France’s defense procurement agency has named DCNS and Thales as prime contractors on a potential $4.1 billion contract to build five intermediate frigates for the French navy, Defense News reported Monday. Pierre Tran writes DCNS and Thales will respectively serve as shipbuilder and electronics provider of Belharra-class frigates under the contract. The first delivery will occur in 2023, Tran reported. French defense minister Jean-Yves […] More

France-based naval shipbuilder DCNS has established a new headquarters for its Australian subsidiary that will design the future submarine of Australia’s navy as part of an intergovernmental agreement between the two countries. DCNS said Wednesday its Adelaide Future Submarine Facility is scheduled to begin operations in early 2017 and will support activities such as the transfer of technology from France to Australia, […] More

DCNS and Airbus Group‘s helicopter business unit have partnered to design a vertical take off and landing drone system for France’s navy. Airbus said Thursday DCNS will design and develop components for the ship-based operation and integration of the VSR700 drone such as payload specification and validation as well as mission data links. DCNS will also build the drone’s mission system […] More

Australia has selected France-based naval defense company DCNS to provide design services for the former country’s estimated $38.7 billion SEA 1000 Future Submarine Program. DCNS said Tuesday it will help the Australian navy design 12 submarines to replace the service branch’s fleet of Collins-class submarines. “France and Australia have been allies for more than 100 years and we look forward to further strengthening this time […] More

More companies are offering to pay younger employees in cryptocurrency as part of efforts to attract talent, CNBC reported Monday. One of those companies is independent ratings agency SharpRank, which taps influential college students or “campus captains” to help build up the startup’s user base by serving as brand ambassadors. Chris Adams, founder and CEO […] More

BAE Systems has awarded 14 companies contracts to deliver manufacturing materials to support production work on the first three ships as part of the U.K. government’s Type 26 Global Combat Ship program. Thales and Tods Defence will produce sonar domes and towed array systems for the ships and Dent Steel Services will supply structural steel materials, […] More

Lockheed Martin and French shipbuilding company Naval Group, formerly DCNS, have opened an office in Cherbourg, France, to accommodate submarine designers and naval engineers who will support Australia’s Future Submarine Program. Lockheed said Sunday its Australian arm and Naval Group will collaborate with Australia’s defense department to produce a fleet of 12 submarines for the Royal Australian […] More

Lockheed Martin‘s Australia-based subsidiary has been awarded a contract install combat systems on 12 future ­submarines for that country’s navy, The Australian newspaper reported Friday. Brendan Nicholson writes Lockheed will integrate the combat systems in partnership with Australia’s defense department and France-based company DCNS. DCNS was chosen for the potential $38.7 billion contract in April to help design 12 submarines that will replace Australia’s fleet of Collins-class […] More

Research and Markets has released a new report that provides analysis of the naval vessels and surface combatants market worldwide. The report gives details of the market’s projected size and growth from 2015 through 2025, Research and Markets said Sept. 3. It profiles the following companies in the report: ASC Pty Ltd. Austal BAE Systems Daewoo Shipbuilding and […] More

BAE Systems and Babcock International want to join a Mitsubishi Heavy Industries–Kawasaki Heavy Industries alliance in pursuit of a $50 billion contract to build submarines for the Australian military, Defense World reported Friday. The two British defense contractors maintain operations in Australia. Defense World quoted a Japanese defense official as saying Mitsubishi seeks information on […] More

A new Research and Markets report predicts the worldwide market for surface combatants and naval vessels will be worth $47.2 billion in the next 10 years. The market research firm said Friday the market is poised to grow from $35.9 billion in 2015 at a compound annual growth rate of 2.79 percent by 2025. The […] More