Powered by MOMENTUM MEDIA

 

 

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

ASC celebrates profit and performance improvements

guided missile destroyer
AWD Hobart at the ASC Shipyard in Adelaide. Image via Commonwealth of Australia, Department of Defence.

Australia’s submarine maintenance and shipbuilding programs are going from strength to strength, according to ASC’s 2016-17 annual report.

The report revealed the organisation delivered a profit after tax of $29.2 million and an annual revenue of $811.1 million.

Advertisement
Advertisement

ASC chairman Bruce Carter said the improvements to productivity and efficiency were also to be celebrated, highlighting the success of the delivery of the first Air Warfare Destroyer (AWD) and improvements to the Collins Class sustainment program.

"For the first time in Collins Class history we celebrated a period where five submarines were in the water at the same time, the successful launch of the second future destroyer, Brisbane, and delivery of the first-in-class future destroyer, now HMAS, Hobart," Carter said.

ASC's interim chief executive Stuart Whiley said not only did its submarine business achieve better-than-benchmark performance in its core Collins Class submarine maintenance operations, but it continued to grow its capability to assist the Future Submarine program.

"Among the year’s highlights was a major upgrade to ASC’s Western Australian facility to improve efficiency; the federal government announcing that Collins Class sustainment was an 'exemplar Defence program' following a further review by Dr John Coles; and an agreement between ASC and the Commonwealth to extend ASC’s submarine maintenance contract into a further five-year performance period," Whiley said.

SPONSORED CONTENT

 

"ASC’s submarine workforce remains Australia’s leading expertise in submarine platforms, and in coming years can look forward to rewarding and challenging roles across Collins Class and future submarine-related operations." 

The full report can be viewed here.

ASC Shipbuilding has partnered with international ship designers Damen and Lürssen, along with Forgacs/Civmec, for the SEA 1180 project, which will see the construction of 12 vessels.

ASC celebrates profit and performance improvements
Guided-Missile-Destroyer.jpg
lawyersweekly logo

more from defence connect

Oct 19 2019
Hanwha Defense unveils Redback prototype
Hanwha Defense has shown off its prototype of the AS21 Redback infantry fighting vehicle (IFV), whic...
Oct 18 2019
Pentagon lawmakers echo Australia’s Syrian concerns
“ISIS will be back and the black flags will be back,” said the US’ readiness subcommittee chai...
Oct 18 2019
PODCAST: Maintenance and sustainment supporting Navy’s mission - RADM Wendy Malcolm
While much of the focus has been placed on the $90 billion Naval Shipbuilding Plan, an elite team wi...
FROM THE WEB
Recommended by Spike Native Network