Todd Wins $6M Deal

Friday, June 13, 2003
Todd Pacific Shipyards Corp., Seattle Division, Seattle, Wash., is being awarded a $6,060,005 cost-plus-award-fee option under contract N00024-99-C-8503 for performance of Docking Phased Incremental Availability 2 of the USS Abraham Lincoln (CVN 72). The option is one of 18 on an existing 5-year contract for non-propulsion work on CVN 68 Class nuclear-powered aircraft carriers homeported in the Pacific Northwest, exclusive of the propulsion plant and exclusive of nuclear spaces and systems. The aim of the contract is to provide year-round maintenance so as to maximize vessel readiness. Work will be performed in Bremerton, Wash., and is expected to be completed by May 2004. Contract funds in the amount of $6,060,005 will expire at the end of the current fiscal year. The Supervisor of Shipbuilding, Conversion and Repair, U.S. Navy, Puget Sound, Bremerton, Wash., is the administrative contracting activity.

Contracts

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J.F. Lehman Acquires Oldenburg's Heavy Equipment Group

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Finance

Hellenic Petroleum Profits Rise on Higher Exports

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China COSCO Falls to H1 Net Loss

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Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

 
 
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