Brief: Philly Shipyard Wins Major Training Ships Contract

Philly Shipyard ASA

08/04/2020 17:51

April 8 (Reuters) - Philly Shipyard ASA  PHLYS.OL :
    * REG-PHILLY SHIPYARD WINS MAJOR TRAINING SHIPS CONTRACT
    * AWARDED A CONTRACT FOR CONSTRUCTION OF UP TO FIVE NATIONAL
SECURITY MULTI-MISSION VESSELS (NSMV) FROM TOTE SERVICES
    * INITIAL AWARD IS VALUED AT APPROXIMATELY USD 630 MILLION
    * CONTRACT FOR CONSTRUCTION OF UP TO FIVE (5) NATIONAL
SECURITY
MULTI-MISSION VESSELS FROM TOTE SERVICES
    * IF ALL FIVE SHIPS ARE ORDERED AND BUILT IN SERIES, THEN
TOTAL
CONTRACT VALUE OF 5-SHIP PROGRAM WOULD BE ABOUT USD 1.5 BILLION
    * FINAL DESIGN AND PROCUREMENT WILL COMMENCE IMMEDIATELY
WITH A
SCHEDULED PRODUCTION START ON NSMV 1 IN EARLY 2021

Source text for Eikon:  ID:nGNEby10XM 
Further company coverage:  PHLYS.OL 

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