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Nov. 24, 2014 / 12:01 PM

French shipbuilder DCNS creates Australian subsidiary

French shipbuilder and naval defense company DCNS has created an Australian subsidiary as it pursues a government contract to provide new submarines.

A Collins-class submarine of the Royal Australian Navy, which the government is considering replacing. (U.S. Navy photo: Mass Communication Specialist Seaman James R. Evans)

A Collins-class submarine of the Royal Australian Navy, which the government is considering replacing. (U.S. Navy photo: Mass Communication Specialist Seaman James R. Evans)

CANBERRA, Australia, Nov. 24 (UPI) -- French shipbuilder and naval defense firm DCNS has opened a subsidiary in Australia in a bid to win a contract to replace Australia's Collins-class submarines.

The creation of DCNS Australia Pty Ltd was marked with a ceremony attended by not only Herve Guillou, chief executive officer of DCNS Group but also by Australian Defense Minister David Johnston.

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"I am very pleased to officially announce the creation of DCNS Australia Pty Ltd., Guillou said. "Australia is a key objective for the group and for the French defensce industry. Thanks to our dual expertise in design, build and through-life support of submarines of all sizes, including combat systems integration, we intend to bring a key contribution to the Commonwealth of Australia.

"Using sea proven solutions and robust industrial roadmap for the Future Submarine Australian program (SEA 1000), we'll mitigate both program and technological risks while ensuring proper delivery strategy and capability continuity."

The French government is the majority stock holder off DCNS.

Australia plans to replace its current Collins Class submarines and DCNS is considering to propose a "conventional Barracuda" submarine as a replacement.

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