James Fisher signs multi-million contract for design and build of submarine rescue equipment

07:16 27/09/2019
StockMarketWire.com - James Fisher and Sons has announced 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.

This is 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 James Fisher and Sons, 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.'

Story provided by StockMarketWire.com

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