James Fisher Seals $273 M Submarine Rescue Deal in India
James Fisher Defence, part of James Fisher and Sons (JFS), has been awarded a £193 million ($273 million )contract by the Indian Navy for the long-term provision of its submarine escape and rescue capability.
The contract entails the design and production of two complete submarine rescue systems for £83m by December 2018 and will be assembled and produced at JFD’s Inchinnan facility, near Glasgow, UK.
In addition, a 25 year in-service support contract covering all aspects of the operation and maintenance of the system will start when the vessels are put into service in India.
Two complete submarine rescue systems will be delivered to the Indian Navy including Deep Search and Rescue Vehicles (DSRV), Launch and Recovery Systems (LARS) equipment, Transfer Under Pressure (TUP) systems and all logistics and support equipment required to operate the service.
Nick Henry, chief executive officer of JFS, said: “As the global leader in submarine rescue services, James Fisher has been awarded the contract by demonstrating, through its work with the Royal Navy, the Australian Navy and the Singapore Navy, a commitment to the safety of the global submarine community over many years. We look forward to working with the Indian Navy at the start of this long term relationship.”
List of related news articles
-
Posted: 11 days ago
James Fisher ups outlook on better Q4
Marine services player James Fisher and Sons has upgraded its outlook on annual performance followin...
Posted: 11 days ago -
Posted: 5 months ago
James Fisher Offshore aims for 35% decommissioning cost-reductions
James Fisher Offshore (JFO) has upscaled its operations to meet the international hydrocarbon sector...
Posted: 5 months ago -
Posted: 2 months ago
Alcatel Submarine Networks grabs EAUFON cable deal
Alcatel Submarine Networks, part of Nokia, has won the Eastern Arctic Undersea Fiber Optic Network (...
Posted: 2 months ago -
Posted: 2 months ago
IRClass classes India's first FSRU
Indian Register of Shipping (IRClass) has classed India’s first FSRU marking a milestone in India’s ...
Posted: 2 months ago