ASC and Jeumont Electric, maker of submarine propulsion and power generation systems, have confirmed plans to establish a joint Australian presence to pursue future business as Australia’s submarine sector undergoes an historic expansion.
Signed at Pacific 2019, the ‘Heads of Agreement’ establishes a steering committee to identify joint business opportunities across Australia’s Collins Class and Attack Class submarine programs, as well as Australia’s marine generator and rotating electrical machinery market.
Under the HoA, ASC and Jeumont Electric will explore a range of commercial arrangements for future work, including formal joint ventures, teaming and other contractual arrangements. The HoA confirms earlier collaboration between the two companies, agreed at the 2018 Submarine Institute of Australia annual conference.
ASC Chief Executive Officer Stuart Whiley said the strengthening relationship with Jeumont Electric created ‘natural synergies’ for the two leading organisations.
“This Heads of Agreement with Jeumont Electric will help to meet the future demands of both the Collins Class and Attack Class future submarine programs and identify diversification opportunities for both companies,” Whiley said.
“We look forward to jointly working with Jeumont Electric, in Australia and in France, to expand our capabilities and support Australia’s historic submarine industry expansion in coming years.”
Jeumont Electric already supplies the main propulsion and power generation systems to the Collins Class fleet and is seeking to provide its advanced permanent magnet propulsion motors to the Collins Class life-of-type extension program and the Attack Class future submarine program.