Marine Link
Wednesday, November 22, 2017

Germany Awards $2.4 Bln Naval Shipbuilding Contract

September 12, 2017

The German defence procurement agency said on Tuesday it has awarded a contract valued at nearly 2 billion euros ($2.4 billion) to a consortium of shipbuilders led by Lurrsen Werft for five new corvettes to be delivered from 2022 to 2025.
 
The agency said the contract would give the German navy additional proven warships to keep up with its increased responsibilities within the NATO alliance.
 
The consortium also includes Thyssenkrupp and German Naval Yards, which had undertaken legal action to be added to the group.
 
In July Germany's competition regulator, the federal cartel office, said it would not block moves by Lurssen and Thyssenkrupp to expand the consortium after finding no evidence of antitrust concerns.
 
The companies decided to join forces after a German court upheld a protest that German Naval Yards had filed against the ministry's decision to skip an open competition for the corvettes, a decision that was then challenged by the ministry.
 
A spokesman for Lurssen welcomed news of the contract for a second batch of the K130-class warships.
 
"With the contract signing, we have crossed a significant milestone toward realisation of this project," the spokesman said.


($1 = 0.8361 euros)

(Reporting by Andrea Shalal; Editing by Greg Mahlich)
Maritime Reporter Magazine Cover Nov 2017 - The Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News