Filed under: Business Line, Companies, Countries, Egypt, Events, Press Releases, production program, VT Group
VT HALTER MARINE WINS US$165M CONTRACT TO BUILD 4TH FAST MISSILE CRAFT
Bringing total project value to US$807m
Pascagoula, MS, 29 March, 2010 – VT Halter Marine Inc. (VT Halter Marine), a subsidiary of VT Systems Inc. (VT Systems), today announced that it has secured an undefinitized contract in excess of US$165m with the US Navy for a fourth Fast Missile Craft (FMC) for the Egyptian Navy. This most recent contract brings the total value for the FMC project to approximately US$807m. Work on this fourth FMC will commence by mid 2011 and delivery is expected by end of 2013. VT Halter Marine has begun construction on the first FMC which it expects to deliver by mid 2012.
VT Halter Marine announced on 1 December 2005 that it had secured the initial Phase I functional design contract for approximately US$29m. Two subsequent contract modifications were awarded in November 2006 and June 2007 respectively for procuring the FMC project’s long lead items which added US$206.5m to the contract. Subsequent changes in the scope of work further increased the Phase I contract value to US$249.2m. With the award of Phase II of the FMC project in September 2008, the total contract value awarded to VT Halter Marine for the first three FMCs amounted to US$642m. This latest US$165m contract reflects non-recurring cost reductions from the first three vessels contracted earlier and government furnished equipment which was previously provided by VT Halter Marine.
The FMC is designed to perform coastal patrol, surveillance, interdiction, surface strike and naval battle group support for the 21st century. The vessels will allow the Republic of Egypt to maintain the security of its coastal regions for both itself and friendly countries, while denying access to the areas by any potential adversaries. Each vessel will be approximately 62m in length and will incorporate ship signature control technology. High speed and maneuverability are two of the ship’s primary assets to fulfill these roles. The vessels will also incorporate numerous combat system assets and electronic sensors, equipping the vessels with capabilities in anti-aircraft, anti-surface and electronic warfare.
“Halter Marine is proud to partner with the US Navy in the construction of a fourth state-of-the-art FMC vessel, contributing towards the US Government’s maritime strategy which helps to secure partners around the world.”
Chief Executive Officer, VT Halter Marine
VT Halter Marine, the marine operations of VT Systems, is based in Pascagoula, Mississippi and is a leader in the design and construction of medium-sized ships in the United States. VT Halter Marine designs, builds and repairs a wide variety of ocean-going vessels such as patrol vessels, oil recovery vessels, oil cargo vessels, ferries, logistic support vessels and survey vessels. Please visit www.vthaltermarine.com.
VT Systems is a diversified company providing solutions to the commercial and government markets in the aerospace, electronics, land systems and marine sectors. VT Systems products and services include aircraft inspection, maintenance and modification; software solutions in training and simulation; satellite-based IP communications technology; network solutions that integrate data, voice and video; rugged computers and computer peripheral equipment; specialized truck bodies and trailers; weapons and munitions systems; road construction equipment; and shipbuilding. Headquartered in Alexandria, Va., VT Systems operates globally and is a wholly owned subsidiary of ST Engineering. Please visit www.vt-systems.com.
Filed under: Business Line, Companies, Contract Awards, Countries, Department of Defense, Egypt, Events, FMS, Lockheed Martin, Military Aviation, production program, Services
Fresh off of a recent sale of F-16 fighters to Morocco Lockheed Martin announced a further deal with a North African country. Egypt through the U.S. Air Force will go ahead and purchase up to twenty-four of the aircraft. These two deals will help keep the production line open for several more months. The U.S. and many of its allies are moving out with the F-35 JSF as a replacement for the F-16 Falcon which has been in use for thirty years.
Filed under: Agusta Westland, Business Line, Companies, Contract Awards, Countries, Egypt, Events, logistics, Military Aviation, Press Releases, Services, U.S. Navy
AgustaWestland North America Awarded U.S. Navy Contract
RESTON, Va., Nov. 17 /PRNewswire/ — AgustaWestland North America (AWNA) is pleased to announce that it was recently awarded a $17.35M U.S. Navy contract to provide depot level maintenance on three Egyptian Mk-2 variant H-3 helicopters. The contract provides full funding for this effort, which began in November 2008, and calls for complete refurbishment of the aircraft structure and all aircraft components. AWNA will also complete all safety checks to ensure the aircraft are flight ready.
Work will be carried out at the company’s 88,000 square foot maintenance repair and overhaul facility in Hagerstown, Maryland. Up to 20 new employees are expected to be added to the existing staff of 26 at Hagerstown Airport. All work on the H-3 helicopters is estimated to be completed in December of 2010.
“AgustaWestland North America is honored to receive this contract from the U.S. Navy,” said AgustaWestland North America Chief Executive Officer, R. Scott Rettig. “I am proud of our team and our close working relationship with the U.S. Navy. I look forward to future growth and successes of our Hagerstown operations, as we continue to expand our U.S. footprint and meet the specific needs of the U.S. Navy and Department of Defense.”
AgustaWestland North America, a subsidiary of AgustaWestland, a Finmeccanica company, is FOCI mitigated and responsible for the company’s U.S. government programs. AgustaWestland is a global leader in designing, manufacturing and supporting the world’s most technologically advanced helicopters. With more than 100 years of experience in the aerospace industry, AgustaWestland provides a full range of rotorcraft for every commercial, government and military application, and an unrivalled capability in training and support solutions.
For further information please contact:
Email: [email protected]
Source: AgustaWestland North America
Filed under: Business Line, Companies, Contract Awards, Egypt, Events, General Dynamics, logistics, production program, Services, U.S. Army
The Egyptian Government moved to buy equipment to upgrade their M1 tank manufacturing line. The tank has been produced their under agreement with the U.S. and General Dynamics. GD signed a contract worth about $45 million to provide the tools, gauges, fixtures and machine tools. This will allow the line to produce an upgraded variant of the tank.
The U.S. has been providing Egypt with significant amounts of modern equipment as part of the aid promised once they signed the peace agreement with Israel. This has extended to aircraft, radars, vehicles and other hardware. There has also been training, maintenance and production help. Prior to this the Egyptians relied on Soviet designed and made equipment as they fought the four wars with Israel between 1948 and 1973.