Business
Victory Marine Holdings Pursues Contract with Homeland Security U.S. and Abroad for Coastal Interceptor Vessels as Border Issues Continue to Escalate
Victory Marine Holdings Pursues Contract with Homeland Security U.S. and Abroad for Coastal Interceptor Vessels as Border Issues Continue to Escalate.
About this update from Victory Marine Holdings Corp.
[{"type":"text","content":"\nMIAMI, March 26, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE—Victory Marine Holdings (OTC: VMHG) announces today that the company will aggressively pursue manufacturing contracts to fill Coastal Interceptor Fleets for use by United States Department of Homeland Security, Customs and Border Protection (CBP) Air and Marine Operations (AMO) in U.S. and abroad.\n The Company intends to provide top of the line interceptor boats offering CBP Marine Interdiction Agents a safe working platform with outstanding performance, sea keeping and mission capabilities. The initiative is result of what VHMG execs see as a sizable opportunity as border vulnerabilities, particularly oceanic borders, become a higher threat to homeland security as a result of land-to-land borders intensifying, further exposing the wide ocean coast to threats of maritime smuggling, illegal immigration and potential acts of terrorism.  The Board has approved this initiative, a derivative of the Company’s previously announced discussions to service military contracts through a brand which can be white labeled under strict supervision and rigid industry specs.  Victory Marine currently has two LOI in negotiations with intent to cultivate a boat brand specifically geared toward security, including offshore security patrol vessels for surveillance, intervention and protection of offshore assets in the Gulf of Mexico and the Pacific Ocean.  The brand will also focus on protection of oil and gas assets along U.S. coast as well as offshore.  The history of AMO’s marine program dates back to 1789 when the United States established the U.S. Customs Service and deployed a fleet of vessels to patrol U.S. coastal waters and prevent the smuggling of contraband. Today, AMO has approximately 1,660 federal employees, including 1,200 federal agents, 240 aircraft, and 300 marine vessels operating throughout the United States, Puerto Rico, and U.S. Virgin Islands. AMO interdicts unlawful people and cargo approaching U.S. borders, investigates criminal networks and provides domain awareness in the air and maritime environments, and responds to contingencies and national taskings. In Fiscal Year 2018, AMO enforcement actions resulted in the approximate seizure or disruption of 283,503 pounds of cocaine; 301,553 pounds of marijuana; 180,444 pounds o...