Naval Group Expands in Europe
French warship builder Naval Group is expanding across Europe by leveraging fast delivery times to capture rising defence spending. The company now prepares a bid for Denmark and builds ships for Greece and Sweden.
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Naval Group is expanding its European market share, capturing 20% to 25% of its €4.7 billion ($5.3 billion) annual turnover from outside France. The state-controlled warship builder is capitalizing on surging regional defense spending with rapid delivery timelines.
