VT Halter parent wants to buy Bender

VT Halter Marine of Pascagoula’s parent company, Vision Technologies Systems, has offered $21 million cash for Bender Shipbuilding & Repair's Mobile shipyard, kick-starting a special auction process intended for companies in Chapter 11 bankruptcy to quickly sell property and repay debts. According to court documents, VT Halter would also assume certain Bender debts and liabilities. Vision Technologies is a subsidiary of Singapore Technologies Engineering Ltd., which owns ST Aerospace Mobile at Brookely Field Industrial Complex. (Source: Mobile Press-Register, 12/16/09)