MJP Waterjets $12M Contract for Indian Coast Guard

Tuesday, September 07, 2010

MJP Waterjets won one of the largest contracts ever in the market for waterjets, worth $15.3m. MJP Waterjets will supply waterjets for 36 high-speed interceptor boats for the Indian coast guard. The high-speed interceptor boats will be designed and constructed by the Indian engineering and construction firm Larsen & Toubro, which is MJP Waterjets’s contractual party. Deliveries of waterjets will take place during 2010-2013.

The record order for the Indian coast guard is the company’s first order in India and now a total of 22 countries have selected MJP Waterjets for their governmental applications. The order was won in tough international competition, where technical performance and life cycle cost determined the choice of MJP Waterjets as supplier. These features have created MJP Waterjets’s strong market position in coast guard and navy vessels, says MJP Waterjets’s CEO, Hans Andersson.

MJP Waterjets’s sales in 2009 amounted to Euro 17,6 million with an operating margin of 10 % and an operating result of Euro 1,7 million. MJP Waterjets has achieved a compound annual revenue growth rate (CAGR) of 23 % over the past three years. MJP Waterjets has currently an order back-log worth Euro 33 million. The order to the Indian coast guard will also generate after-sales revenues in coming years.

www.mjp.se
 

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

Marine Propulsion

CMA CGM Chairman Visits Bow-Refitted Containership

During the recent call in Beirut, Lebanon, of the 'CMA CGM Columba', Mr. Jacques R. Saadé, CMA CGM Group's Chairman and Chief Executive Officer, visited the 11,400 TEU ship.

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Doosan Delivers a ‘World’s First’ to NASSCO

Doosan Engine has confirmed delivery of the world’s first dual-fuel, low-speed ME-GI engine to the American National Steel and Shipbuilding Company (NASSCO) shipyard in San Diego, USA.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators
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: 0.1060 sec (9 req/sec)