Todd Shipyards Wins $11m Contract

August 10, 2006

Todd Pacific Shipyards Corp., Seattle Division, Seattle Wash., won an estimated $10,949,272 award fee/performance fee modification under previously awarded contract (N00024-04-C-4152) to exercise an option for performance of the dry dock ship planned incremental availability of the USS Abraham Lincoln (CVN-72). The aim of the contract is to provide year-around maintenance so as to maximize vessel readiness. The option will authorize the second major industrial dry docking availability of the contract, and entails modification and repair of shipboard equipment, hull and ship systems. Work will be performed in Bremerton, Wash., and is expected to be completed by March 2007. Contract will expire by the end of the current fiscal year. The Naval Sea Systems Command Puget Sound naval shipyard & intermediate maintenance facility, Bremerton, Wash., is the contracting activity.

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