Serco joint venture renews A$500m contract with Royal Australian Navy
Date: 17 Sep 2010
Serco Group plc (Serco), the international service company, announces today that its joint venture, DMS Maritime, has renewed its contract to support the Royal Australian Navy with a broad range of harbour and offshore services.
DMS Maritime is a 50/50 joint venture, owned by Serco and P&O Maritime Services.
The new ten-year Fleet Marine Services contract is valued at more than A$500m, has a potential one year extension, and is a renewal of the Port Services and Support Craft contract awarded in 1997.
The operating contract commences in October 2010 and includes: supplying and operating a wide range of fleet operations such as berthing and refuelling; conducting maritime training; commissioning and modifying vessels to suit local and international requirements; and, undertaking integrated logistics management. These services cover a wide range of support craft including tugs, fuel and water barges, and rigid hull inflatable boats deployed around the world.
In Australia, Serco has supported the Australian Defence Force for more than 15 years: providing garrison support to the army; maritime engineering and technical services to the navy; and, logistics, engineering standards policy advice and aircraft maintenance support to the air force.
Christopher Hyman, Chief Executive of Serco Group plc, said:
"I am delighted with this news. Over the last decade we have built a leading position in defence support services in Australia serving our customer. In renewing this Fleet Marine Services contract we have demonstrated our capacity to deliver real efficiencies and service improvements and we look forward to continuing our strong long standing partnership with the Royal Australian Navy."
For further information please contact Serco:
Charles King, Head of Investor Relations T +44 (0) 208 334 4122
Dominic Cheetham, Director of Corporate Communications T +44 (0) 208 334 4334
Marcus De Ville, Head of Media Relations T +44 (0) 208 334 4388
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