In January 2023, Swiftships received notification for the additional seven (7) 28m Coastal Patrol Craft (CPC) award to existing six (6) FMS contract, which was awarded in 2022. In March 2022, Swiftships awarded a new 28m CPC contact to supply “Kit” as a Modification to its original Direct Commercial Sales (DCS). The Mod_004 will deliver Ten (10) Kits to be co-produced in Egypt at the Egyptian Navy (EN) Alexandria Shipyard and Egyptian Ship Repair and Building Company (ESRBC). In addition, six (6) additional 28m CPCs were awarded under Foreign Military Sales (FMS) contract in 2022. Total current order is 23 boats including under construction.
Swiftships will supply a complete Kit of Material (KoM), Zodiac Rigid Inflatable Boats, Forward-Looking Infrared Systems (FLIRs), personal computer packages, and associated engineering technical data package (TDP). These 28-meter CPC reach a top speed of 22-25 knots with a range of 900 NM powered by two (2) CAT diesel engines and is equipped with 12.7mm machine guns. By combining Foreign Military Sales (FMS) and Direct Commercial Sales (DCS) contracts, Swiftships will have co-produced Forty-two (49) 28-meter CPCs for EN by the end of 2027. These three new contracts signed in 2022 and 2023 add 23 craft with EN’s total requirement of 50 CPC by the end of 2027. In addition, Egypt and Swiftships have started co-market the 28-meter CPC to North African allied partners to the US.
Egypt has an established local defense and security industry that produces a range of products from small arms to armored vehicles and naval vessels. It has co-production agreements with several countries, including the United States and France. Egypt receives $ 1.3 billion annually in military aid from the United States. These funds are for acquiring U.S.-made defense and security articles through the Foreign Military Sales (FMS) program. Egyptian Navy (EN) is the maritime branch of the Armed Forces (EAF). It is the largest navy in the Middle East and Africa and the twelfth largest (by the number of vessels) navy in the world. The EN protects more than 2,000 kilometers of coastline of the Mediterranean Sea and the Red Sea, defense of approaches to the Suez Canal, and supports army operations.
EN has been co-producing Swiftships Crafts since 2010 (download case study), and this partnership has allowed both EN and Swiftships to excel on other platforms. The collaboration began in the early 1980s when Swiftships delivered its first set of eight (8) 28m CPCs; later, in 1990, it delivered two (2) 54-meter Mine-Hunters (MH) under a Direct Commercial Sales (DCS) contract. In 2006, Swiftships further delivered six (6) 26-metre Fast Patrol Craft (FPC), and further in 2009, delivered two (2) 28-meter CPCs and co-produced four kits built in Egypt under Swiftships’ guidance. Swiftships has been discussing with the Egyptian Armaments Authority (EAA) to co-produce 35-meter Fast Patrol Vessels (FPV) in Alexandria to extend their capability from Steel co-production to Aluminum. This FPV will be all aluminum crafts with a 1,000 NM range with three (3) MTU engines to reach a top speed of 32 knots and a complement. Armament options include 12.7mm Rheinmetall Remote Controlled machineguns with additional armament.
