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Peene Werft wins €38m German Navy order

GERMAN shipyard Peene Werft has received an order to equip five mine sweepers belonging to the German navy with a new anti-mine drone system. The order is valued at €37.9m ($52.6) and is being funded by the economic stimulus package with which the German government wants to support crisis-ridden companies. Wolgast-based Peene Werft is part of shipbuilding group Hegemann, which also owns the shipyards Volkswerft Stralsund and Rolandwerft. The Sea Fox drones will be produced and delivered by Bremen-based Atlas Elektronik. The installation of the system, which can can detect and destroy mines, is scheduled for completion by the end of 2011. The government also ordered additional equipment for four frigates to be built by a consortium of ThyssenKrupp Marine System and Lürßen. The additional order has a value of €63.8m.

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