Aker Finnyards, a part of Aker Yards, and the Finnish Navy have today signed a contract for building the fourth Hamina-class fast surface combatant worth €21.7 million for delivery summer 2006.

Today there was also signed a contract of the conversion of the "Hamina", one of the previous vessels in the squadron, including installation of combat systems, at a price of €6.3 million.
The above agreed implies in all 300 man years of work for the yard.
President of Aker Finnyards, Yrjö Julin, says these are important contracts for the yard. "We were very pleased to sign these contracts. The Finnish Navy has been and is a very important customer for our company. Aker Finnyards aims to further develop its competitiveness in the naval craft market in order to remain as the preferred builder for the Finnish Navy."
The first Hamina-class vessel, the "Hamina" was built in 1998, and the second, the "Tornio" was delivered in May 2003. The two sister vessels now in Aker Finnyards' orderbook are similar: With a length of 51 meters, a beam of 8.5 m, draught of 1.7 m and displacement of 236 tons. The vessels are of aluminum construction, and also light weight composite materials are used, e.g. in the superstructure. The propulsion system is two water jets, which give the vessel a speed of over 30 knots.
The combat systems to be installed consist of SAM and SSM missiles, new sea mines and 57 mm gun system. The assembly onboard the "Tornio" was completed at Aker Finnyards on February 2, 2005.
Photos of missile boats are available at: / Newsroom / Image Bank / Naval Craft
For further information, please contact:
Yrjö Julin, President and CEO Aker Finnyards, +358 40 751 7940
Sinikka Railo, Communications Manager, Aker Finnyards,   +358 40 5120253
Tore Langballe, SVP Communications and Investor Relations, +47 24 13 0130
Aker Finnyards Inc.
Finland's three largest shipyards situated in Helsinki, Rauma and Turku form the new Aker Finnyards - the Finnish yards within the Aker Yards Group. The yards have been working as one company since January 1, 2005 when the new operative organization became valid. Aker Finnyards is amongst world leading designers and builders of cruise vessels and ferries as well as other technically complex vessels.
Aker Finnyards is the purveyor of the Finnish Navy. Deliveries include mine layers, fast surface combatants, a multi-purpose hovercraft. The yard has special expertise in new purpose-specific solutions, such as the use of composite structures, stealth materials and advanced operational technology.
The yard's long cooperation with the Navy started already in the 1950's. During the last decade the deliveries included a squadron of four missile boats (the Rauma Class), as well as two mine layers. The first Hamina Class missile boat "Hamina" was delivered in 1998 and the second "Tornio" in 2003. When the two Hamina Class vessels now in Aker Finnyards' orderbook are delivered, the Finnish navy's "Squadron 2000" will be completed.
Aker Finnyards` revenue is ca. EUR 1 billion. The ca. 1.8 billion EUR order book includes, besides the Navy orders, the world's two largest cruise vessels for RCI, one cruise ferry for Tallink, three container vessels for Baltic Container Shipping, one ice breaking supply vessel as well as an arctic container vessel for Russia and the lengthening of a cruise vessel. In addition a Letter of Intent has been signed on a cruise vessel for NCL, including an option.
Aker Yards ASA
Aker Finnyards is part of Aker Yards, an international shipbuilding group focusing on sophisticated vessels and being Europe's largest and one of the world's five largest shipbuilders. The group has a strong position both in terms of innovation, product range, technology, experience and capacity. The product range includes cruise vessels and ferries, merchant vessels, offshore vessels and other complex vessels. Aker Yards, with a turnover of NOK 16 bn. in 2003, comprises 13 yards in Norway, Finland, Germany, Romania and Brazil and has approximately 14,500 employees.

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