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June 23, 2010

Marinette books further $19.3 million RB-M contract/h1>

Shipbuilder Marinette Marine Corporation today announced that, as prime contractor and program manager, it has been awarded an additional nine Response Boats Medium (RB-Ms) by the U.S. Coast Guard. With an approximate value of $19,300,000, the new boats are part of a multi-year, Coast Guard contract requiring the construction and delivery of up to 250 RB-Ms at a total contract value of up to $600 million.

Delivery of the nine latest boats is scheduled to begin in the third quarter of 2011. This brings the total number of boats under contract to 106 at the present time. Marinette Marine will build 50 percent of the boats at its ACE facility in Green Bay WI. MMC's Teaming Partner, Kvichak Marine Industries of Seattle, will build the other 50 percentat its Kent WA facility.

"Marinette Marine is very pleased to continue its longstanding and successful relationship with the U.S. Coast Guard," said Richard McCreary, president of Marinette Marine. "Federal government projects are among the most demanding for any shipbuilder, and the addition of the RB-M boats to our existing backlog of work is an excellent endorsement of our capabilities, service and quality. The RB-M program is a contract between the USCG and industry that successfully demonstrates the ability of the government and industry to partner in the fixed price design, construction, and delivery of a new class of boats on schedule and on budget.

MMC is owned by the Fincantieri Marine Group (FMG), a subsidiary of Fincantieri-Cantieri Navali Italiani S.p.A.


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