SWM Wins Multi-Ship Multi-Option Contract

United Defense Industries, Inc. subsidiary, Southwest Marine (SWM), has been awarded a contract from the Navy for pre-production planning for the repair, alteration and dry docking of the USS SHRIKE (MHC 62). The contract follows SWM's current 5-year contract for repairs to the Mine Countermeasure (MCM) class of vessels. Work on the ship is scheduled to start on May 26, 2004, and complete on August 20, 2004. The last availability is scheduled to complete in August of 2008. This award is issued as part of a multi-ship, multi-option contract expected to help stabilize the current SWM workforce in Ingleside. If the Navy exercises all options, the total contract amount could exceed $30 million. The options include work on 10 MCM class vessels and 10 Coastal Minehunter (MHC) class vessels, totaling 44 major availabilities.