Friday, September 25, 2015

Civmec eyes 'multi-billion dollar' Australian submarine construction project

Civmec is hoping to be the lead contractor to design and build Australia's future "multi-billion dollar" submarine construction project, following the launch of its new defence division.

The engineering and construction services provider regards the submarine project as "one of a number of significant opportunities" in the defence sector.

Other potential projects include the maintenance and in-service support of Australian frigates, building of future ships and defence infrastructure construction, Civmec says.

The company plans to leverage its expertise as a specialist fabricator, constructor and project manager in the resources and infrastructure sectors to establish a strong presence in the defence industry.

Civmec appointed Mike Deeks CSC, a former Royal Australian Navy Commodore, as General Manager - Defence to head the unit.

Shares in Civmec last traded at 40 cents on Sept 22.

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