Sunday, May 3, 2015

Hey, Mister. Want to buy a submarine?

Sweden, France, Russia, Japan, South Korea have products you can use. Operators are standing by.

“The Swedish government, upset with German ownership of Sweden’s biggest shipyard, last summer compelled ThyssenKrupp AG to sell its Kockums operation to Sweden’s Saab AB. The move, which ThyssenKrupp calls 'unfair,' cost the German industrial group a billion-dollar submarine contract and hundreds of skilled engineers.”

http://hotair.com/archives/2015/05/02/submarine-sales-on-the-rise-and-to-some-disturbing-customers/

Wait a minute! Submarines? And Krupp? Didn’t we do this about 75 years ago?

Oh. I forgot. This is a brave new world. And, a much richer one.

“Stealth makes subs particularly appealing to countries feeling threatened by larger rivals. Vietnam is buying its first subs, from Russia, while Australia, Indonesia, Singapore and South Korea are expanding their fleets—a response, in part, to China’s expansion of its navy with ships including its first aircraft carrier and large nuclear subs.

“Iran has said in state-controlled media it is developing conventional subs to enhance its Russian-built fleet. Firm numbers aren’t available—countries guard their military plans—but at least 17 nations have made public plans to create or expand sub fleets.”

Good news for sub builders, anyway.






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