Business Services Industry

Seattle-Area Shipyard Lands Navy Deal to Work on Aircraft Carriers.

Knight Ridder/Tribune Business News, April, 2004

By J. Martin McOmber, The Seattle Times Knight Ridder/Tribune Business News

Apr. 2--Todd Pacific Shipyards has won a contract worth up to $133 million to repair and maintain the Navy's Puget Sound-based aircraft carriers.

The five-year deal is an important victory for the company, which gets more than half of its income from repairing Navy ships stationed in Bremerton and Everett.

"This is a credit to a work force that has done a great job for the Navy," said Michael Marsh, the company's general counsel. "The Navy is our biggest and best customer, so we are very excited about this."

The contract follows this week's announcement that Todd Shipyards was laying off some 500 workers because the Navy decided to cancel a planned...

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