International Maritime Platforms International News

Radix Marine, Inc, a marine vessel development company specializing in homeland defense initiatives, announced today that it has entered into an agreement to acquire, through an Equipment Lease and Purchase Agreement, the GB Challenger Class Craft, the working prototype of the company's high-speed unmanned patrol watercraft. Radix Marine will own the GB Challenger outright at the conclusion of the five-year lease with Blue Ribbon Leasing and Financial, Inc., which acquired the craft from the builder. Radix Marine had previously arranged for the lease of the GB Challenger but decided against finalizing the agreement in lieu of focusing its efforts on other markets.