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Taiwan set to design, build new, indigenous submarines

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.

Naval Systems Support Improve DCNS’s Bottom Line

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 Realigns its Shipbuilding, Missiles Operations

Northrop Grumman Corporation announced a strategic realignment of several of its operating sectors in an effort to improve customer support and utilization of resources....

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