DCNS is introducing the SMX Ocean - a new submarine concept based on the hull of the nuclear powered 'Barracuda' - the next generation SSN of the French Navy. The SMX Ocean will be fitted with a conventional propulsion system (SSK) with AIP technology.
The military submarine market is expected to continue growing in a modest pace through the second decade of the 21st century, as naval forces are inducting modern, more capable submarines, designed for extended operational missions at sea.
Bowed to pressure from the Navy, India’s ministry of defense (MoD) has ruled that foreign and government owned shipyards will be allowed to compete for the construction of new Project 75I submarines. This decision is a blow to the private sector shipyards such as Larsen & Turbo (L&T), ABG Shipyard and the Pipavav Shipyard that have counted on the program for defense-related contracts.
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