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Saturday, April 10, 2010

Singapore's VT Halter Lays Egyptian Keel

Fast Missile Craft (FMC)Singapore-owned VT Halter Marine laid the keel for the first of four Egyptian Navy stealthy Fast Missile Craft (FMC) vessels during a ceremony April 7 at a shipbuilding facility in Pascagoula, Miss.

The $807 million contract will provide the Egyptian Navy with four FMCs designed to perform coastal patrol, surveillance, interdiction, surface strike and naval battle group support. The U.S. Navy is procuring the ships for Egypt.

VT Halter, a subsidiary of ST Engineering, finalized the contractual portion for the fourth vessel in March for $165 million. The first FMC is scheduled for delivery in mid-2012 with final delivery of the last vessel in 2013, an ST Engineering source said.

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