Imtech Wins Defense Contract

Internatio-Mueller NV said its technology unit Imtech had won an order worth $35 million from British shipbuilder Swan Hunter. Imtech will provide technical systems for the first two of four amphibious transport ships which Swan Hunter, privately owned by Dutch millionaire Jaap Kroese, will build for the British Ministry of Defense. Negotiations are still taking place about similar orders for the two other vessels, Internatio said. The design of the ships is partly based on an amphibious transport vessel of the Dutch navy. The first of the four vessels is due to be completed by Swan Hunter at the end of 2003, and the second will follow in 2004. Internatio said this order would provide a basis for further and accelerated expansion of Imtech in Britain. Earlier this month, Imtech received orders worth 59 million euros from Munich, Amsterdam and Brussels airports. - (Reuters)