German-Indian JV emerges as sole contender for $5 billion India submarine deal

Published on January 24, 2025

NEW DELHI, Jan 23 (Reuters) - German shipbuilder ThyssenKrupp and its Indian partner have cleared field trials for building six advanced conventional submarines for the Indian Navy, according to an exchange filing, emerging as the sole contender for the $5 billion project.

Their potential rival, Spanish state-held shipbuilder Navantia, which partnered with India's Larsen & Toubro (L&T) (LART.NS), could not meet the navy's requirements in trials held in 2024 for testing key technologies, an Indian defence source said.

The project is crucial to India's effort to modernise its military and boost its naval capabilities in the face of China's growing presence in the Indian Ocean region.

Read the full  article here.

Other news

How Ukraine Rebuilt Its Military Acquisition System Around Commercial Technology

January 24, 2025
Executive Summary This report explores Ukraine's shift in the development and deployment of military innovation, with a special focus on the role of the commercial sector and on changes in the acquisition process that have facilitated the rapid integration of these technologies into military operations.Key Findings;Ukraine has radically pivoted its approach to military innovation, moving from a wh

The Iranian Army receives 1,000 new long-range stealth combat drones

January 24, 2025
As part of a ceremony held on January 13, the Iranian Army announced the acquisition of a new batch of 1,000 long-range stealth combat drones to strengthen its strike capabilities amid a highly tense regional environment. These drones will be distributed across various bases throughout the country. According to local news agencies, the event was attended by the commander of the Iranian Army, Major