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Australia's ASC being split in three

Australian naval shipbuilder ASC splitting into three businesses.

By Richard Tomkins
Australia's ASC being split in three

ADELAIDE, Australia, Oct. 12 (UPI) -- Australian naval shipbuilder ASC is being officially split up into three separate companies -- shipbuilding, submarine sustainment and infrastructure.

The move announced by the federal government is to streamline the company's corporate structure. "The Board and management of Australian submarine and shipbuilder ASC today welcomed the Federal Government's announcement to separate the company into three businesses," ASC said.

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"The formal separation of ASC into shipbuilding, submarine sustainment and infrastructure companies builds upon the company's already successful operating model and positions the company to support Australia's future shipbuilding and submarine capability."

ASC Chairman Bruce Carter said in a company statement that ASC has operated separate submarine and shipbuilding businesses for the past two years.

"This operating model has enabled each business to focus its attention and allocate resources to deliver on their programs and pursue opportunities for future work," Carter said. "It has been a major contributing factor in the company's turnaround in the Collins-class submarine and Hobart-class air warfare destroyer programs."

The first of three Hobart-class air warfare guided missile destroyers is currently undergoing sea trials and is set for delivery to the Royal Australian Navy in June.

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