EGYPT ADVANCES MISSILE CRAFT PROJECT

WASHINGTON [MENL] -- Egypt has been advancing its project to acquire missileboats from the United States. After a delay of nearly three years, Egypt has moved to the design stagein its project to acquire three fast missile craft from the United States.The Defense Department has awarded a $28.8 million contract to VT HalterMarine Inc. for the design of the FMC under the U.S. Foreign Military SalesProgram.