Naval Group inks $36B Submarine Contract
and trade interests in the Asia-Pacific region.The first of the new submarines is scheduled to be delivered in the early 2030s and the final vessel during the 2050s.Australia rejected offers from Japan's Mitsubishi Heavy Industries and Kawasaki Heavy Industries, as well as Germany's ThyssenKrupp AG, when it accepted the French bid. (Reporting by Colin Packham Editing by Paul Tait
France sinks Japanese, German Sub Bids
. Japan's government with its Mitsubishi Heavy Industries and Kawasaki Heavy Industries boat had been seen as early frontrunners for the contract, but their inexperience in global defence deals and an initial reluctance to say they would build in Australia saw them slip behind DCNS and Germany's ThyssenKrupp AG. POLITICAL IMPLICATIONS Industry watchers had anticipated a decision to come later in the year, but Turnbull's gamble on a July 2 general election sped up the process. The contract will have an impact on thousands of jobs in the shipbuilding industry in South Australia, where retaining
Submarine Bidders Step up Lobbying for Australia Tender
media tour, Japan's Chief of Staff Commander Fleet Escort Force insisted the exercise was not a sales pitch. "We do not have an ulterior motive in having this media conference," Rear Admiral Ryo Sakai told reporters. As Japan showcased its submarine, Germany's ThyssenKrupp AG's launched an advertising campaign to illustrate its commitment to build the 12 submarines in South Australia. "The German industry, backed by the German government felt it would be appropriate to explain to the Australian public the nature of the proposal being made," said
February 2025
