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Taiwan's Defense ministry has approved the guidelines for the design and construction of an indigenous submarine. Design and development is slated to begin in 2016 and span over four years at a total cost of about US$95 million.
The marine and shipbuiling group DCNS reported its half-year The French marine and shipbuiling group DCNS reported strong performance in its half-year financials today. Revenues increased to €1.4 billion, and Operating profit of €98 million, but orders intake dropped from €1.2 billion to €813 million, yet, maintaining the company order book at €14.2 billion, same as 12 months ago.
Northrop Grumman Corporation announced a strategic realignment of several of its operating sectors in an effort to improve customer support and utilization of resources....