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Bechtel Inks Navy Deal

Maritime Activity Reports, Inc.

December 2, 2002

Bechtel Plant Machinery, Inc., Schenectady, N.Y., is being awarded a $177,503,811 cost-plus-fixed-fee modification to previously awarded contract (N00024-02-C-2102) for naval nuclear propulsion components. Work will be performed in Schenectady (59 percent) and Pittsburgh (41 percent). Contract funds will not expire at the end of the current fiscal year. No additional information is provided on naval nuclear propulsion efforts. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.
The orderbook for U.S. dredgers is about $3B, and according to DCA CEO Bill Doyle, the incoming political administration could help this niche maritime sector continue its bull run.
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