(Alliance News) - Marine engineering services company James Fisher & Sons PLC on Friday said it has secured a multi-million pound contract to design and build submarine rescue equipment for a Chinese state-owned shipbuilding conglomerate.
The contract, which was secured by the company's JFD business, includes building advanced deep search and rescue vehicles. The contract is part of a comprehensive submarine rescue capability being provided to China Shipbuilding & Offshore International Co Ltd, James Fisher 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," said James Fisher Chief Executive Officer Nick Henry.
China Shipbuilding & Offshore International is a part of China Shipbuilding Industry Corp, owned by Chinese government.
James Fisher shares were up 1.5% at 2,075.50 pence each in London on Friday morning.
By Tapan Panchal; tapanpanchal@alliancenews.com
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James Fisher and Sons (FSJ)