ASC Pty Ltd

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ASC Pty Ltd
Industry Shipbuilding[1]
Founded 1985; 32 years ago (1985)[2]
Founder Kockums
Chicago Bridge & Iron
Wormald International
Australian Industry Development Corporation
Headquarters Osborne, South Australia
Key people
Stuart Whiley
(Interim CEO)[3]
Products Naval Vessels[1]
Revenue Increase >$1 billion[4] (2015)
Profit Increase $29.2 million[5] (2017)
Owner Government of Australia[6]
Number of employees
Over 2,400[2] (2015)
Website asc.com.au

ASC Pty Ltd, formerly the Australian Submarine Corporation, is an Australian government business enterprise involved with Australian naval shipbuilding, headquartered in Osborne, South Australia. It is notable for the construction and maintenance of the Collins-class submarine fleet operated by the Royal Australian Navy (RAN) and the construction of three Hobart-class destroyers for the RAN with the first delivery expected in mid-2017.

History[edit]

The ASC construction facility on the Port River
HMAS Hobart under construction by ASC at Osborne

The Australian Submarine Corporation was formed when Kockums (designer of the Collins class submarine) became part of a joint venture with the Australian branch of Chicago Bridge & Iron, Wormald International, and the Australian Industry Development Corporation to construct the six vessels.[7]

The ASC construction facility was established on previously undeveloped land on the bank of the Port River, at Osborne, South Australia.[8] Work on the site began on 29 June 1987, and it was opened in November 1989.[8][9] South Australia had been selected as the site of the construction facility based on the proposed location of the facility and promises by the State Government to help minimise any problems caused by workers unions.[10]

By the end of 1990, Chicago Bridge & Iron and Wormald International had both sold their shares in ASC.[11] The shares were bought up by Kockums and the Australian Industry Development Corporation, with some of Kockums' shares then sold to James Hardie Industries to maintain an Australian majority ownership of the company.[11] On 5 April 2000, the shares in ASC held by Kockums were bought out and the company was nationalised, despite a trend by John Howard's Coalition government towards privatisation of government-owned companies.[12]

The company’s name was changed from the Australian Submarine Corporation Pty Ltd to ASC Pty Ltd on 1 October 2004 in order to position it as a supplier of naval combat vessels in addition to being a specialist submarine supplier and maintainer.[13] The name ASC was specifically selected to recognise the company’s “heritage and achievements.”[14]

In October 2016, the Federal Government confirmed that ASC would be dissolved into three companies focused on different elements of current ASC works. One would be dedicated to the Air Warfare Destroyers, one to continued submarine sustainment and development and one to infrastructure development. Dissolution is expected to be complete by 2017.[15][16]

Products[edit]

ASC rose to prominence in 1987 when it was contracted by the Australian Government to design and manufacture a fleet of six Collins class submarines for the Royal Australian Navy (RAN)[17] in what was the largest defence contract ever signed in Australia. Although the submarine project was marred with difficulties throughout the 1990s, upon completion the Collins class were hailed as the most advanced diesel-electric submarines in the world. The difficulties continued, however, and the very expensive Collins class submarines have been plagued with troubles and controversy ever since.[18][19][20] ASC maintains the six Collins class submarines for their operational lifespans under a A$3.5 billion contract with RAN.[21] To date, no other navy has expressed interest in buying a Collins class submarine.

In 2005, the company was selected by the Australian Government, ahead of two other bidders, as the preferred shipbuilder for three new AEGIS-based Australian air warfare destroyers (AWD) under the Sea 4000 project. The AWDs are scheduled to begin service in 2013.[22]

ASC will also construct twelve Shortfin Barracuda Block 1A diesel-electric submarines to replace the Collins-class submarine currently in service with the Royal Australian Navy.[23]

ASC also has contracts for production of Keka-class coastal patrol boats, produced in Hong Kong for use of Hong Kong maritime police, and the Series T.81 produced in Thailand for the use of the Royal Thai Navy.[24]

Possible privatisation[edit]

In February 2014, the National Commission of Audit recommended in its Phase One Report that the Commonwealth sell its interest in ASC.[1]

Notes[edit]

  1. ^ a b c "Market based solutions". Australian government, The National Commission of Audit. Retrieved 23 May 2015. 
  2. ^ a b "ASC – About Us". asc.com.au. Retrieved 26 April 2016. 
  3. ^ Executive, asc.com.au
  4. ^ Donnellan, Angelique. "Adelaide shipbuilder ASC records $22m profit, bouncing back from 2014 loss". ABC News (Australia). Australian Broadcasting Corporation. Retrieved 3 November 2015. 
  5. ^ Pisani, Ashleigh (1 November 2017). "Hoping to profit from top results". Westside Weekly (Newspaper.). Messenger. p. 11. 
  6. ^ "ASC – Board". asc.com.au. Retrieved 26 April 2016. 
  7. ^ Yule & Woolner, The Collins Class Submarine Story, pp. 76–80
  8. ^ a b Jones, in The Royal Australian Navy, p. 244
  9. ^ Yule & Woolner, The Collins Class Submarine Story, p. 127
  10. ^ Yule & Woolner, The Collins Class Submarine Story, pgs 87-8, 128
  11. ^ a b Yule & Woolner, The Collins Class Submarine Story, pp. 181–4
  12. ^ Yule & Woolner, The Collins Class Submarine Story, p. 312
  13. ^ Historical details for ABN 64 008 605 034 Australian Business Register
  14. ^ "Chairman's Report" (PDF). ASC Pty Ltd Annual Report 2004. p. 2. Archived from the original (PDF) on 30 March 2012. Retrieved 17 July 2012. 
  15. ^ "NUSHIP Hobart (III)". Royal Australian Navy. Retrieved 6 October 2016. 
  16. ^ Federal government announces Adelaide based shipbuilder ASC to be split into three companies ABC News 11 October 2016
  17. ^ "ASC". Department of Trade and Economic Development. August 2007. Archived from the original on 23 July 2008. Retrieved 3 August 2008. 
  18. ^ "AM – UK expert to head submarine review 20/07/2011". Abc.net.au. 2011-07-20. Retrieved 2011-12-27. 
  19. ^ "Ares Homepage". Aviationweek.com. Retrieved 2011-12-27. 
  20. ^ "Engine problems cripple Collins-class submarines". The Australian. 21 October 2009. 
  21. ^ Yule & Woolner, The Collins Class Submarine Story, p. 315
  22. ^ "Australian Submarine Corporation wins navy ship tender". The Advertiser. News Corporation. 30 May 2005. Retrieved 2008-08-03. [dead link]
  23. ^ Henderson, Anna (26 April 2016). "Australian submarines to be built in Adelaide after French company DCNS wins $50b contract". ABC News. ABC News (Australia). Retrieved 26 April 2016. 
  24. ^ "Australian ship builder to build landing craft for Royal Thai Navy". Pattaya Mail. Retrieved 2011-04-02. 

References[edit]