# Navantia operational and financial developments > Live situation record from CLSTR: https://clstr.news/situations/navantia-operational-and-financial-developments > Updated: 2026-08-25T05:15:00.000Z. Sources: 2. Developments: 2. The Spanish state shipbuilder Navantia is undergoing significant operational and financial shifts. In August 2026, the company announced a recruitment drive for 131 new engineering and technical positions across its sites in Ferrol, the Bay of Cádiz, Madrid, and Cartagena. These roles cover specialized fields including naval engineering, cyber-security, and hydrogen technologies to support expanding programs. This expansion follows a period of heavy state support; during 2025, the Spanish state provided 598 million euros to Navantia through three participatory loans granted by the State Society of Industrial Participations (SEPI) to strengthen the company’s equity. While Navantia achieved a record order book of 12.826 billion euros by the end of 2025, it reported a loss of 149 million euros for that year. The company noted that losses were partially attributed to investments in its international subsidiary, Harland & Wolff, in Belfast. Navantia has set a goal to return to profitability by 2027. ## Timeline ### 2026-08-25: Navantia receives 598 million euros in state funding The Spanish state injected 598 million euros into Navantia via SEPI loans to bolster equity, despite the shipyard reporting a 149 million euro loss in 2025 amid a record 12.8 billion euro order book. 2 sources. https://clstr.news/cluster/navantia-receives-598-million-euros-in-state-funding ### 2026-08-04: Navantia announces 131 new engineering and technical jobs at Spanish shipyards Navantia is hiring 131 engineers and technicians across its Spanish shipyards, with 51 jobs in Ferrol, 46 in the Bay of Cádiz, 22 in Madrid and 12 in Cartagena; applications close 15 Sept. 5 sources. https://clstr.news/cluster/navantia-announces-131-new-engineering-and-technical-jobs-at-spanish-shipyards --- Cite as: Navantia operational and financial developments. CLSTR, https://clstr.news/situations/navantia-operational-and-financial-developments