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DCNS and Singapore Technologies Marine Ltd to set up Joint Venture

13 May 2009

DCNS and Singapore Technologies Marine Ltd (ST Marine) signed a Memorandum of Understanding (MOU) today with the objective of setting up a joint venture to provide through life support for the Republic of Singapore Navy’s Formidable-class frigates.

Singapore, 13 May 2009 – The MOU between DCNS and ST Marine which was signed today will set a precedent leading to the execution of a joint venture agreement. This joint venture will provide enhanced through life support to the six Formidable-class frigates.

Together with ST Marine, DCNS will provide extensive know-how to avail high value-added; long-term support solutions, including engineering studies for modifications or improved performance, proper maintenance, optimisation of supply chain and training.

“We are very excited about partnering DCNS. ST Marine hopes to leverage on this partnership to offer our customer, RSN, effective solutions to extend the life cycle of their vessels.” CHANG Cheow Teck, President, ST Marine.

“Our collaboration with ST Marine for the building of the Formidable-Class Frigates has been a real success. This MOU reflects DCNS’ determination to forge a stronger partnership with ST Marine and to work closely over the long term with the RSN to provide them with the highest performance services.” Bernard PLANCHAIS, Chief Operating Officer, DCNS.

DCNS and ST Marine have been working in conjunction for the past nine years in the building of the six Formidable-class frigates for the Republic of Singapore Navy (RSN).

About DCNS

The DCNS group is one of Europe’s leading players on the world market for naval defence systems. To meet customer demands for more comprehensive and integrated systems, DCNS acts as prime contractor for naval shipbuilding, integration and support by combining its own development, marketing and production capabilities with those of selected partners. To manage the complexity of such projects, DCNS draws on in-house expertise in naval architecture, systems engineering, ship assembly and integration and equipment design and production as well as through-life support. The DCNS group employs some 13,300 people and generates annual revenues of around €3 billion.

About ST Marine

ST Marine, the marine arm of ST Engineering, provides turnkey building, repair and conversion services for a wide spectrum of naval and commercial vessels. In shipbuilding, it has the proven capabilities to provide turnkey solutions from concept definition to detailed design, construction, on-board system installation and integration, testing, commissioning to through-life support. It has also established a track record in providing high engineering content ship repair and ship conversion services for a worldwide clientele. Please visit www.stengg.com.