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McDermott Signs Shipyard Contract For Construction Of Deepwater S-Lay Vessel

Stocks in this article: MDR

To learn more, please visit McDermott’s website on the internet at www.mcdermott.com

FORWARD LOOKING STATEMENTS

In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, McDermott International, Inc. cautions that statements in this press release which are forward-looking and provide other than historical information involve risks and uncertainties that may impact actual outcomes. The forward-looking statements in this press release include, among other things, the expected time to build and expected timing for beginning of construction of the Derrick Lay Vessel 2000, as well as the specifications and capabilities of the vessel, and our expectation that the vessel will address market demand. Although McDermott's management believes that the expectations reflected in those forward-looking statements are reasonable, McDermott can give no assurance that those expectations will prove to have been correct. Those statements are made based on various underlying assumptions and are subject to numerous uncertainties and risks, including without limitation, changes in vessel design or construction schedule, contract cancellation, change orders and other modifications, and difficulties executing on the vessel construction project. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. For a more complete discussion of these and other risk factors, please see McDermott's annual report on Form 10-K for the year ended December 31, 2011 and subsequent quarterly reports on Form 10-Q. This news release reflects management's view as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.



Copyright Business Wire 2010
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