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

Offshore

Ocean Rig, Petrobras Agree to $1.1b Drill Ships Lease

Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to

GAO: Ending Crude Export Ban Could Ease 'Price at the Pump'

As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.

Autonomous Technology for Offshore Wind Farm

ASV Ltd in association with Planet Ocean Ltd, have received funding from the GROW:OffshoreWind initiative to investigate how the use of Autonomous Surface Vehicles

Navy

Mount Whitney Departs Batumi, Georgia

The U.S. 6th Fleet command and control ship USS Mount Whitney (LCC 20) departed Batumi, Georgia, Oct. 18 after completing a successful port visit. While in Batumi,

USS Constitution Not to Set Sail Until 2018

The crew of USS Constitution embarked on their final Boston Harbor underway demonstration aboard Old Ironsides this year, Oct. 17. Constitution set out into

US Navy to Christen Littoral Combat Ship Detroit

The Navy will christen littoral combat ship (LCS) Detroit, on Oct. 18 during a ceremony at Marinette Marine Corporation shipyard in Marinette, Wisconsin. Secretary of the Navy Ray Mabus,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair
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: 0.1398 sec (7 req/sec)