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Marine Log

February 29, 2008

Manitowoc awarded $35 million USCG contract

The Manitowoc Company today announced that it has been awarded an additional 18 RB-M vessels by the U.S. Coast Guard. With an approximate value of $35,000,000, the new vessels are part of a Coast Guard contract requiring the construction and delivery of up to 250 Response Boat-Medium (RB-M) vessels at a total contract value of up to $600 million. Manitowoc is the prime contractor and program manager for this multi-year project.

Delivery of the 18 boats will begin in the third quarter of 2009. This brings the total number of boats under contract to 30 at the present time. Manitowoc will share the construction of the boats equally with its RB-M team partner, Kvichak Marine Industries of Seattle, Washington.

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