L&T, Navantia sign teaming agreement for Project 75 (India) submarine program

economictimes.indiatimes.com:

Navantia for submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine programme. P75 (India) Submarine Project is expected to be valued at €4.8 billion (over Rs 43,500 crore) and is India‘s largest defence acquisition project.Project 75 (I) requires the Indian bidder to tie up with a Foreign Collaborator (FC) and execute the program for delivery of six conventional submarines equipped with Air-Independent Propulsion (AIP), while achieving targeted Indigenous Content.

This would also be followed by a 30-year lifecycle sustenance contract of similar value. P75(I) would be the first program to be processed under the ambitious Strategic Partnership (SP) model of acquisition of the Ministry of Defence.

L&T and Navantia signed an MoU for the program on 11 April 2023 at Madrid, which has now culminated. As per the agreement, Navantia would carry out the design of P75(I) submarines based on its S80 class of submarines, the first of which was launched in 2021 and is undergoing sea trials prior to its delivery to the Spanish Navy at the end of 2023.

Apart from S80 class, Navantia has been involved in the design and construction of the Scorpéne class of submarines together with DCNS (now Naval Group) of France, which have been exported to Chile and Malaysia. Navantia has also been involved in the Scorpene submarines (Kalvari class) built in India including handholding of the Indian yard.

“Navantia’s glorious 300-year-old track record in naval construction & technical expertise gives us a competitive advantage in this program and offer the Bio-Ethanol Stealth Technology (BEST) and environmentally Green AIP solution. We are committed to providing the most contemporary solution for the Indian