Fisher (James) & Sons plc Submarine Rescue System contract (8515N)

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RNS Number : 8515N

Fisher (James) & Sons plc

27 September 2019

27 September 2019

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."

Contacts:

 
 James Fisher and Sons                        Chief Executive 
  plc                     Nick Henry           Officer           020 7614 9508 
                          Richard Mountain 
 FTI Consulting            Susanne Yule                            0203 727 1374 
                         -------------------------------------  ---------------- 
 

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September 27, 2019 02:00 ET (06:00 GMT)