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Naval Group turns the page on the "contract of the century"

2022-06-24T16:18:41.772Z


DECRYPTION - The European leader in the naval military unveils a new strategic plan to relaunch after the Australian submarine crisis.


Solve the Australian submarine crisis, adopt a new roadmap and ride the wave of growth.

Naval Group has taken these steps.

On June 11, Australia announced that it had reached an agreement, which relates to the payment of 555 million euros to the European leader in naval defense, to put an end to the contract, signed in 2016, which related to twelve under - ocean sailors.

Contract abruptly canceled on September 15, 2021, in favor of Aukus, a strategic alliance with the United States and the United Kingdom.

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Submarine crisis: eight months after the shock, Australia and France want to move forward

Aukus took us from behind.

The Australian contract was structuring.

It generated 840 million euros in turnover between 2016 and 2021. Our strategic plan was based on a balance between the national order, the Australian contract and export

, "explains Pierre Éric Pommellet, CEO of Naval Group, at the

Figaro

.

The company lost 10% of its future turnover.

Australia was to bring in 500 million euros in annual sales from…

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Source: lefigaro

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