# James Fisher and Sons Secure Four year contract extension worth £35m

- Link: https://www.directorstalkinterviews.com/james-fisher-and-sons-secure-four-year-contract-extension-worth-35m/412806110
- Published: 2020-02-21T07:36:40+00:00
- Author: Giles Arbor

**James Fisher and Sons plc** (LON:FSJ) has announced that its Perth, Australia 
based business, JFD Australia has agreed a c.£35m four year contract extension to
supply its world-leading submarine escape and rescue system to the Royal Australian
Navy (RAN) until December 2023 with an option to further extend to November 2024.

JFD is the world leader in the provision, operation and management of untethered
submarine rescue vessels. This involves sending a mini piloted vehicle to a distressed
submarine to rescue the crew on board and transfer them safely under pressure to
the ocean’s surface where they are able to receive potentially life-saving decompression
treatment in a specially-designed hyperbaric equipment suite.

This contract extension will create a number of full-time defence industry jobs 
which, working with JFD Australia’s highly skilled team will ensure that the submarine
rescue system is “rescue ready” and on standby to respond to a submarine emergency
anywhere in the world.

> **Eoghan O’Lionaird, Chief Executive Officer of James Fisher, commented:**
> “We are delighted to secure this four year contract extension from our valued 
> customer, the Royal Australian Navy. Keeping submariners and other defence force
> personnel safe remains our foremost priority. JFD Australia looks forward to continuing
> to be a reliable partner for the RAN through the ongoing delivery of its industry
> leading submarine escape and rescue service.”

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