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Larsen and Toubro signs $99 million Vietnamese ship deal

Deal is largest export order given to date to a private Indian shipyard.

By Geoff Ziezulewicz
Larsen and Toubro signs $99 million Vietnamese ship deal
Larsen and Toubro has signed a $99 million contract with the Vietnam Border Guard for high speed patrol vessels, the Indian company announced Thursday. One of the company's military vessels is shown here. Photo courtesy Larsen and Toubro

MUMBAI, Sept. 23 (UPI) -- Larsen and Toubro has signed a $99 million contract with the Vietnam Border Guard for high speed patrol vessels, the Indian company announced Thursday.

The contract calls for design and construction of the vessels, as well as transfer of design and technology, equipment and material kits for construction of follow-on vessels at a Vietnamese shipyard, the company said in a statement.

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The vessels are for controlling and protecting sea security and sovereignty, anti-smuggling and search and rescue missions.

The 114-foot-long vessels are made of an aluminum alloy and reach speeds of 35 knots.

In keeping with the Indian government's "Make in India" policy, design and engineering of the ships will be done at the company's dedicated warship design center.

The company is currently executing Indian ministry of defense contracts for design and construction of 54 interceptor boats for the Indian coast guard, 28 of which have been delivered.

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