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Co-Production, also known as Build, Operate and Transfer (BOT), allows Swiftships to share shipbuilding knowledge and transfer technology with qualifying nations. A Co-Production agreement can be implemented whether the customer is using Direct Commercial Sales (DCS) or Foreign Military Funds (FMF) to acquire its vessels and service requirements.
The benefits of Co-Production are modernization of the host country’s infrastructure, shipyards and employment of its workforce. With Swiftships’ one hundred twenty-six proprietary designs coupled with the growing demand for its vessels across the globe, a co-production partnership can produce positive results within the first 3 years.
Additional benefits of Co-Production projects are:
Co-Production is currently ongoing in Egypt with the Egyptian Navy (EN) and has the capacity of building up to thirty Patrol Craft in a period of seven years. The shipyard in Egypt was replicated to Swiftships’ ISO standards by the company’s own Subject Matter Experts (SMEs) specializing in shipbuilding and ship repair. The work is performed by local labor under direct Swiftships-trained Egyptian supervisors and SME’s. The Co-Production program allows the EN to train their craftsmen at the Swiftships Academy in Morgan City, Louisiana to gain in-depth knowledge of the capabilities and quality of the product, while enforcing product quality and management.