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FLOATING STEEL
Negotiators reach deal on acquisition of ThyssenKrupp Marine Systems
by Richard Tomkins
Linkoping, Sweden (UPI) Jun 30, 2013


KBR subsidiary to help sustain new Australian ships
Canberra, Australia (UPI) Jun 30, 2013 - The Australian subsidiary of Kellogg, Brown & Root has been selected to provide sustainment services to the country's new landing helicopter dock ships.

The two Canberra-class ships will be the largest vessels constructed for the Royal Australian Navy, displacing more than 30,000 tons.

The Capability Support Coordinator services contract is for a period of five years and carries a value of more than $48 million, the Department of Defense said.

"KBR will bring their world-class asset management expertise to the sustainment of Australia's new LHDs," said Minister for Defense David Johnston. "This will ensure the vessels are always ready to meet their operational commitments, and maximizes the availability of the ships throughout their 40-year lives."

The contract contains a mixture of fixed and tasked services.

The first LHD, the Canberra, began in 2008 and is scheduled to begin sea trials this year. Construction of the Adelaide began in 2010.

Additional details of the contract with Kellogg, Brown & Root Pty Ltd were not disclosed.

Saab announced on Monday that it has successfully completed negotiations with ThyssenKrupp Industrial Solutions for acquisition of its Marine Systems business.

The purchase price for ThyssenKrupp Marine Systems, formerly Kockums, is about $50.5 million and will be paid with currently available funds.

"This acquisition is in line with Saab's ambition to increase its capabilities in the naval domain." Saab said. "This move further strengthens Saab's status as a comprehensive supplier of military systems."

ThyssenKrupp Marine Systems designs, builds and maintains naval systems such as submarines and surface vessels. Other company products include air independent propulsion systems,

submarine rescue vehicles and mine counter-measures systems.

"Integration and development efforts will now begin to ensure that operations reach their full capacity," said Gunilla Fransson, head of Saab's Security and Defense Solutions business area. "It is important to achieve synergies with Saab's current naval business. This process must be allowed to take its course, but at the same time we begin deliveries of development, maintenance and production work to the Swedish market."

The transaction requires approval by the ThyssenKrupp board of directors and the Swedish Competition Authority.

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