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VT Halter Marine to Build Articulated Tug Barge Unit with an Option Unit for Bouchard Transportation

Pascagoula, Miss. – VT Halter Marine, Inc. (VT Halter Marine), a subsidiary of VT Systems, Inc. (VT Systems), today announced a new contract to build an Articulated Tug Barge (ATB) unit with an option unit for Bouchard Transportation Co., Inc. (Bouchard). The option must be exercised within 60 days of the initial contract award.

The barge measures 625 feet by 91 feet by 47 feet, has a 250,000-barrel capacity, and will be used to transport liquid petroleum. The barge is ABS and USCG certified for Jones Act service. The 10,000hp twin screw ATB tug is classed by ABS as .A1 Towing Vessel, Dual Mode ATB, USCG Subchapter M, and will be equipped with an Intercon Coupler System.

Construction of the unit begins April 2013 at VT Halter Marine’s Pascagoula facility, with delivery scheduled for mid 2015. This unit will enter into Bouchard’s fleet service in New York, N.Y.

“We are pleased to enter into this contract with VT Halter Marine for the construction of the ATB M/V Bouchard Boys and B.No.270, with an option for the construction of a second unit. The Bouchard Boys & B.No.270 will compliment Bouchard’s growing gulf coast fleet and further our ongoing commitment to the Jones Act. Bouchard is pleased to have chosen VT Halter Marine for this project due to our long relationship and history of successful projects.” ~ Morton S. BOUCHARD III, President/CEO, Bouchard Transportation

“We appreciate Bouchard Transportation’s confidence in VT Halter Marine and we’re delighted to continue our relationship with this long-standing and valued customer. Our team looks forward to delivering another quality built ATB unit to the Bouchard Family.” ~ Bill SKINNER, Chief Executive Officer, VT Halter Marine

VT Halter Marine is the marine operations of VT Systems. 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 an engineering company providing integrated 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.

Media Contacts:

Leslie Rose Corporate Communications
VT Halter Marine
Phone: (1) 228 696 6860
Fax: (1) 228 696 6899
Email: corporatecommunications@vthaltermarine.com

Edward Szeto
Manager, Corporate Communications
VT Systems
Phone: (1) 703 739 2610
Fax: (1) 703 739 2611
Email: eszeto@vt-systems.com

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