The Welsh Government says it welcomes the new deal between Llangennech-based company Hydro Industries and US giants T&T Salvage and will 'continue to support them' in their venture.
The agreement is set to create 100 jobs in Wales.
I welcome this new venture involving two companies that between them have the potential to bring about real environmental benefits through mitigating the damaging effects of disasters, whether they be natural or man-made.
This agreement today will not only launch Hydro into the US emergency response arena – a truly significant market - but will also generate a good number of high quality jobs in Wales.
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There'll be bracing winds and heavy showers this afternoon and expect a wet and windy start on Monday morning.
Carl Edwards and guests look back at the week's events in the latest edition of Newsweek Wales.
A Yellow Warning has been issued by the Met Office as gale force winds and showery rain affect areas across Wales.