Todd Wins US Navy Drydocking Contract

6 February 2011 (Last Updated February 6th, 2011 18:30)

The US Navy has awarded a five-year multiship / multioption contract (MS/MO) to Todd Pacific for drydocking of its surface combatant ships. Under the cost-type-incentive / award-fee contract, Todd will provide the drydocking of the surface combatants that are homeported at Naval Station E

The US Navy has awarded a five-year multiship / multioption contract (MS/MO) to Todd Pacific for drydocking of its surface combatant ships.

Under the cost-type-incentive / award-fee contract, Todd will provide the drydocking of the surface combatants that are homeported at Naval Station Everett or for those visiting the Puget Sound region.

The US Navy will decide the place and the dollar value for the work to be performed, though Todd estimates the value to range between $50m-$80m if all the options are exercised.

Work will be carried out by a team of subcontractors lead by Todd Pacific, the prime contractor.