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 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Harkand: Expanding the Fleet, Growing a Global Business

International inspection, repair and maintenance (IRM) company Harkand aims to be a $1 billion company. MR’s Tom Mulligan recently met with John Reed, the company’s CEO,

HHI Orders Regasification Systems from Wärtsilä

South Korean shipyard Hyundai Heavy Industries (HHI) has ordered two seawater/propane based regasification modules from Wärtsilä. The systems are to be installed

Hitachi Gas Supply System Order for MHI

Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Hitachi Zosen Corporation for a high-pressure gas supply system enabling use of natural gas as fuel in marine engines.

Navy

HMAS Canberra Initial Operational Capability

The Royal Australian Navy’s Amphibious Ship, HMAS Canberra, has completed a graduated operational test and trials program to achieve a key milestone towards Initial Operating Capability.

Australian Defence Unveils Indigenous Artwork

Defence today unveiled an Indigenous painting at its Science and Technology headquarters in Canberra as a mark of respect for cultural diversity within the organisation.

Britain Pumps GBP500mln into Scottish Naval Base

The Royal Navy’s submarine base at Faslane – home to Britain’s nuclear deterrent – is to receive a more than 500 million pounds investment grant from the Government, reports Reuters.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.3356 sec (3 req/sec)