OSI, Raytheon Team for IBS Opportunities

Wednesday, August 24, 2005
Offshore Systems International Ltd. signed a teaming agreement with Raytheon Marine GmbH to pursue new opportunities in the international integrated bridge systems ('IBS') market. OSI also announced the first project under this partnership - to incorporate its world-leading warship navigation systems software ('WECDIS') into the Integrated Bridge System that Raytheon is installing on new destroyers being built for the Royal Navy in the United Kingdom.

"Working with Raytheon, we have the opportunity to be part of their IBS solutions going forward," said John Jacobson, President and CEO. "This new teaming agreement opens the door even wider to the new ship construction market."

The Royal Navy's new destroyer program represents six vessels with an option to increase to 12 vessels. In the last year, OSI has been selected for more than 25 new ships under construction worldwide, including in New Zealand and Australia.

Based on market data, OSI estimates the opportunity for electronic navigation systems for major combatant ships, submarines, specialty warfare craft, non-combatant vessels and naval ship-building programs is US$75 million annually.

"Within a relatively short period of time, we've seen this new-build market increase dramatically for us," said Jacobson. "We see lots more opportunity to leverage our technology into other growing market segments, such as rigid inflatables and non-combatant vessels, using a similar strategy."

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Electronics

Northrop Grumman Enhances VMFT Software

Northrop Grumman Corporation announced that its latest VisionMaster FT (VMFT) software now includes ADMIRALTY Information Overlay (AIO) as an integral element of

OceanSaver Reports Surge in BWT Orders

OceanSaver said it has received a rush of ballast water treatment (BWT) system orders for large vessels. The Norwegian firm, a BWT specialist developing solutions since 2003,

Sperry Navigation Systems for 7 Bulk Carriers

Northrop Grumman Corporation has been awarded a contract by Peter Dohle Schiffahrts-KG to supply the Integrated Bridge Systems, including navigation, voyage data recorders and radio systems,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0923 sec (11 req/sec)