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Tuesday, January 11, 2011

FI Projects a $106+ Billion Submarine Market

U 214 ClassForecast International’s “The Market for Submarines” analysis projects that 111 submarines worth $106.7 billion will be produced from 2011-2020.

The average value of these submarines will be $960 million, an indicator of the growing complexity of the modern submarine and the increasing use of air-independent propulsion, both of which add substantially to the cost of diesel-electric boats.

"Over the long term, constant shifts in the structure of construction costs and the steadily growing number of countries that are interested in nuclear-powered submarines mean that the average cost of submarines will continue to increase on an annual basis," said warships analyst Stuart Slade, author of the report.

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