"Today’s award for NSMV 5 is valued at approximately USD 300 million, bringing the total order intake under the contract for the five-ship program to be approximately USD 1.5 billion," Philly Shipyard said.
“It is truly a great day for Philly Shipyard as we are now responsible for building the complete series of the NSMV program – a physical symbol of MARAD’s investment in the future of maritime education and training,” said Steinar Nerbovik, President and CEO of Philly Shipyard. “The NSMV program continues to mark a turning point in our Company’s transformation to serve both commercial and government markets.”
"The contract for the NSMV program has allowed Philly Shipyard to reconstitute its workforce as production ramps up. The total workforce at Philly Shipyard is currently around 1,200. It is expected that operations at Philly Shipyard will reach full capacity in mid-2022," Philly Shipyard siad.
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