Damen, a Dutch shipbuilder, has secured a €7 billion order from Germany and is involved in building frigates for NATO countries, while also facing internal state ownership and corruption issues.
Steady: 1 in the last 7 days
Updated thursday
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What happened
Damen, a Dutch shipbuilder, has secured a €7 billion order from Germany and is involved in building frigates for NATO countries, while also facing internal state ownership and corruption issues.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.State acquired a 51% stake in Damen, affecting its ownership structure.1 source
- A vessel conversion took place at Damen in the Netherlands.Sub-event
- The German Navy withdrew from a contract with Damen Naval, which is now seeking damages from the German government.Sub-event
Dutch shipbuilder Damen receives major defense contracts while navigating state ownership and corruption issues.1 source
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The entities involved
- Damen
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Netherlands
one of the four autonomous countries of the Kingdom of the Netherlands; with territories in the Caribbean
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NATO
intergovernmental military alliance between 32 member states