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AVONDALE DIVISION AWARDED CONTRACT FOR CONSTRUCTION OF VIKING 2000 TOWBOAT

 AVONDALE DIVISION AWARDED CONTRACT
 FOR CONSTRUCTION OF VIKING 2000 TOWBOAT
 NEW ORLEANS, Aug. 12 /PRNewswire/ -- Avondale Industries, Inc. (NASDAQ-NMS: AVDL) today announced that it has been awarded a contract to construct a 4400 horse power, 168-foot river towboat.
 The towboat is being purchased by Viking Maritec, a privately owned maritime engineering company headquartered in Pennsylvania and the developers of the Viking 2000 series vessels. Initial construction of the vessel will start immediately by Avondale's Boat Division at its Westwego, La., facility. Delivery of the vessel will take place in the second quarter of 1993.
 Albert L. Bossier Jr., chairman and chief executive officer of Avondale, commented that: "This contract, the fourth vessel constructed for Viking Maritec, firmly establishes Avondale in the construction of river towboats and other related vessels. The Viking 2000 series design incorporates a number of new engineering improvements intended to provide increased maneuverability, greater versatility of use and reduced maintenance costs. The twin screw boat has been designed with a draft to allow operation not only on the lower Mississippi but also on the upper Mississippi and Ohio rivers as well. The hull will be strengthened for operation in light ice."
 Barry Heaps, vice president of Avondale Boat Division, said, "The three Viking 2000 towboats already delivered by Avondale have exceeded all expectations in performance, fuel consumption and ability to handle large barge tows."
 Avondale Industries, Inc., headquartered in metro New Orleans, is one of the nation's leading marine fabricators. In addition to its shipbuilding operations, the company specializes in boat construction and is a major repair contractor for commercial and Navy ships. It is also involved in the modular construction of facilities and components for a variety of land-based industries.
 -0- 8/12/92
 /CONTACT: Thomas M. Kitchen of Avondale Industries, 504-436-5237/
 (AVDL) CO: Avondale Industries, Inc. TS: Louisiana IN: MAR SU: CON


EA-BR -- AT007 -- 6251 08/12/92 14:21 EDT
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Publication:PR Newswire
Date:Aug 12, 1992
Words:316
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