Swiftships Wins $18M Contract, Options Could Add $411M More

 

MORGAN CITY, La. (AP) — A Louisiana company has an $18 million contract to design and build a naval landing craft, and the Pentagon says likely options would add another $411 million.

Swiftships LLC of Morgan City is to finish the first Landing Craft, Utility 1700 by July 2020.

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The Navy could take 31 craft through 2027.

The Pentagon's announcement says options include product support; manuals; up to 10,000 hours of special studies; a technical data package; and orders for interim support, engineering and industrial services, training, and shipping. It says the most likely would make the total $429.4 million, without orders.

A list of contracts signed Friday said Swiftships was among five bidders. Most of the work will be in Morgan City, with 15 percent in Houston and 2 percent in Virginia Beach, Virginia.

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