OSI, Raytheon Team for IBS Opportunities

Wednesday, August 24, 2005
Offshore Systems International Ltd. signed a teaming agreement with Raytheon Marine GmbH to pursue new opportunities in the international integrated bridge systems ('IBS') market. OSI also announced the first project under this partnership - to incorporate its world-leading warship navigation systems software ('WECDIS') into the Integrated Bridge System that Raytheon is installing on new destroyers being built for the Royal Navy in the United Kingdom.

"Working with Raytheon, we have the opportunity to be part of their IBS solutions going forward," said John Jacobson, President and CEO. "This new teaming agreement opens the door even wider to the new ship construction market."

The Royal Navy's new destroyer program represents six vessels with an option to increase to 12 vessels. In the last year, OSI has been selected for more than 25 new ships under construction worldwide, including in New Zealand and Australia.

Based on market data, OSI estimates the opportunity for electronic navigation systems for major combatant ships, submarines, specialty warfare craft, non-combatant vessels and naval ship-building programs is US$75 million annually.

"Within a relatively short period of time, we've seen this new-build market increase dramatically for us," said Jacobson. "We see lots more opportunity to leverage our technology into other growing market segments, such as rigid inflatables and non-combatant vessels, using a similar strategy."

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Electronics

KVH Promotes Bruun to COO

KVH Industries has  announced  that Brent Bruun, currently executive vice president of mobile broadband for the company, has been promoted to the newly created

Vesper Marine to Protect LIS Underwater Cables

Vesper Marine announced that it has provided its virtual Automatic Identification System (AIS) to New York Power Authority (NYPA) to protect submerged power cables in Long Island Sound.

Ocean Signal, AMI Marine Partner

Communication and safety at sea specialist Ocean Signal and manufacturer of marine electronic equipment AMI Marine have formed a new partnership to collaborate

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Sonar
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: 0.0559 sec (18 req/sec)