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EDGE Group, Fincantieri Formalize JV and Announce Order for Ten Naval Vessels

EDGE Group (EDGE), one of the world’s leading advanced technology and defense groups, and Fincantieri, one of the largest shipbuilding companies in the world, have signed an agreement formalizing the launch of MAESTRAL—an Abu Dhabi-based shipbuilding Joint Venture (JV) between both companies. The JV, which was first announced in February of this year, will capitalize on global opportunities for the design and manufacture of advanced naval vessels. EDGE holds a 51% stake in the venture, which will be awarded prime rights to non-NATO orders, and a number of strategic orders placed by selected NATO member countries, with a commercial pipeline. The signing of the agreement was immediately followed by the announcement of a large order by UAE Coast Guard Forces for 10 technologically advanced 51-m Offshore Patrol Vessels (OPVs), valued at 400 million euro.

EDGE Group, Fincantieri Formalize JV and Announce Order for Ten Naval Vessels

US Coast Guard Awards Bollinger Shipyards Two Fast Response Cutters

The US Coast Guard has exercised a contract option to award Bollinger Shipyards (“Bollinger”) two additional Sentinel-Class Fast Response Cutters (FRC). This announcement brings the total number of FRCs awarded to Bollinger up to 67 vessels since the program’s inception. To date, the US Coast Guard has commissioned 55 FRCs into operational service.

US Coast Guard Awards Bollinger Shipyards Two Fast Response Cutters

VideoRay Wins US Navy MESR Production Contract for Mission Specialist Technology

VideoRay LLC, a rapidly growing defense technology company, announced that it has been awarded a $92.6M USD five-year indefinite-delivery/indefinite-quantity (IDIQ) contract for the continuous production, sustainment, and development of the MK20 Defender remotely operated vehicle (ROV) platform for the US Navy’s Maritime Expeditionary Standoff Response (MESR).

VideoRay Wins US Navy MESR Production Contract for Mission Specialist Technology

Silver Ships Delivers Four of Seven Coastal Fast Response Boats

Silver Ships has completed the construction and delivery of the first four coastal fast response boats (CFRB) under a contract award worth $6.12 million from the Naval Sea Systems Command. The vessels were designed and constructed as a part of the US Navy Foreign Military Sale (FMS) program and will benefit the NATO Navy, while the other three boats support a Central American Navy upon delivery. Each CFRB was inspected in Alabama and accepted by the Navy.

Silver Ships Delivers Four of Seven Coastal Fast Response Boats

MassChallenge and NATO DIANA to Drive Innovation in Security, Surveillance, and Energy Resilience

MassChallenge, a renowned global accelerator based in Boston, has announced a strategic partnership with NATO DIANA, the Defence Innovation Accelerator for the North Atlantic. NATO established this organization to find and accelerate dual-use innovation capacity across the Alliance. As part of the collaboration, MassChallenge and NATO DIANA will convene on May 30, 2024, for a Demo Day in Boston, showcasing the groundbreaking solutions developed through this program.

MassChallenge and NATO DIANA to Drive Innovation in Security, Surveillance, and Energy Resilience

The World's Most Modern Conventional Submarine Launched as "Inimitable"

On April 22, 2024, the fourth submarine in the Type 218SG construction program was named at the thyssenkrupp Marine Systems shipyard in Kiel. The 250 invited guests included Boris Pistorius, Federal Minister of Defense, and Teo Chee Hean, Senior Minister and Coordinating Minister for National Security of the Republic of Singapore, as well as other high-ranking representatives from Singapore and Germany. The sponsor of the boat was Ms. Teo Swee Lian, sister of Teo Chee Hean.

The World's Most Modern Conventional Submarine Launched as "Inimitable"
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