For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Business Secretary Jonathan Reynolds would not be drawn on …
LONDON — The future of the Northern Ireland-based Harland and Wolff shipbuilder, which famously built the Titanic, appears to have been safeguarded on Thursday after the Spanish state-owned business Navantia stepped in to buy it. If approved, the deal will secure 1,000 jobs at Harland and Wolff’s four shipyards, including at the iconic one in Belfast, Northern Ireland. “This deal …
German submarine manufacturer TKMS was initially not inclined to bid for the Indian Navy’s mega deal for six conventional submarines under Project-75I due to the “terms and conditions”, but later entered the fray as the German government backed the project, said the company’s India head Khalil Rahman on Wednesday. He said they successfully demonstrated the Air Independent Propulsion capability, the …
The German government is expected to take up a stake in submarine manufacturer, the TKMS, and discussions are on, it has been learnt. Meanwhile, the Indian Navy’s mega submarine deal under Project-75I, estimated to cost upwards of ₹43,000 crore, has moved to the evaluation stage with compliance checks of the two bids received, one of which is from the TKMS. …
