James Fisher and Sons Plc - Submarine Rescue System Contract
James Fisher and Sons plc
James Fisher signs Submarine Rescue System contract
James Fisher and Sons plc (FSJ.L) ("JFS") today announces that its subsidiary JFD has been awarded a multi-million pound contract for the design and build of submarine rescue equipment, including advanced Deep Search and Rescue Vehicles (DSAR), as part of a comprehensive submarine rescue capability being provided to China Shipbuilding & Offshore International Co. Ltd.
JFD provides fast, safe and reliable subsea rescue services, solutions products, engineering services and training to 80 countries and 33 of the world's navies including the Royal Navy, Australian, Indian, Singapore, and South Korean Navies, as well as providing the NATO Submarine Rescue System.
Nick Henry, Chief Executive Officer of JFS, said:
"This contract award underlines JFD's position as market leader in the submarine rescue market, safeguarding the lives of submariners and providing a comprehensive submarine rescue capability to organisations around the world."