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

Offshore

Transocean Prices Initial Public Offering

Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., has announced  the pricing of its initial public offering of 17,

Refurbished Seajacks Vessels Leave Shipdock Amsterdam

Seajacks Leviathan and Seajacks Kraken are prepared for their coming assignments, following a series of repair and renewal jobs by Shipdock Amsterdam. The shipyard,

Kurdish Crude Lightered, Destination Unknown

Part of a Kurdish oil cargo has been offloaded from a Greek-managed tanker into another tanker in the South China Sea, but mystery surrounds the identity of the

Navy

Montreal Could Become an Oil Export Hub

Montreal has emerged as an export base for Western Canadian heavy sour crudes as prospects to construct new pipelines to the British Columbia coast, Eastern Canada and U.

Former MSC Manager Sentenced on Bribes Charges

Former Afloat Programs Manager at the United States Navy Military Sealift Command (MSC), Kenny E. Toy, was sentenced to 96 months in prison for receiving bribes, the U.

Admiral on U.S. Navy & Asia Pacific Re-balancing Act

The commander of U.S. Pacific Command has briefed Pentagon reporters, discussing the U.S. rebalance to the Asia-Pacific region, successful engagement with partners

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pod Propulsion Salvage Ship Repair Ship Simulators 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: 0.1075 sec (9 req/sec)