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

Offshore

Crowley Receives Heavy-Lift Deck Barge in Singapore

Crowley Maritime Corporation’s solutions group announced today that it has received the first two of potentially four, new heavy-lift, ballastable deck barges (HDBs)

Signet Transports Second LLOG Rig to GofM

On September 14, five Signet Maritime ASD/Z-Drive tugboats, the SIGNET ENTERPRISE, SIGNET RELIANCE, SIGNET MAGIC, SIGNET WEATHERLY, and SIGNET VOLUNTEER successfully

OC Selects Siemens Blue Drive PLUSC Propulsion Solution

Siemens Blue Drive PLUSC Low Voltage Propulsion Solution providing reliability, Safety, increased fuel efficiency, reduced greenhouse gas emissions (Methane, NOX

Navy

EDGE Facility to Develop, Deliver Security Capabilities

Center in Nova Scotia will focus on rapidly delivering new technologies and capabilities to the Royal Canadian Navy as they transition to future fleet.    General

Northrop Grumman Advances Unmanned Maritime Capabilities

Innovative unmanned systems program moves forward to Phase II.   Northrop Grumman Corporation (NYSE: NOC) is developing new, advanced unmanned systems to support

VADM Hilarides Commander, Naval Sea Systems Command

Vice Adm. William Hilarides, the commander of the Naval Sea Systems Command (NAVSEA), recently spoke to a small group of reporters about his vision for NAVSEA and

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.1112 sec (9 req/sec)