January 19, 2001

NOAA contract for Friede Goldman Halter
Friede Goldman Halter, Inc.announced today that its Halter Marine unit had been informed by the offices of Senator Trent Lott (R-MS) and Senator Thad Cochran (R-MS) that it has been awarded a contract by the National Oceanic and Atmospheric Administration (NOAA).

It covers the detailed design and construction of the first of four Fisheries Research Vessels, designated the FRV-40 class. The contract also includes the provision of spare parts, technical services and options to build three additional ships. The total value of the base contract is $38.3 million: if all possible options are exercised, the total value of the contract could ultimately exceed $165 million.

Engineering of the first ship will begin immediately and construction will follow at Halter Marine’s shipyard in Moss Point, Mississippi, with delivery scheduled in 36 months. It is expected that the options for additional vessels will be exercised as Congress incrementally appropriates funds for them. The contract is expected to create approximately 150 new jobs at the Halter Moss Point shipyard.

The FRV-40 class vessels will have an overall length of 208 feet, a beam of 49 feet and a molded depth of 28 feet. They will be designed and built to the requirements of the American Bureau of Shipping and upon delivery will be classed ABS A1, AMS, ACCU, DPS-1, unrestricted service, and Ice Class C0. The four ships will be based in Kodiak, Alaska; Woods Hole, Massachusetts; Newport, Oregon; and Pascagoula, Mississippi.

"We are extremely pleased that NOAA has chosen Halter for this very significant program," said John Alford, chief executive officer of Friede Goldman Halter. "NOAA’s award reaffirms Halter’s leadership position in the design and construction of scientific research and surveillance ships."

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