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Aker Finnyards To Build $1.5 Million Fast Surface Combatant

Maritime Activity Reports, Inc.

February 20, 2001

Aker Finnyards and the Finnish Navy have agreed on a $1.5 million contract for the construction of another Hamina-Class Fast Surface Combatant.

The vessel, which will be delivered in April 2003, will have a length of 8.5 m, draft of 1.5 m and displacement of 200 tons. Comprised of aluminum and lightweight composite materials in the superstructure, the vessel's propulsion system will consist of two waterjets producing a speed of more than 30 knots.