| Navantia, S.A. | |
| Type: | State-owned enterprise |
| Industry: | Defence, Shipbuilding, Engineering |
| Predecessor: | Empresa Nacional Bazán |
| Key People: | Ricardo Domínguez García-Baquero (President)[1] |
| Hq Location City: | Madrid, Community of Madrid |
| Hq Location Country: | Spain |
| Area Served: | Worldwide |
| Products: | Warships, Hospital ship, Yachts, Ferries, cargo ships, platform supply vessels, Dredger, Marine propulsion, Offshore engineering |
| Revenue: | 1.34 billion euros[2] |
| Revenue Year: | 2022 |
| Operating Income: | -124,5 million euros |
| Income Year: | 2022 |
| Net Income: | -96,7 million euros |
| Net Income Year: | 2022 |
| Assets: | 5.4 billion euros (2022) |
| Owner: | SEPI (100%) |
| Num Employees: | 4,547 |
| Num Employees Year: | 2022 |
| Parent: | SEPI |
| Divisions: | Navantia Sistemas |
| Subsid: | Navantia Australia Navantia Arabia Navantia UK SAES Capital Sainsel Sistemas Navales |
| Homepage: | www.navantia.es |
Navantia is a Spanish state-owned shipbuilding company that builds vessels for military and civil sectors. It was established in 2005 following the segregation of the military assets of the IZAR Group. The company designs, builds, and supports various types of surface vessels, submarines, and systems. Navantia is the fifth-largest shipbuilder in Europe and the ninth-largest in the world. The company is also expanding into markets such as renewable energy, the offshore industry, and naval services.
The origins of Navantia go back to the beginnings of Spanish naval construction in the 13th century with the Real Atarazanas de Sevilla and the Real Carenero of San Fernando. Ships made in these yards played a key role in the discovery of America, but demand for larger ships with greater drafts meant that navy ship production was moved to Arsenal de Ferrol (A Coruña), Arsenal de Cartagena (Murcia), and La Carraca, (Cádiz) under reforms introduced by the Marques de la Ensenada and Jorge Juan in the eighteenth century.
These shipyards became part of the Spanish Naval Construction Society (La Naval) where civil shipyards such as Matagorda in Puerto Real (Cádiz) or Sestao (Vizcaya) also belonged. The state took over the military arsenals at the end of the Spanish Civil War and formed the Empresa Nacional Bazán in 1947 to build ships using foreign technology. Bazán later began to develop its own ship projects.
IZAR was formed in 2000 following a merger between Astilleros Españoles, a company that brought together publicly-owned civil shipyards, and the Empresa Nacional Bazán. To achieve greater efficiency, the Sociedad Estatal de Participaciones Industriales (SEPI), the largest shareholder and manager of the IZAR group, separated the military branch in December 2004 and subsequently formed Navantia in March 2005. The civil operations were later also transferred to Navantia. The company is 100% owned by SEPI, the Spanish state-owned industrial holding group, and it designs, builds, repairs, and modernizes military and civilian vessels.
In March 2016, Navantia was selected as the 'preferred bidder' for two logistics support ships for the Royal Australian Navy.[3] In April 2021, Navantia launched its first completely Spanish designed and built submarine, the Issac Peral S-81. This was 133 years after the launch of the world's first functional military submarine, the Peral.[4]
Navantia's activities can be divided into four main sectors: naval defense (the historical core of the group's business and including ships, submarines, and management of the operational availability of forces); systems (research, development, and integration of defense, surveillance, and navigation systems); diversification (renewable marine energy, construction of naval bases and power plants, and offshore installations); and services (maintenance, repair, and life cycle support).
Navantia is increasingly diversifying into the offshore sector, especially in wind energy.