U.S. Marine Management, a subsidiary of Maersk Line, has secured a contract for operation and maintenance of seven roll-on/roll-off vessels from the U.S. Navy’s Military Sealift Command.
Namely, the Virginia-based company received a USD 34.7 million modification under the previously awarded firm-fixed-price contract to fund the first one-year option period. The deal is related to seven USNS Bob Hope class surge large, medium-speed vessels.
This contract includes a 12-month base period, four 12-month option periods and a six-month option which, if exercised, would bring the cumulative value of this agreement to USD 196.3 million.
Work will be performed at sea worldwide, and is expected to be completed by September 30, 2019. If all options are exercised, work will continue through March 31, 2022.
The U.S. military added that the working capital contract funds in the amount of USD 34.7 million are obligated for fiscal 2019, and will not expire at the end of the current fiscal year.