17 Feb '17, 6pm

Norway's defense sector seeks lift through submarine deal with ThyssenKrupp

The industrial-cooperation dimension of Norway’s recent submarine acquisition deal with Germany’s ThyssenKrupp Marine Systems (TKMS) has emerged as one of the first major visible signs of the Norwegian government’s strengthened industry-support policy at work. The defense-industrial component of the deal, which will see TKMS deliver four Type 212 submarines to the Norwegian Navy, is expected to generate valuable contracts over the long term for Kongsberg and other Norwegian defense contractors. The four 212 air-independent submarines will replace Norway’s existing six German-built Ula-class submarines that entered service between 1989 and 1992. For Kongsberg, the extended industrial cooperation linked to the submarine deal has already produced an agreement, with an estimated longer-term value of$1.4 billion, to deliver the company’s Naval Strike Missiles (NSM) to Germany. ...

Full article: http://www.defensenews.com/articles/norways-defense-secto...

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