Todd Shipyards Wins Navy Contract

December 10, 2009 (FinancialWire) — Todd Shipyards Corp. (NYSE: TOD) said its subsidiary, Todd Pacific Shipyards Corp. was awarded a contract by the Military Sealift Fleet Support Command to perform mid-term availability work on the fleet replenishment oiler ship USNS Henry J Kaiser.

The overhaul and repair work includes tank cleaning and inspection, main engine overhaul work, communication and navigation aid maintenance, and various other machinery, ventilation, and piping items. The Kaiser is scheduled to arrive at Todd Pacific’s Seattle shipyard on April 1, 2010 and is scheduled for a 42-day pier side availability.

Todd said the firm fixed priced contract award is $3,031,336.

Todd Pacific performs repair and maintenance work on commercial and federal government vessels engaged in various seagoing trade activities in the Pacific Northwest and provides new construction and industrial fabrication services for a range of customers.

The company’s customers include the U.S. Navy, the U.S. Coast Guard, NOAA, the Washington State Ferry system, the Alaska Marine Highway System, and various other commercial and governmental customers.

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