shipbuilding

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

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The U.S. Navy has awarded a $500 million architecture and engineering contract to support structural and waterfront projects at Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility in Hawaii and Puget Sound Naval Shipyard and Intermediate Maintenance Facility in Washington. The five-year agreement, issued on 7 September, will cover construction, repair and alteration work linked to the Navy’s Shipyard Infrastructure Optimization Program.

U.S. Navy awards $500 million engineering deal to support major upgrades at two public shipyards

The U.S. Navy has awarded a $500 million architecture and engineering contract to support structural and waterfront projects at Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility in Hawaii and Puget Sound Naval Shipyard and Intermediate Maintenance Facility in Washington.

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