Concerns over security and long-term energy costs will still drive the equipment market despite recent dips in fuel prices that have somewhat dampened interest in developing hybrid and electric drive propulsion plants for naval ships, predicted Greg Reed, a senior business development director for DRS Technologies.
"Fuel prices are low now, but [will] not always stay low," Reed said. "Regardless of fuel price, the more often you have to re-fuel a ship - when you are alongside the re-fuelling ship - you are more vulnerable ... [A hybrid and electric drive] gives you more time on station".
Outgoing US Navy (USN) secretary Ray Mabus echoed that point.
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