Investing.com | Editor Nikhilesh Pawar
Published Nov 17, 2023 01:21PM ET
SYDNEY – Austal Australia and Harland & Wolff Group have announced a memorandum of understanding (MOU) to collaborate on the construction of aluminum vessels, a strategic move aimed at bolstering the United Kingdom’s maritime security. The announcement was made during the Indo-Pacific Maritime Exposition held in Sydney today.
The partnership between the two shipbuilders is non-exclusive and is set to enhance shipyard capabilities through the transfer of next-generation technologies and specialized design skills for aluminum patrol boats. This collaboration is particularly significant as it plays a critical role in the UK’s extensive £700 million Border Force vessel replacement program.
CEO of Austal, Paddy Gregg, alongside John Wood, CEO of Harland & Wolff, have committed to joint efforts in securing new business opportunities within the shipbuilding industry. The initiative underlines their dedication to advancing the UK’s maritime capabilities, especially in light of the planned deployment of new £74 million Lethal Cape Class boats.
These new vessels are central to the UK’s strategy for retiring aging fleet units and are expected to play a pivotal role in combating organized crime and managing illegal migration. The partnership underscores a shared vision for innovation and excellence in maritime security and defense.
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Written By: Investing.com
