October 23, 2002

Bollinger/Incat gets Navy contract
Bollinger/Incat USA, LLC, Lockport, La., is being awarded a $21,737,389 fixed-price contract for the bareboat charter of a high speed vessel configured to support the U.S. Navy Mine Warfare Command. The vessel will serve as a test platform for experiments with advanced hull and propulsion technology integrated with advanced communications technology. This contract contains options which, if exercised, will bring the total cumulative value of this contract to $53,520,089. Work will be performed in Hobart, Tasmania, Australia, with delivery of the vessel to Ingleside, Texas, and is expected to be completed in June 2003. Contract funds will expire at the end of the current fiscal year. This contract was competitively procured via the Military Sealift Command web site and the Federal Business Opportunity site, with two offers received. The Military Sealift Command, Washington, D.C., is the contracting activity.

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