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Message by Hervé Guillou, Chairman and Chief Executive Officer of Naval Group

Innovation underpins our strategy of growth and conquest.

“In 2017, we wrote a new page in our group’s long history of serving our clients.

The operational successes stemming from the joint commitment of our staff members and partners are too numerous to be listed in full. As examples, I can mention the delivery of the Gowind® corvette to the Egyptian Navy in just thirty-seven months, a record for the first of a series. There were also the delivery of the FREMM Auvergne to the French Navy, the commissioning of the Kalvari, the first Scorpène® built for the Indian Navy using technology transfer, the smooth progress of the mid-life refit for the Charles de Gaulle aircraft carrier, the completion of maintenance work on the Améthyste attack submarine, progress on the Téméraire upgrade as well as the three successful launches of the F21 torpedo. We have also had a number of commercial successes, such as the United Arab Emirates’ decision to choose the now sea-proven Gowind® corvette. Finally, our income is growing, and our average margins are steadily improving.

Our new brand allows us to raise our profile on international markets and be more attractive for new talent.

These achievements in 2017 highlight our new brand, Naval Group. Consistent with our past and our values, it allows us to clearly express our field of activity, raising our profile on international markets as well as being more attractive for new talent. In 2017, we recruited over 1,000 new staff members and have made commitments to three French regions to step up training in our naval activities and their appeal. Our new name clearly states our expertise and our vocation: to contribute to the French Navy’s sovereignty and that of our partner countries, as well as capitalising on our naval skills in the field of energy production. It pays homage to the pride and values of excellence that drive and bond our staff members, uniting them around a powerful vision of the future.

This name change marks an additional stage in our group’s far-reaching transformation. Resulting from the sense of commitment shown by all our teams, we are able to fully command the most technologically complex programs at the best possible cost. With Naval Group, our name may have changed, but not our commitment!”