Fincantieri Clinches $90 Million Shipbuilding Contract with U.S. Coast Guard

On the occasion of the Cruise Shipping Miami Conference and Exhibition, the most important event of the year, Fincantieri announced it has been awarded a contract from the U.S. Coast Guard for the construction of 40 boats, scheduled for delivery in the second quarter of 2013.

With an approximate value of $89,600,000, the new boats are part of a multi-year, U.S. Coast Guard contract for the construction and delivery of up to 250 Response Boats – Medium (RB-Ms) at a total contract value of up to $600 million. This brings the total number of boats under contract to 166.

Marinette Marine Corporation, a U.S. Fincantieri company, will act as prime contractor and program manager and will build 50% of the boats at its ACE Marine facility in Green Bay, Wisconsin. MMC’s Teaming Partner, Kvichak Marine Industries of Seattle, will build the other 50% of the boats at its Kent, Washington facility.

Commenting the new order Giuseppe Bono, CEO of Fincantieri said: “We are very proud we can keep on serving the U.S. Coast Guard. This order confirms that the acquisition of our shipyards in the United States proved to be a winning strategy and allows our company to provide with top quality vessels not only the Coast Guard but also the U.S. Navy, as well as a wide range of non-government customers."

Photo (thumb): Example of Fincantieri coast guard patrol vessel