Business and FinanceWar and Conflicts

Damen’s claim over cancelled German frigate order

◆5 sources

The Dutch shipbuilder Damen is seeking nearly €4.7 billion from the German government after it cancelled an order for new frigates earlier this year. Germany considers the damages claim unfounded. Damen also objects to Germany’s direct award of an order for four frigates to TKMS, arguing that the contract should have been put out to European tender.