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NORSHIPCO Wins Second Kennedy Contract Worth Over $21M

Maritime Activity Reports, Inc.

December 12, 2002

United Defense Industries, Inc. announced today a $21,694,925 award to its subsidiary, NORSHIPCO, by the Supervisor of Shipbuilding and Repair, Jacksonville, Fla., for the firm fixed-price Extended Selective Restricted Availability (EDSRA) on the Navy's aircraft carrier, USS JOHN F. KENNEDY (CV-67). NORSHIPCO previously won a $10 million contract in November for work on the KENNEDY. The work is scheduled to begin in January 2003 and to be completed by September 2003 at the Naval Station Mayport, Fla., the ship's home port. The work package focuses on work in two of the four engine rooms and includes main machinery room repairs consisting of tanks, boilers, forced draft blowers, steam valves, reduction gears, main feed pumps, main condenser, lube oil pumps, and piping. NORSHIPCO has teamed with North Florida Shipyards, Inc. (NFSY), located in Jacksonville, Fla., to perform this work. According to Tom Epley, NORSHIPCO's president, "This is the third contract in a month awarded to the NORSHIPCO and North Florida Shipyards team for work on USS KENNEDY, bringing the total to over $30 million. This award is a testament to the strength of the partnership between NORSHIPCO and NFSY. The government recognizes the complementary talents we both bring to the table, and we look forward to providing our expertise and experience to our Navy customer."

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