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EDGE Group and Ficantieri Launch Multi-Billion Euro Joint Venture to Manufacture Naval Vessels

EDGE, one of the world’s leading advanced technology and defense groups, and Fincantieri, one of the largest shipbuilding companies in the world, have entered into a term sheet aimed at creating a joint venture (JV) to capitalize on global shipbuilding opportunities with a focus on the manufacturing of a broad range of sophisticated naval vessels. EDGE will hold a 51% stake in the venture, which has a commercial pipeline valued at approximately 30 billion euros, with management direction provided by Fincantieri. The Abu Dhabi-based JV will be awarded prime rights to non-NATO orders, especially leveraging on the attractiveness of UAE G2G arrangements and export credit financing packages, along with a number of strategic orders placed by select NATO member countries.

EDGE Group and Ficantieri Launch Multi-Billion Euro Joint Venture to Manufacture Naval Vessels

Oceaneering Selected by DIU to Test and Develop Unmanned Undersea Vehicle Prototype

Oceaneering International, Inc. announces that its Aerospace and Defense Technologies (ADTech) business segment has been awarded a contract by the Defense Innovation Unit (DIU), a US Department of Defense organization, for the development and testing of the Freedom™ autonomous underwater vehicle (AUV) as a potential large displacement unmanned undersea vehicle (LDUUV) prototype for the US Navy’s Program Office for Advanced Undersea Systems.

Oceaneering Selected by DIU to Test and Develop Unmanned Undersea Vehicle Prototype

Anduril Awarded Contract to Innovate New Capabilities for Undersea Warfare

The US Navy selected Anduril and its Dive family of large autonomous underwater vehicles (AUVs) to prototype distributed, long-range, persistent underwater sensing and payload delivery in contested environments. Anduril provides a family of AI-enabled AUVs that are designed to perform a wide range of defense and commercial missions.

Anduril Awarded Contract to Innovate New Capabilities for Undersea Warfare

SAIC Awarded US Navy Contract for Heavyweight Torpedo Tests Sets

Science Applications International Corp. (SAIC) has been awarded a $80.5 million task order by the US Navy for the completion of the MK710 TSTS design and then to produce and deliver MK 710 Torpedo System Test Sets (TSTS) to enhance the Navy’s capability to provide the Submarine force with high quality, tested and validated MK 48 heavyweight torpedoes.

SAIC Awarded US Navy Contract for Heavyweight Torpedo Tests Sets
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