Connect with us

Hi, what are you looking for?

Economy

Naval Group hopes to help modernize PHL capabilities

FRANCE-BASED shipbuilder Naval Group is looking to open an office in Manila as part of its plan to help the country in improving its naval capabilities.

Naval Group, an industrial contractor, designer and overall integrator of whole warships and combat systems, said in an emailed statement that it is hoping to bring to the Philippines its technical expertise in “ships and submarines with combat systems and all critical equipment and services necessary to engage naval power in a theatre of operations.”

Alain Guillou, Naval Group’s senior executive vice president, said: “We are the only provider with previous experience in helping a country develop a submarine force from scratch, and we stand ready to assist the Philippine Navy by providing the submarines.”

He said the Naval Group also aims to provide training and set up the facilities required to operate a fully operational submarine fleet.

Naval Group noted it has a history of more than 400 years in the defense industry, with more than 50 partners globally.

Anne Clausard, country head of Naval Group, said the creation of the submarine force serves as an opportunity for the company to partner with the local shipbuilding industry “where there will be transferring of knowledge and technology.”

She said the company expects the program to produce “hundreds of jobs.”

State-controlled media Philippine News Agency reported in March that submarine acquisition is still among the priorities of the Philippine Navy.

In 2018, Defense Secretary Delfin N. Lorenzana said Moscow had offered the Philippine Navy two kilo-class diesel electric submarines with an option of a soft loan if the Philippine government was short on funds.

US Defense Assistant Secretary for Asian and Pacific Security Affairs Randall G. Schriver had advised the Philippines not to procure Russian military equipment, saying that the US could be a “better partner” than Russia on defense matters.

President Rodrigo R. Duterte had said the planned acquisition of submarines was not meant to be directed against the US nor other countries like China. — Arjay L. Balinbin

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

RISING FOOD PRICES pushed inflation to a 14-year high in November, the Philippine Statistics Authority (PSA) said on Tuesday. Preliminary data from the Philippine...

Economy

THE WORLD BANK upgraded its growth forecast for the Philippines this year but expects the economy to expand at a weaker pace in 2023...

Economy

By Arjay L. Balinbin, Senior Reporter A PROPOSED MEASURE seeks to require National Economic and Development Authority (NEDA) Board approval only for projects worth...

Economy

THE MANAGEMENT ASSOCIATION of the Philippines (MAP) is seeking the creation of a public-private sector advisory council for various sectors, in order to improve...

Economy

THE HOLIDAYS shouldn’t be used as an excuse to binge-eat, warned a dietitian.  Christmas is just around the corner and with it comes an...

Economy

MANILA Electric Co. (Meralco) has secured a certificate of exemption from the Department of Energy (DoE) from the competitive selection process (CSP) for the...

You May Also Like

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.