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Category: Navy

  • IAI’s Barak 8 wins $340m contract with Indian Navy

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    Investor Empires

    Last week, India bought more than 70 MRSAM systems (medium -range surface missile) Spices dynamicsIsrael Aerospace Industries (IAI) partner in developing the Indian version of Barak 8 Air defense system. The contract value is 29.6 billion rupees (about 340 million dollars). Systems will be installed on most future warships of…

  • Fears grow as Harland & Wolff nears administration, risking royal navy ship contract

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    Investor Empires

    Harland & Wolff, the historic Belfast shipyard best known for building the Titanic, is on the verge of bankruptcy, putting a £1.6bn contract to build three Royal Navy warships at risk. The troubled shipbuilder, which is expected to file for administration as early as Monday, faces a cash shortfall by…

  • Harland & Wolff bailout sparks concerns over future of Royal Navy warships

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    Investor Empires

    The future of Harland & Wolff’s historic shipyard is in jeopardy after a $25 million emergency bailout, raising concerns that Royal Navy ships could soon be built overseas. The Belfast-based company, best known for building the Titanic, has scrapped plans to restart ferry services between Cornwall and the Isles of…

  • Vast Dorset salt caverns to store hydrogen under former Royal Navy base

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    Investor Empires

    Huge salt caverns designed to store hydrogen are to be dug under Britain’s largest former naval base, Portland Harbour in Dorset, as part of a strategic plan to boost the country’s energy security. The project involves creating 19 caverns, each the size of St Paul’s Cathedral, that will store enough…

  • AMSC Expands Ship Protection System Offering to Allied Navy with First Contract Win By Investing.com

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    Investor Empires

    AYER, Mass., June 12, 2024 (GLOBE NEWSWIRE) — AMSC (NASDAQ: AMSC), a  leading system provider of megawatt-scale power resiliency solutions that  orchestrate  the rhythm and harmony of power on the grid™, and protect and expand the capability of our Navy’s fleet, today announced it has entered into a multi-year and…