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OBAMA OFFSHORE DRILLING POLICY
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April 23, 2010

Marinette Marine awarded 30 more RB-M's

Fincantieri Marine Group member Marinette Marine Corporation, reports that, as the Prime Contractor and Program Manager, it has been awarded an additional 30 Response Boats - Medium (RB-M) by the U.S. Coast Guard. The award is worth about $63.6 million and is part of a multi-year, Coast Guard contract for the construction and delivery of up to 250 RB-M's at a total contract value of up to $600 million. This latest award brings the total number of boats under contract to 97

Delivery of the 30 latest boats is scheduled to begin in the third quarter of 2011. Marinette Marine will build 50 percent of the boats at its ACE facility in Green Bay Wisconsin. MMC's Teaming Partner, Kvichak Marine Industries of Seattle, will build the other 50 percent of the boats at its Kent, Washington, shipyard.


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