Tag: submarines
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Australia signs contract to build 12 submarines
Canberra : The Australian government on Monday announced the signing of a A$50 billion ($35 billion) agreement with the French Naval Group for the construction of its new fleet of 12 Attack class submarines. In a “defining moment for the country”, the submarines “will help protect Australia’s security and prosperity for decades to come and…
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Handing over P75(I) submarine project to Mazagon will sound death-knell for private players
By Shantanu Guha Ray, New Delhi : The Indian Navy’s reported decision to nominate Mazagon Dock Shipbuilders Ltd (MDL) to execute the $8 billion Project-75 India [P-75(I)] to build six advanced submarines has left private contenders gasping for breath. The P-75(I) programme was once the biggest rays of hope for the private sector, especially companies…