navy

Australia’s Department of Defence has awarded a new seven-year contract worth $163 million to BAE Systems Australia to support critical maritime capabilities for the Royal Australian Navy. The agreement forms part of the government’s broader $150 billion investment in establishing a secure, sustainable and continuous naval shipbuilding and sustainment capability.

BAE Systems Australia awarded $163 million contract to sustain Royal Australian Navy Anzac-class frigates

  Under the contract, BAE Systems Australia will provide through-life engineering and design services for the Navy’s Anzac-class vessels. The company will also coordinate work across a wider industrial base, working with small and medium-sized providers, including sustainment partner BMT, while acting as a single point of contact for engineering support. The investment is expected

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In December 2024, Germany's Bundestag budget committee has approved funding for the construction of six Type 127 air defence frigates, including five confirmed vessels and an option for a sixth. These advanced ships will replace the three Sachsen-class (Type 124) frigates commissioned between 2004 and 2006, which are set to be retired in the early 2030s.

TKMS order backlog hits record €18.7 billion as leading German shipbuilder upgrades sales outlook for 2025/26

  The company said sales remained broadly stable at €545 million, compared with €550 million in the same period a year earlier, reflecting project progress across existing programmes. Adjusted EBIT was unchanged at €26 million, while the adjusted EBIT margin edged up to 4.8% from 4.7% in the prior-year quarter. Free cash flow amounted to

TKMS order backlog hits record €18.7 billion as leading German shipbuilder upgrades sales outlook for 2025/26 Read More »