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News Release

June 2007, Morgan City, LA - Swiftships was awarded a fixed price contract for $467,923 to complete the technical design of a 28-meter patrol craft for the government of Egypt. The contract was awarded by the U.S. Government utilizing foreign military sales funds and will be followed with a construction contract to be awarded in March 2008. 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.

July 2007, Morgan City, LA – Swiftships was awarded a $2,000,000 contract by the US Navy for improvement of the shipyard that will increase the company’s ability to reduce the impact of hurricanes. The US Government initiated the program after hurricane Katrina to ensure that gulf coast shipyards could protect the assets of the government that were under construction. The scope of work includes additional bulk heading, dredging, raising the level of the facility, and grounds improvement. The improvements will take approximately six months to complete.

January 2008, Morgan City, LA – Swiftships was awarded a $5,271,000 contract by the government of the Dominican Republic for the construction of four patrol boats. The vessels will be forty-six feet in length and will be constructed of aluminum alloy. The program will follow a contract in which Swiftships refurbished six existing vessels and supplied two new thirty-five meter patrol boats to the Dominican Republic. The six refurbished craft were as follows: (4) four – eighty five foot Sewart Seacraft patrol vessels and (2) two – one hundred and ten foot Swiftships vessels. The vessels were built between 1967 and 1984. The vessels hulls were inspected and repairs were made where required. The vessels were completely restored with new machinery, electronics, and interiors. The additional forty-six foot vessels will be delivered by midyear 2008.


Swiftships Shipbuilders L.L.C. Announces Major Additions To Backlog

24 September 2004, Morgan City, Louisiana --- Swiftships was awarded a firm fixed price Foreign Military Sales (FMS) contract for six (6) of Swiftships' Swift Protector Class patrol boats. These Swift Protector Class patrol boats are configured to meet the requirements of the Arab Republic of Egypt and were award to Swiftships by the Naval Sea Systems Command.

The Swift Protector Class patrol boat is an aluminum, waterjet propulsion high-speed patrol craft capable of having weapons up to 30 mm guns and significant electronics. The Swift Protector Class patrol boat is equipped with a high speed launching well for the boats Rigid Inflatable Boat (RIB).

Calvin Leleux, President of Swiftships, commented that for those that have counted Swiftships out, the wake you are following is a Swift Boat. This is the first of several contracts in the process of being awarded to Swiftships for our Military and Commercial Products. Over the next several weeks to months we expect to announce award that will bring Swiftships’ Backlog to record highs.

Jeff Perin, Director of Military Programs, added the Swift Protector is a state of the art patrol boat that has a lineage that dates back to Swiftships' 77 and 85' boats and even further to the Swift Boats built by our predecessor company Stewart Sea Craft. The Swift Protector was selected over all competitors’ designs and will now set the benchmark for quality, performance and cost worldwide. To all the Swift Boat veterans, we will have a new Swift Boat reporting for duty.


Swiftships Shipbuilders L.L.C. Announces Major Additions To Backlog

09 October 2004, Morgan City, Louisiana --- Jeff LeLeux, Director of Commercial Programs, states that Swiftships has signed a contract with Candy Fleet Corporation for the construction of a 170’ crew/supply vessel with options for future vessels. Cummins main engines and Hamilton waterjets power the vessel. These vessels are a new generation of crewboat when compared to the Swiftships’ crewboats supplied in the past to Candy Fleet. Changes in configuration and layout will make maintenance and upkeep easier and more convenient for the operator. Mr. LeLeux comments, “We are excited to get a commercial mix with the government programs that we have recently been awarded. Diversity is key in shipbuilding success. We appreciate the customer’s confidence in Swiftships and look forward to building more quality products for Candy Fleet and other commercial customers in the future.”