TKMS and Fincantieri aim to establish underwater partnership by year-end and jointly pursue international naval contracts
TKMS and Fincantieri have agreed to deepen their cooperation in submarines and underwater technologies, with the two shipbuilders aiming to establish a formal partnership framework by the end of 2026.
HII targets 15% shipyard throughput increase in 2026, plans to outsource over two million work hours to speed U.S. Navy deliveries
HII is targeting a 15% increase in shipyard throughput in 2026, building on 14% growth last year as it seeks to deliver warships faster to the U.S. Navy.
Austal to hire 500 workers in Western Australia as government expands sovereign naval shipbuilding capacity for future defence fleet
Austal plans to recruit 500 tradespeople and professional staff in Western Australia over the next 12 months.
TKMS, Navantia move towards joint submarine framework by year-end to expand capacity and compete for future global naval orders
In late July, TKMS and Navantia announced that they had signed a second memorandum of understanding covering the production and commercialisation of selected future submarine projects.
RMC strengthens Arctic shipbuilding capability with Finnish corvettes, U.S. Coast Guard icebreakers and modernised Rauma yard
Rauma Marine Constructions is expanding its Arctic government-vessel business while building four Pohjanmaa-class corvettes for the Finnish Navy and two Arctic Security Cutters for the U.S. Coast Guard.
General Dynamics sees further U.S. Navy shipbuilding growth at Bath and NASSCO, with DDG-51 delivery nearly three months early
General Dynamics expects further growth in its U.S. surface and auxiliary ship businesses as higher productivity at Bath Iron Works and additional capacity at NASSCO support increased Navy work.
Hanwha Ocean expands U.S. shipbuilding push with Leidos military sealift design deal and new workforce partnerships
Hanwha Ocean is expanding its U.S. shipbuilding footprint through agreements covering military sealift design, workforce training and supply-chain development.
Saronic and Samsung Heavy Industries forge U.S. shipbuilding alliance focused on autonomous vessels, AI and industrial capacity
Saronic and Samsung Heavy Industries have formed a strategic partnership aimed at expanding U.S. shipbuilding capacity and accelerating development of autonomy-capable maritime systems.
Australia commits $4.6 billion to Osborne AUKUS submarine yard for nuclear-powered fleet construction
Australia will invest another $4.6 billion in Australian Naval Infrastructure to support the nuclear-powered submarine construction yard at Osborne.
JPMorganChase commits $24 million to strengthen Philadelphia shipbuilding workforce and U.S. defense industrial base
JPMorganChase has announced $24 million in loans, investments and grants to support Philadelphia’s shipbuilding and maritime manufacturing sector.
HII adds Halimar Shipyard to ROMULUS unmanned surface vessel production network to expand Gulf Coast manufacturing capacity
HII said Halimar Shipyard of Morgan City, Louisiana, has joined its network of strategic industrial partners supporting serial production of the ROMULUS unmanned surface vessel family.
South Korea’s shipbuilding giants and policy lenders join forces for $150 billion U.S. investment push
The initiative follows South Korea’s pledge to invest $150 billion in the U.S. shipbuilding sector as part of a broader $350 billion U.S. investment commitment, with an annual cap of $20 billion.