Free Republic

VT Halter Marine launches first of 4 vessels for Egyptian navy PASCAGOULA, Mississippi -- VT Halter Marine's Pascagoula yard launched the first of four Egyptian navy fast missile craft Thursday, marking a milestone in the ship's construction. The four-vessel contract represents an $807 million deal for the local shipbuilder. "It's clearly a great day," Halter Marine CEO Bill Skinner said. "This is the first of four, and it's been a great program for us, one that's provided hundreds of jobs." Skinner said the first vessel is on track for a fourth-quarter delivery next year. The fast missile craft is designed...

VT Halter to build fourth Egyptian patrol vessel By Harlan Kirgan March 30, 2010, 11:25AM PASCAGOULA, Miss. -- VT Halter Marine has been awarded a contract to build a fourth Fast Missile Craft for the Egyptian Navy, according to a news release from the company. The contract, worth about $165 million, with the U.S. Navy brings the total for the program to approximately $807 million, the company stated. "Halter Marine is proud to partner with the U.S. Navy in the construction of a fourth state-of-the-art FMC vessel, contributing toward the U.S. government's maritime strategy, which helps to secure partners around...