Page 2 - System Functional Review News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Were the French blindsided by the AUKUS submarine deal
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Russia in Talks with Turkey on Supporting TF-X Fighter Jet Project
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Oshkosh Defense and Industry Partners Awarded Contract to Participate in U S Army s OMFV Concept Design Phase | Business
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An op-ed published by Australian newspaper
The Australian Financial Review on the Attack-class submarine program blames Naval Group for being over budget, late on schedule and for failing in its commitment to spend 60 per cent of the contract value locally. According to Naval Group, such reporting does not reflect facts. The program is actually about to achieve yet another milestone, the System Functional Review (SFR), as planned and on schedule.
Cost increases explained
Following the Strategic Partnering Agreement signed in 2019 and which covers the 2019-2056 timeframe, several specific contracts will be signed as the program progresses. An initial Submarine Design contract was signed for the 2019-2021 period while a follow-on Submarine Design contract was negotiated at the end of 2020 for the 2021-2023 period.