OSI Gets Australian Navy Contract

Thursday, March 04, 2004
Offshore Systems International Ltd. (OSI) announced that its teaming partner, Nautronix Ltd., has signed the final prime contract to supply the Royal Australian Navy with a fleet installation of OSI's ECPINS-MTM electronic chart navigation system. "We announced our selection by the Royal Australian Navy this past July, and we are pleased that the complex technical evaluations and prime contract negotiations are now fully complete," said John Jacobson, President and CEO of OSI.

"This procurement further expands our track record in the naval market, and it will significantly improve the Royal Australian Navy's ability to operate jointly with NATO-member navies. We would like to thank our Australia-based partners, Nautronix Ltd. and Scientific Management Associates, for their efforts and guidance in bringing the selection and contract process to a successful conclusion."

The total contract value to OSI Navigation Systems is approximately CDN$8 million and the contract is organized into two phases:

- The initial phase, representing approximately CDN$4.5 million in revenue to OSI, includes delivery of software licenses and some hardware installations beginning in September 2004. Management expects this revenue to be realized during the next 12-18 months;

- The second phase, representing approximately CDN$3.5 million in revenue to OSI, includes delivery of further hardware, training and the support services necessary for additional installations of the first phase software. The timing and scope of these deliveries is at the option of the Royal Australian Navy, however management of OSI is optimistic that this additional revenue can begin to be realized some 24 months after contract signing.

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

Contracts

UK North Sea Workers Give "Overwhelming" Support for Strike

Trade unions Unite and GMB said members working offshore in Britain's North Sea oil and gas industry had shown overwhelming support for industrial action in a consultative

Two ASD Tugs Delivered to URAG

URAG has taken delivery of two ASD 2411 Tugs to add to its existing fleet. Named Brake and Perfect, the new vessels have joined their sister ship Prompt in the

New Workwear Lifejacket Introduced

Ocean Safety has introduced a new range of workwear lifejackets.   The new Kru Workwear range completes Ocean Safety’s lifejacket offering, providing a wide choice

Maritime Security

Garamendi Introduces Bipartisan GPS Backup Bill

Congressman John Garamendi (D-Fairfield, CA), the Ranking Member of the House Transportation and Infrastructure Subcommittee on the Coast Guard and Maritime Transportation,

Indonesia Partners with China on Maritime

Indonesian President Joko “Jokowi” Widodo and Chinese President Xi Jinping pledged increased maritime cooperation during the formers visit to China.   The joint

China Strengthens Maritime Ties with Pak

The Vice Chairman of China's Central Military Commission General Fan Changlong has pledged to deepen maritime security and military technology cooperation during

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Ship Repair 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: 0.1316 sec (8 req/sec)