Marinette Marine Awarded Additional Coast Guard Response Boats (Medium)

MARINETTE, WI.  May 22, 2013 – Marinette Marine Corporation a Fincantieri Company, today announced that, as the Prime Contractor and Program Manager, it has been awarded an additional 4 Response Boats – Medium (RB-Ms) by the U.S. Coast Guard.

With an approximate value of $9,400,000, the new boats are part of a multi-year, Coast Guard contract requiring the construction and delivery of up to 250 RB-Ms at a total contract value of up to $600 million.

Delivery of the 4 boats is scheduled to begin in the third quarter of 2014. This brings the total number of boats under Contract to 170. Marinette Marine builds 50% of the boats at its ACE facility in Green Bay WI. MMC’s Teaming Partner, Kvichak Marine Industries of Seattle, builds the other 50% of the boats at its Kent, WA facility.

“Marinette Marine Corporation is proud to partner with the United States Coast Guard to build the Response Boat-Medium. Our long history of delivering on schedule and within budget is a testament to our dedicated workforce and our commitment to quality and integrity in supporting the USCG’s mission,” said Chuck Goddard, President and CEO of Marinette Marine Corporation. “We look forward to continuing this long and successful relationship.”

About Marinette Marine Corporation

MMC was established in 1942 and since that time has designed and built over 1500 vessels for a wide range of government and commercial customers, including the U.S. Navy and U.S. Coast Guard. Other current MMC programs include the construction of the U.S. Navy Littoral Combat Ship (LCS), a high-speed, leading-edge-technology ship; the University of Alaska, Fairbanks— Alaska Regional Research Vessel (ARRV); the U.S. Coast Guard Response Boat Medium (RBM); and the National Oceanic and Atmospheric Administration (NOAA) Fisheries Survey Vessel 6. MMC is owned by Fincantieri Marine Group LLC, a subsidiary of Fincantieri-Cantieri Navali Italiani S.p.A.