SAFE Boats Becomes 100% Employee-owned
SAFE Boats International, a boatbuilder with yards in Bremerton and Tacoma, Wash., announced it completed a transaction that transfers 100% of the company’s ownership to its employees.The SAFE Boats International Employee Stock Ownership Plan (ESOP) has acquired the company, completing the final milestone in a journey that started in late 2022. An ESOP is an employee retirement plan that allows employees to own shares in the business and benefit from the shares’ growth in value over time.SAFE Boats…
Great Lakes Seaway Shipping Highlights Economic Impact
The Great Lakes Seaway Partnership hosted Capitol Day in St. Paul, Minnesota yesterday to meet with Governor Tim Walz and other key legislators to share insights on the critical role of the Great Lakes Seaway system in maintaining a vibrant regional, national and global economy.“Commercial navigation on the Great Lakes Seaway system is an economic driver — both broadly in the United States and Canada — but, especially, in Minnesota. More cargo moves in-and-out through Minnesota ports than any other Great Lakes state and supports over 6…
Morris Takes the Helm at SAFE Boats
SAFE Boats International (SAFE) said that Dennis Morris has joined the organization as President and CEO. Morris brings with him an extensive background in Business Development and International marketing within the defense industry and experience leading large and small businesses. Before joining SAFE Boats International, Morris held the position of President and CEO of Allen-Vanguard Corporation, the leader in providing solutions for defeating terrorist and extremist threats. Prior to Allen-Vanguard, Dennis spent over 10 years with BAE Systems, most recently as President of the Global Tactical Systems division and Chairman of the Board of Land Systems South Africa (a joint venture business within GTS). Dennis served as an officer in the U.S.
SAFE Boats Awarded USN Patrol Boat Contract
SAFE Boats International (SBI) has been awarded a contract to provide the United States Navy five (5) MK VI Patrol Boats (MK VI PB). The MK VI PB is the Navy’s next generation Patrol Boat and will become a part of the Navy Expeditionary Combat Command’s (NECC) fleet of combatant craft. NECC will utilize the MK VI PB to provide operational commanders a capability to persistently patrol shallow littoral areas beyond sheltered harbors and bays, and into less sheltered open water…
Navy Welcomes William P. Lawrence to the Fleet
The Navy welcomed guided-missile destroyer USS William P. Lawrence (DDG 110) into the fleet during a commissioning ceremony in Mobile, Ala., June 4. The newest Arleigh Burke-class ship, the 60th of its class, is named in honor of the late Vice Adm. William P. Lawrence, a highly-decorated Naval aviator and Vietname prisoner of war. Lawrence began his naval career as an academic scholar and athlete at the U.S. Naval Academy, where he later returned to occupy the Chair of Naval Leadership after retiring from active duty, Feb. 1, 1986.
