He commissioned Perry to do a preliminary design for a simple and inexpensive sportboat that would fit in a 40 ft (12 m) shipping container.

[5][6] It was specifically designed to be ground transported on a boat trailer and therefore uses a lifting keel, an easily removable rudder and carbon fiber spars for lightness.

[5][6] The Flying Tiger 10 M is a racing keelboat, built predominantly of vinylester resin fiberglass over a foam core.

The hull has a plumb stem with a retractable bowsprit, a slightly reverse transom, a removable transom-hung rudder controlled by a tiller and a lifting keel with bulb weight.

[1][2] The boat is normally fitted with a small outboard motor for docking and maneuvering, mounted in a cockpit well just aft of the bridgedeck and enclosed by doors.