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.
More top news
Schools in Newport have started using robots to help pupils develop their ICT skills as part of a drive to teach more people how to code.
Were you fooled? We've compiled a round-up of our favourite April Fools jokes from across Wales.
The latest poll focussed attention on how people intend to vote for Westminster but it also asked about next year's Assembly election.