Perth-based shipbuilder Austal has inked a deal with global marine navigations systems developer Kelvin Hughes to sell and support its technology in Australia and New Zealand.
Kelvin Hughes’ key products include solid state radar sensors, low profile antennas, display and tracker technology, voyage data recorders and electronic chart displays.
Under the agreement announced today, Austal will sell and support Kelvin Hughes’ naval and marine products, including its transceivers and display systems.
Austal has provided systems maintenance, repair and integration services for Kelvin Hughes since 1993.
“We have developed a unique relationship with Kelvin Hughes over many years which we have now strengthened to best support our shared customer base,” Austal chief executive Andrew Bellamy said.
“We believe this agreement will provide enhanced value to these customers in terms of cost, expertise and operational efficiency.”
Mr Bellamy said the deal demonstrated Austal’s ability to leverage its in-house capabilities and market position to expand its business.
At close of trade today, Austal stocks were down 0.9 per cent, trading at $1.60.
