23 March 2016
Fisher's win big contract.
James Fisher wins significant £193 million submarine rescue service contract with the Indian Navy.
JFD, the leading global subsea operations and engineering company and part of James Fisher and Sons plc (JFS), announces that it has been awarded a £193m contract by the Indian Navy for the provision and long term support of its submarine rescue capability.
The contract includes the design, build and supply of two complete submarine rescue systems, and a 25-year all inclusive annual maintenance contract. This further enhances JFD's worldwide submarine rescue service presence following last year's announcement award of a £12.1m contract by the UK Ministry of Defence for operation of the NATO Submarine Rescue System (NSRS). With this additional contract, JFD will be delivering submarine rescue services to 6 of the most advanced navies in the world confirming the leadership in this elite niche.
JFD will provide two complete fly-away submarine rescue systems, including Deep Search and Rescue Vehicles (DSRV), Launch and Recovery Systems (LARS) equipment, Transfer Under Pressure (TUP) systems, and all logistics and support equipment required to operate the service. The equipment will be designed, manufactured, integrated and tested by JFD prior to shipping to India for final commissioning and trials.
The service support will be managed in country by a team of experienced JFD engineers. Over the life of the contract, the JFD team will train local teams of engineers to maintain the systems, employing the knowledge it has gained through years of operating world-class submarine rescue services with navies across the world and creating an indigenous expert submarine rescue capability. The service contract allows JFD to share best practice, expertise and commonality of approaches, which will serve to benefit the entire global submarine community.
The twin India systems draw on JFD's extensive experience of manufacturing and operating submarine rescue systems and will be JFD's first third-generation rescue systems. The innovative system designs and tightly integrated components will ensure Time-to-First-Rescue - the time measured between deployment of the system and commencement of the rescue itself- is minimised. The systems are heavily optimised for ease of transport and speed of mobilisation to a Vessel of Opportunity. These advancements demonstrate JFD's commitment to continual improvement of the operational capability of its submarine rescue services worldwide and serve to increase the likelihood of a successful rescue operation.
Giovanni Corbetta, managing director of JFD, said:
"It is essential to the safety of submariners across the world that submarine rescue services are not just fit-for-purpose, but world class in capability, upholding the highest standards in safety and quality. The decision to entrust JFD with the supply of two submarine rescue systems is testament to the breadth and depth of our engineering expertise, and the diligence with which our submarine escape and rescue teams deliver these services."
Nick Henry, chief executive officer of JFS, said:
"As the global leader in submarine rescue services, James Fisher has been awarded the contract by demonstrating, through its work with the Royal Navy, the Australian Navy and the Singapore Navy, a commitment to the safety of the global submarine community over many years. We look forward to working with the Indian Navy at the start of this long-term relationship."