LONDON (ShareCast) - (Sharecast News) - James Fisher and Sons said its subsidiary JFD had won a £30m contract with Daewoo Shipbuilding & Marine Engineering to design, build and deliver a deep search and rescue vehicle for the Korean navy, together with training and in-service support. The vehicle will be delivered in 2021.


Fisher chief executive Nick Henry said the deal "demonstrates our position of market leadership in the submarine rescue market".

"The vehicle is a variation of the two third generation vehicles recently delivered to the Indian navy," he said.

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