A joint venture signed between Australia-based HI Fraser Group and Naval Group supplier Issartel will secure the domestic supply chain to support the $80 billion SEA 1000 Future Submarine program.
Managing director of HI Fraser Group Chris Williams was excited to announce the joint venture, officially signed at the recent Australia-France Defence Industry Symposium, saying, "This joint venture maximises Australian industry content (AIC), which is a key driving force behind the Naval Shipbuilding Plan. What we see is Issartel's expertise and understanding of Naval Group's exacting standards and HI Fraser's ability to manufacture locally, securing and de-risking the local supply chain."
HI Fraser and Issartel are leading the way for Australia-France defence industry collaboration with a view to supporting Australia’s Future Submarine Program. The joint venture supports future jobs and will grow the skills intellectual property transfer to supporting our national shipbuilding endeavour.
"Issartel are a trusted and existing supplier in the Naval Group chain. HI Fraser currently provides components for the Collins Class submarines, this means that together we will bring proven quality and capability at a low risk for Naval Group's work on SEA 1000," Williams said.
Based in Australia, HI Fraser was founded on a fundamental passion for fixing both complex and simple gas and liquid problems, and has operated for over 60 years, with the current ownership beginning in 1989.
Created in 1961, ISSARTEL industry is specialised in the management of mechanical, hydraulic and pneumatic industrial business.