James Fisher Defence Limited, who operate the Royal Navy's submarine rescue service, has signed an agreement with the Government's Defence Sales Agency to acquire the operating assets of the UK submarine rescue service, for an undisclosed amount, in order to provide submarine rescue services to other nations. The company is working closely with the Defence Export Services Organisation to market its submarine rescue services worldwide.
James Fisher Defence Limited is a wholly owned subsidiary of James Fisher and Sons plc (FSJ.L), the UK's leading provider of marine services. Through its subsidiary, James Fisher Rumic Ltd, the company currently operates and maintains the LR5 manned rescue submersible, the Scorpio ROV and ancillary equipment under a contract to the Royal Navy and has played a key role in the development of the UK's world-leading submarine rescue capability.
The team, based in Renfrew, Scotland, was mobilised to the Kursk disaster in 2000 and in August 2005 rescued seven Russian submariners trapped in the mini-sub Priz at a depth of 625 feet off Russia's far eastern Kamchatka peninsula.
Commenting on the agreement, Roger Chapman, Vice Chairman of James Fisher Defence, said: 'This marks a significant step in the development and future plans for our submarine rescue capability.'
He added: 'I would like to commend the professionalism of our team, which works hand in glove with the Royal Navy and the other naval authorities as demonstrated in the dramatic rescue last year. The submarine rescue assets are on 24-hour standby to save the lives of crews of stricken submarines. We are pleased that we are now able to offer this service, using one of the only such systems in the world, to other nations' navies.'
November 2, 2006
Source: James Fisher Defence Limited