MAR Group. The partnership will establish...
23-Oct-2009
VT Group to sell 45% of BVT Surface Fleet
Shareholders of VT Group have approved the disposal of the company's 45 per cent shareholding BVT Surface Fleet Limited, thus clearing one of the ...
19-Oct-2009
Raytheon wins Canadian frigate navigation radar contract
The Canadian Navy's Halifax-class frigates are to be fitted with Raytheon NSC X-band and S-band navigation radar systems under a USD7 million contract awarded ...
13-Oct-2009
BVT to rebrand following VT exit
BAE Systems is to rebrand BVT Surface Fleet as BAE Systems Surface Ships following VT Group's imminent divestment from the shipbuilding and support joint ...
06-Oct-2009
Atlas Elektronik and QinetiQ complete underwater systems trade
Defence technology company QinetiQ completed the GBP23.5 million (USD37.5 million) sale of its Winfrith-based underwater systems business to Atlas Elektronik UK on 1 October ...
02-Oct-2009
Thailand expresses interest in South Korean Type 209 submarines
An increase in acquisitions of submarines by Southeast Asian countries is prompting Thailand to step up a gear in its bid to procure its ...
25-Sep-2009
VT's exit from BVT Surface Fleet marks end of an era
VT Group has signed a legally binding contract with BAE Systems to sell the former's stake in BVT Surface Fleet Limited, ending VT Group's 136-year...
25-Sep-2009
Atlas Elektronik to provide combat system for Korea's new submarines
Atlas Elektronik has been awarded its largest ever single order from Howaldtswerke-Deutsche Werft (HDW) to provide the ISUS 90-61 combat system for the Republic ...
15-Sep-2009
Pipavav looks to public share offering to fund expansion
India's Pipavav Shipyard is to launch an initial public offering (IPO) on 16 September in a bid to fund its expansion into the naval...
14-Sep-2009
DCNS and Navantia close to resolving submarines dispute
European shipbuilders Navantia and DCNS are close to announcing a resolution to their long-running dispute concerning their submarine designs, sources familiar with the matter ...
11-Sep-2009
QinetiQ confirms it is still firmly in the sub-surface market
UK defence technology group QinetiQ has stressed that its submarine and wider naval activities are far from winding down, following news of the proposed sale...
02-Sep-2009
Electric Boat to upgrade Springfield
General Dynamics has been awarded a USD42.1 million US Navy contract to perform modernisation and routine maintenance work on the Los Angeles-class submarine USS...
21-Aug-2009
China's leading shipbuilder sees profits slump
The China State Shipbuilding Corporation (CSSC), the country's largest naval shipbuilder, posted net profits of CNY1.2 billion (USD175 million) during the first half of ...
12-Aug-2009
Telephonics to provide IFF system for Halifax upgrade
Lockheed Martin Canada has awarded Telephonics Corporation a USD16.3 million contract to provide an identification friend or foe (IFF) interrogator system for Canada's Halifax-class ...
12-Aug-2009
Australian partners join ITT for destroyer ESM bid
ITT Corporation has partnered with two Australia-based companies, Jenkins Engineering Defence Systems and Avalon Systems, to compete for contracts to provide electronic warfare systems ...
12-Aug-2009
Larsen & Toubro commits to defence at new facility
Private Indian firm Larsen & Toubro has stated that it will build only defence vessels at the shipbuilding facilities that it is planning to ...
07-Aug-2009
Australia seeks home-grown input for submarine study
Australia's Department of Defence (DoD) will issue a request for tender (RfT) to domestic companies to participate in a design study for the Royal ...
06-Aug-2009
Owners prepare to list Pipavav Shipyard
Indian engineering companies Punj Lloyd and Sea King Infrastructure are considering a plan to resume a process of publicly listing their co-owned shipbuilder, Pipavav...
05-Aug-2009
Mitsubishi Heavy Industries sees sales plunge
Shipbuilding sales fell by 50 per cent as Japan's leading military manufacturer, Mitsubishi Heavy Industries (MHI), posted total revenues of JPY603 billion (USD6.35 billion) ...
03-Aug-2009
*EID wins Spanish control system contract
Spain's four Meteoro-class BAM (Buques de Acción Marítima) offshore patrol vessels will be fitted the ICCS 5 (Integrated Communications and Control System) supplied by ...
31-Jul-2009
Fincantieri and ABB join forces on marine automation systems
Italian shipbuilder Fincantieri and global automatic systems manufacturer ABB have created a joint venture company, Seastema, for the design, development and construction of marine ...
28-Jul-2009
Saab files NSM lawsuit
Sweden's Saab group has filed a lawsuit against the Polish Ministry of Defence (MoD) and Norway's Kongsberg Defence Systems contesting the MoD's decision to ...
28-Jul-2009
BVT and ADSB form naval support joint venture
Abu Dhabi Ship Building (ADSB) and UK-based warship building and support services group BVT Surface Fleet have stood up Gulf Logistics and Naval Support LLC...
27-Jul-2009
Navantia sinks back into the red in 2008
Spanish naval shipbuilder Navantia has reported losses of EUR51.12 million (USD72.5 million) for Financial Year 2008 (FY08): a year after it announced its first ...
22-Jul-2009
HHI continues talks with Lockheed Martin on joint destroyer construction
Hyundai Heavy Industries (HHI) and US prime Lockheed Martin are negotiating the joint development and construction of Aegis-equipped destroyers primarily for export markets, a...
22-Jul-2009
Mechtronix awarded battle damage-control contract
L-3 MAPPS recently awarded a contract to Mechtronix World Corporation to supply components for the battle damage-control system to be installed on the Canadian ...
21-Jul-2009
General Dynamics to upgrade submarine weapons control
General Dynamics' Advanced Information System unit has been awarded a USD10.2 million contract by the US Navy (USN) to provide upgrades to the submarine ...
21-Jul-2009
Lockheed Martin to support USN submarine imaging system
Lockheed Martin has won a USD92.8 million contract to provide engineering services and support for the US Navy's (USN's) AN/BVY-1 Integrated Submarine Imaging System ...
21-Jul-2009
Fincantieri to increase capitalisation by EUR300 million
Fincantieri's shareholders have approved a capital increase of up to EUR300 million (USD426.6 million) to offset increased business spending since 2007, the group announced ...
20-Jul-2009
Marport adds C-Tech to become Canada's biggest underwater acoustics business
Marport Canada has emerged as the country's largest underwater acoustics technology company as a result of its acquisition of C-Tech, it was announced on ...
10-Jul-2009
IMDS 2009: Rosoboronexport and Thales agree to closer naval co-operation
France's Thales and Russian defence export body Rosoboronexport have agreed to amend an existing memorandum of understanding MoU) for co-operation in the naval field. ...
01-Jul-2009
Government savings drive prompts ASC personnel cuts
Australian shipbuilder ASC is cutting its submarine maintenance workforce by 7 per cent in a direct response to a government efficiency drive, acting managing...
30-Jun-2009
Northrop Grumman offers support for Daring-class IPMS
Northrop Grumman Sperry Marine will provide technical support for the integrated platform managements system (IPMS) on the UK Royal Navy's Type 45 destroyers under ...
11-Jun-2009
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