Iconic Titanic Shipyard Harland and Wolff Saved [Video]

What’s New

Spain’s state-owned Navantia has reached an agreement to acquire Harland & Wolff, the iconic Belfast-based shipyard known for building the Titanic.

The deal, subject to regulatory approval, secures the future of the storied shipbuilder and its operations across the United Kingdom.

Newsweek has contacted Navantia for comment via email.

Why It Matters

This acquisition represents a strategic move that bolsters the UK’s defense capabilities while safeguarding jobs in regions heavily reliant on shipyard work.

The deal is also significant for the EU-UK relationship post-Brexit, as it symbolizes deeper industrial cooperation in defense and maritime sectors. With the shipyards now integrated into Navantia’s operations, the move could position the company to compete for future UK contracts, including multi-role support ships for the country’s defense operations.