BAE Systems to Build Platform Supply Vessels for Jackson Offshore Operators, LLC

  BAE Systems to Build Platform Supply Vessels for Jackson Offshore Operators,
  LLC

International Work Boat Show Booth #2417

Business Wire

NEW ORLEANS -- December 06, 2012

Jackson Offshore Operators, LLC has selected BAE Systems’ shipyard in
Jacksonville, Florida to build two new platform supply vessels (PSVs) that
will serve offshore drilling operations. The contract reflects continued
growth in U.S. commercial shipbuilding for BAE Systems and is another major
step forward in the company’s support to the oil and gas industry.

Each of the Jackson Offshore Operators vessels will be qualified under the
U.S. Jones Act and will measure 252 feet long and 60 feet wide. The contract,
which was announced at this week’s International Work Boat Show in New
Orleans, Louisiana, also includes options to build two additional PSVs in the
future.

The GPA 675J PSV design will be provided by Guido Perla & Associates, Inc. of
Seattle, Washington. The vessels will include an integrated Rolls-Royce ship
systems package inclusive of low-voltage active front end diesel electric
system and a complete Rolls-Royce propulsion package with Azipull propulsion
thrusters.

“We are very excited to be moving forward with the construction of two GPA
675J PSVs,” said Lee Jackson, president and chief executive officer of Jackson
Offshore Operators, LLC. “We are confident that BAE Systems can deliver the
vessel on time and on budget.”

“This contract is a good fit for BAE Systems in Jacksonville as the facility
has a proven track record and has been successful in the construction of
vessels to support the offshore market,” said Richard McCreary, vice president
and general manager of BAE Systems Southeast Shipyards.

“Our commitment to new construction in the commercial market is unwavering as
we continue to strengthen BAE Systems’ position as a highly competitive and
financially stable builder of technically sophisticated ships,” McCreary said.
“As our backlog grows, we will continue to build our workforce in
Jacksonville.”

The Jackson Offshore contract is part of a continued effort by BAE Systems to
increase the backlog of new construction work at its facilities in
Jacksonville and in Mobile, Alabama. The company is currently constructing two
dump scows and a trailing suction hopper dredge in Mobile with scheduled
deliveries in 2013 and 2014 respectively. In August, the Mobile facility was
awarded a contract to build two PSVs, with start of construction for the first
vessel to begin in January.

BAE Systems currently employs 630 people in Jacksonville and expects to hire
an additional 250 workers there by mid-2013.

BAE Systems is a leading provider of ship repair, maintenance, conversion,
overhaul and new fabrication construction for commercial, private and
government customers. The company operates six full-service shipyards in
Alabama, Florida, Northern and Southern California, Virginia, and Hawaii, and
offers a highly skilled and experienced workforce of more than 5,000
employees, dry docks, and unmatched pier space and ship support services. The
company also has proven commercial shipbuilding, module fabrication and robust
industrial fabrication capabilities at the Mobile and Jacksonville shipyards.

BAE Systems’ customer base includes industry leaders operating offshore energy
support vessels, oil exploration vessels, cargo ships, cruise ships, oil
transportation vessels and international carriers.

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Contact:

BAE Systems
John Measell
Office: 757-494-4674
Mobile: 757-419-9615
john.measell@baesystems.com
www.baesystems.com/shiprepair
 
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