US Navy Buys Three Vessels from Hornbeck Offshore

Hornbeck Offshore Services, Inc. announced today that it has closed the previously announced sale of three 250EDF class OSVs, the HOS Arrowhead, the HOS Eagleview and the HOS Westwind, that were previously chartered to the U.S. Navy.

Since their construction in 2008 and 2009, these vessels have supported the U.S. Navy’s submarine fleet on the east and west coast of the U.S.

In order for the Navy to continue receiving the unique capabilities of these vessels, Congress has required their purchase from the Company. The three vessels were sold for cash consideration of $114 million.

The vessel purchase agreement includes an option for the acquisition of a fourth vessel currently under charter to the U.S. Navy, the HOS Black Powder.

Image: Hornbeck Offshore Services