26 August 2016

Industry: DCNS Implementing Australia’s Future Submarine Security Arrangements

In accordance with DCNS’s offer to the Australian Government’s Competitive Evaluation Process (CEP) and subsequent agreements reached with the Australian Government in July of 2016, DCNS will consult with Defence and establish an operational Security Committee of the DCNS Australia Board by the end of this year. 

“This committee is part of the arrangements that deliver sovereignty to Australia in submarine matters and will govern the measures that DCNS develops to deliver the Australian Government’s stringent security requirements for the Future Submarine Program,” said Sean Costello, Chief Executive Officer, DCNS Australia.

DCNS has engaged executive search firm Spencer Stuart to identify two further suitably qualified and experienced Australian citizens to join the Board of DCNS Australia as Independent Directors.

These Independent Directors will together bring capabilities in industrial and strategic program development, information security and sovereignty.

About DCNS

DCNS is the European leader in naval defence and a major player in marine renewable energy. The Group’s success as an advanced technology company with global reach is built on meeting customer needs by deploying exceptional know-how, unique industrial resources and an ability to develop innovative strategic partnerships. DCNS designs and builds submarines and surface combatants, develops associated systems and infrastructure, and offers a full range of services to naval bases and shipyards. The Group has also expanded its focus into marine renewable energy. Aware of its corporate social responsibilities, DCNS is a member of the United Nations Global Compact. The DCNS Group generates annual revenues of €3.04 billion and employs 12,953 people (2015 data).