Naval Shipyard Gdynia (SMW) and French concern DCNS have signed an agreement of cooperation to develop and meet the modern requirements of domestic and foreign customers.

As per the terms of the agreement, the companies will jointly build submarines and vessels, and undertake modernisation and maintainance of Polish Naval vessels.

The transfer of new technologies between the companies could result in SMW building new French submarines and weapons for the Polish Navy.

DCNS managing director Bernard Planchais said the agreement reflected opening towards new markets.

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By GlobalData