Austal Signs U.S. Military Deal

Tuesday, July 03, 2001
Austal Ltds has signed its first United States military charter deal which it hopes could prove a catalyst for major defense contracts. Austal shares climbed 20 cents to close at A$1.20 after the group announced it would charter a purpose built vessel for the deployment of U.S. Marines and equipment in the western Pacific. The 100-m high speed so-called Theatre Logistics Vessels (TLVs) can transport a battalion of more than 950 marines and up to 550 tons of equipment. "Clearly what it does is it gives us entry into one of the largest markets in the world eventually, we can only see blue sky," Austal managing director Bob McKinnon said. He said Austal was interested in reports the U.S Army may need up to 14 vessels, although no tenders had been called or approaches made to the company so far. Western Australia-based Austal will lease its A$90 million TLV to the U.S Marine Corps for an initial two-month trial in operations between Japanese ports. Austal did not disclose the value of the contract, but said it was expected to be extended. The contract cements Austal's move away from the slowing ferry building business into defense and other specialist charter operations, with emphasis on its U.S. operations. "Certainly the military in general, and if you are going to talk military you have to talk U.S, has been a very deliberate part of that strategy," McKinnon said. - (Reuters)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Offshore Casualty: Harkand Group Collapses

As the prolonged slump in energy prices continues to drag on a number of oil and gas and maritime players, word has it that Harkand Group has succumbed, according to staff reports and a report on www.

Skandi Paraty Delivered and On-hire

Skandi Paraty, owned by Norskan Offshore Ltda, has been delivered from the yard and went on-hire on a four years contract with Petrobras.   Skandi Paraty is an AHTS,

ABB Transformers for the Most Powerful Wind Turbines

ABB will deploy 40 special transformers to equip wind turbines for an offshore wind farm in the Irish Sea. The MHI Vestas Offshore Wind turbines are 195 m (640

Navy

This Day In Naval History: May 5

1943 - USS Permit (SS 178), USS Snook (SS 279) and USS Sawfish (SS 276) damage two Japanese ships and sink two freighters and a gunboat.   1944 - The hospital ship,

SharpEye Radar Installed and Commissioned on SAS Drakensberg

Kelvin Hughes, a company in the design and supply of navigation and security surveillance systems, has announced the installation and commissioning of a SharpEye

Arabian Shipping at Risk of Al Qaeda Attack

Al Qaeda's Yemen branch remains a powerful force and poses a growing risk to merchant ships in vital waterways nearby despite efforts by Yemeni government forces

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0731 sec (14 req/sec)