Summary
Market Report
See the full content of this document
Extract
The world submarine situation.
Any navy with ambitions for true 'blue water' operations will eventually have to acquire a submarine capability. This is an inevitable and long accepted fact. Such a capability will provide tremendous operational flexibility in both offensive and defensive missions. Unfortunately, the acquisition of a submarine capability is a very expensive process, requiring far more than just the purchase of a submarine, its associated systems and weapons.
The acquisition of submarines commands the construction of specialised facilities to support and maintain the boats as well as the purpose training of personnel. Submarine crews and officers must also be selected and trained. The front-end acquisition costs of a submarine are high, as are the operational costs and price of necessary repair, overhaul and refit activity. Even so, for all of the associated investments, their operational utility is such that navies are prepared to pay the price to acquire them if at all possible. Despite the obvious advantages of having a submarine capability, the overall marketplace and the shape of the submarine-building sector have changed dramatically over the last fifteen or so years. Arguably, the submarine sector has suffered more than most from the end of the Cold War and the resulting reductions in European defence expenditure. T...See the full content of this document
Sponsored links
