Swiftships Awarded Boat Contract for Egypt

For immediate release: Nov 3, 2008

November 2008, Morgan City, LA – Swiftships was awarded a fixed price contract for $13,414,450 build two 28-meter patrol craft for the government of Egypt. The contract was awarded by the U.S. Government utilizing foreign military sales funds. The program will be a co-production effort with two vessels completed at the Swiftships facility and a minimum of four vessels that will be kitted and shipped to Egypt for construction at a shipyard in Egypt. Swiftships will assist the government of Egypt in the development of a shipyard for the construction of the 28-meter patrol boats and future vessels. The vessels will be constructed using steel alloy for the hulls and aluminum alloy for the superstructure. The vessels will be built to ABS High Speed Navy Craft rules. Swiftships was the first shipbuilder to build a patrol craft to the ABS HSNC rules. Swiftships successfully built nine patrol vessels in 1984 that were the basis for the new contract. The Egyptian Navy is still using the existing vessels