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Todd Shipyards Corporation Announces Award of Contract to Overhaul Alaska Ferry "MV Malaspina"
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Via Facsimile
Total Pages - 1
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Contact: Hilary Pickerel
Shareholder Relations
206-623-1635 Ext. 106
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SEATTLE, WASHINGTON...October 12, 2006...Todd Shipyards Corporation
(NYSE:TOD) announced today its wholly owned subsidiary, Todd Pacific Shipyards
Corporation ("Todd Pacific") was awarded a contract by the Alaska Marine
Highway System to perform overhaul and maintenance work on the Alaska State
Ferry, MV Malaspina. The work will be accomplished at Todd Pacific's Seattle
shipyard and is scheduled to be completed on April 5, 2007. The firm fixed
priced contract award is $6,492,793.32.
Todd Pacific performs a substantial amount of 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 wide variety of customers. Its 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. Todd Shipyards Corporation has operated a shipyard in Seattle since 1916.
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