Britain and the Netherlands have signed a new maritime partnership that will see both nations’ forces equipped with next-generation amphibious transport ships, built in UK shipyards alongside Dutch industry as part of a £2.4 billion deal expected to support hundreds of high-skilled UK jobs. Prime Minister Keir Starmer and Dutch Prime ...
British-founded maritime defence company Kraken Technology Group has closed a $175m Series B funding round led by Digital Transformation Capital Partners, valuing the business at $1bn and setting up a rapid expansion of manufacturing capability across multiple regions. The round, announced on 9 July from Kraken’s Fareham base, will fund continued ...
SEA, part of Cohort plc, has secured a UK Defence Innovation (UKDI) funding contract through the 2025 AUKUS Maritime Innovation Challenge, one of four companies selected from a competitive multinational field to advance undersea communications and autonomous systems control capabilities across the AUKUS partnership. The funding will be used to enhance ...
The UK Ministry of Defence has confirmed that shipbuilding has been designated a priority sector for reform under the Procurement Act 2023, in a move that signals a significant shift in how defence contracts will be awarded to British yards, boatyards and maritime businesses. Defence Minister Luke Pollard made the announcement ...
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