Ship Signature Control Technology News

VT Halter Marine announced a contract modification worth $165m by the US Navy for the Egyptian Navy’s Fast Missile Craft (FMC) project. This modification enables VT Halter Marine, as the prime contractor, to procure long lead time materials which include items, equipment and or components that need to be developed in advance of the required delivery dates due to their complex nature. VT Halter Marine secured the Phase I functional design contract for $28.8m on 30 November 2005. This contract modification was issued as a letter contract with a not-to-exceed price of $165m, which brings the total amount awarded on this program to approximately $194m. The program value could grow to more than $450m after Phase II is added to the contract.

VT Halter Marine Inc., secured a $28.8m contract award to develop a functional design of a Fast Missile Craft (FMC) for the Government of Egypt. The second phase of this program will include production design work and construction of up to three vessels. The program value could grow to more than $450m after Phase II is added to the contract. The Government of Egypt entered into agreements with the United States Government to purchase the Fast Missile Craft as a Foreign Military Sale (FMS), a program through which eligible foreign governments purchase defense articles, services, and training from the US Government. Completion of Phase I and start of Phase II are planned as seamless consecutive events.