(Boursier.com) — The Australian government today announced the abandonment of its 3rd generation SEA 1905 mine warfare program.
This judgment follows the review of defense programs which redefined the equipment priorities of the Australian armed forces to take into account budgetary constraints.
Exail acknowledges this decision and thanks the Australian Government for allowing it to be selected as one of the two best consortia to carry out the project. Exail will remain engaged in Australia to meet the future needs of the country’s armed forces with all of its unique technologies in navigation, sonar and autonomous surface and underwater systems.
The group’s commercial activity remains intense in several regions of the world and Exail Technologies maintains its confidence in its ability to achieve its medium-term growth ambitions.
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