As Alexa wrote; 1. The company is wholly owned by the Spanish government. It would never contemplate exposing Navantia's customers to any sovereign risk. 2. The company has a healthy military order book with future Armada orders nearing reality and it's in a healthy contest for the FF(X) 3. The combined Navantia workforce has a great deal of political clout in the regions, especially Galicia. None of the above are prohibited by EU laws. For example a contract signed by Navantia Australia (Even though it maybe 100% owned by the Spanish Govt) and the Commonwealth of Australia is subject to Australian commercial law and not EU law. We dont know who are the parties to the contract - thus any speculation is just that.