2001 Maritime
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October 16, 2001

Manitowoc wins $82.4 million USCG icebreaker contract
The Manitowoc Company, Inc. announced yesterday that the United States Coast Guard has awarded Manitowoc Marine Group an $82.4-million contract to build a new Great Lakes ice breaker.

The new vessel, which is currently unnamed, will be approximately 240 feet long, 60 feet wide, and will displace 3,500 long tons. In addition to breaking ice to keep shipping lanes open on the Great Lakes, the multi-mission vessel will service aids to navigation, as well as performing search and rescue, pollution control, security, and law enforcement duties from its homeport of Cheboygan, Michigan.

"With this contract, Manitowoc Marine Group has been awarded more than $200 million in shipbuilding contracts in October alone, providing additional validation of our strategic decision to acquire Marinette Marine last year,"said Terry D. Growcock, Manitowoc's president and chief executive officer.

Tom Byrne, president of Manitowoc Marine Group, added, "We plan to build the ice breaker at Marinette Marine under a contract that will span more than three years "'

The new ice breaker, which will be delivered in 2005, replaces the Mackinaw, a 290-foot Coast Guard cutter that was built in 1944.

Manitowoc says key factors in landing the contract included the company's technical and engineering capabilities, management expertise, and cost competitiveness.

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