5 Euro Shipbuilders form Materials Procurement Club

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Five major European naval shipbuilders have formed a “club” to promote synergies in materials procurement as part of broader efforts to reduce costs. Procurement represents approximately 60% of the cost of a typical warship program, and participating shipbuilders will work together cooperating with suppliers, establishing common technical specifications and coordinating purchasing. The Warship European Procurement (WEP) Club was set up by formal agreement among: * BAE Systems * DCN/Thales * Fincantieri * Navantia * VT Shipbuilding Limited See full release for company profiles.

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