The new Spanish military shipbuilder, Navantia, has been unveiled by Pedro Solbes, the Spanish government’s second vice-prime minister and economics minister, along with Enrique Martínez Robles, the Chairman of the state holding company Sociedad Estatal de Participaciones Industriales (SEPI), and the Chairman of the new company, Juan Pedro Gómez Jaén. The company, specializing in the design, construction and integration of military ships, is owned by SEPI and is the result of the desegregation of Izar’s military activities in line with the agreement reached in order to make publicly-owned shipyards viable. Mr. Solbes’ referred in his speech to the creation of this new company as the start of a new future for Spanish shipyards…