L&T and Spain’s Navantia sign agreement for submarine project: L&T has signed a teaming agreement with Spanish-based Navantia for the submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.
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On April 11 this year, the two had signed a Memorandum of Understanding (MoU) to bid for the Indian Navy’s submarine tender under Project-75 (India).
P75 (India) Submarine Project is expected to be valued at €4.8 billion. Navantia would carry out the design of P75(I) submarines based on its S80 class of submarines.
The first S80 class submarine was launched in 2021 and is undergoing sea trials prior to its delivery to Spanish Navy.