Rising out of the ashes of receivership, Hobart, Australia-based INCAT is back with a vengeance. After a setback this past year, the company, according to CEO Robert Clifford, is "well structured for the future." And the company is on its way to a speedy recovery with 2003 as it has just received two orders for the U.S. military and at press time, announced plans to have its debts repaid to the bank by the end of January 2003. The U.S. Army Tank-Automotive (TACOM) leased its premiere Theater Support vessel for the Army from Bollinger/INCAT USA, the Australian shipbuilder's joint aluminum shipbuilding venture in Louisiana. MR/EN: It's no secret that INCAT was in receivership last year — but is now emerging out of financial difficulty.