VT Halter Marine's Drydock Opens Ahead of Schedule

Pascagoula, Miss. – November 6, 2013

Images by VT Halter Marine

(VT Halter Marine), a subsidiary of VT Systems, Inc. (VT Systems), today announced its newest facility, a 12,000 MT Floating Drydock, is now open for business and already has its first customers.

The dock, measuring 546 FT in length, 105 FT in bread th and with a depth of 46 FT, is part of an overall expansion plan at the south yard in Pascagoula. This is where VT Halter Marine is adding a repair facility for semi-submersible drilling rigs and Panamax-size ships.

The addition of the Floating Drydock will allow the company to grow into the ship-repair business and start a new stream of revenue to its existing new-build business. The dock will establish VT Halter Marine as a repair facility. It will also benefit the U.S. Gulf Coast Ship Repair Capability, as it will be the newest addition to any existing repair facility in the region. VT Halter Marine can now service not only the repair needs of its existing newbuild customers, it will also expand its repair capabilities to new customers and will most likely more than double its customer base for shiprepair business.

VT Halter Marine will now have a similar business model as its counterpart in Singapore, ST Marine, having both newbuild and repair capabilities. VT Halter Marine expects to create as many as 400 new jobs with the development of this new facility.

“VT Halter Marine is pleased to announce the start of repair operations, making this facility a one stop solution for our customers.” ~ Bill SKINNER Chief Executive Officer, VT Halter Marine

More information about the VT Halter Marine 12,000 MT Floating Drydock facility can be found at www.vthaltermarine.com, and click on the Services page.

VT Halter Marine is the marine operations of VTSystems. Based in Pascagoula, Miss., it is a leader in the design and construction of medium-sized ships in the United States. VT Halter Marine designs, builds and repairs a wide variety of ocean-going vessels such as patrol vessels, oil recovery vessels, oil cargo vessels, ferries, logistic support vessels and survey vessels. Please visit www.vthaltermarine.com.

VT Systems is a diversified company providing integrated engineering solutions to the commercial and government markets in the aerospace, electronics, land systems and marine sectors. VT Systems innovative solutions, products and services include aircraft maintenance, repair and modification; software solutions in training and simulation; satellite-based IP communications technology; network solutions that integrate data, voice and video; rugged computers and computer peripheral equipment; specialized truck bodies and trailers; weapons and munitions systems; road construction equipment; and ship design and shipbuilding. Headquartered in Alexandria, Va., VT Systems operates globally and is a wholly owned subsidiary of ST Engineering. Please visit www.vt-systems.com.

VT Halter Marine Inc. press release