Norshipco and Metro (MRU.TO)
Machine have agreed to a teaming arrangement - further enabling the two companies to raise the level of services provided to the U.S. Navy.
The partnership between Norshipco
and Metro provides the Navy with the private sector capability and capacity in the Norfolk, Va. homeport to undertake large complex repair jobs, while concurrently performing other scheduled Navy repair work. The agreement allows crews to remain in Norfolk instead of having the work done outside the vessel's homeport area.
Additionally, the teaming agreement provides both companies with enhanced flexibilities in the use of their respective facilities - pertaining specifically to the more efficient scheduling and usage of the drydocks - and the ability of each company to achieve specialization in the parties' area of expertise. Despite the joint agreement, each company will still maintain separate core capabilities, ensuring surge capacity in response to customers' needs or potential crises.