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Cancellation of the “contract of the century”: what industrial impact for the French naval industry?

2021-09-16T17:39:53.822Z

DECRYPTION - Faced with Australia's decision to break a gigantic contract which provided for the construction of twelve submarines by the Naval Group shipyard, manufacturers are retaining a certain restraint. And minimize the consequences.



A huge disappointment.

The French military naval sector is in tune with the strong political reactions which multiplied Thursday, after the surprise announcement by Australia of the cancellation of the "contract of the century" in submarines, won by France in 2016 and signed in 2019. Naval Group, the European leader in naval defense, won this contract worth 35 billion euros, including 8 billion for France, to supply the Australian Navy with 12

attack

submarines

with conventional propulsion.

Canberra had however chosen the American Lockheed Martin to provide the combat system for its future submarines.

See also

Submarines: Biden torpedo the "contract of the century" between France and Australia, the lessons of an Indo-Pacific Trafalgar

The French victory had been obtained against Germany and Japan because Paris had agreed to an unprecedented massive transfer of technology so that Australia could build its submarines at home and become sovereign in this field.

France had proposed a derivative of the

Barracuda

, the flagship of the French Navy's attack submarines, and signed an agreement

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Source: lefigaro

All business articles on 2021-09-16

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