Todd Shipyards to Overhaul NOAA Vessel

Todd Shipyards Corporation Announces National Oceanic and Atmospheric Administration Contract for the Overhaul of Ex USNS Capable (T-AGOS 16) Todd Shipyards Corporation announced that the National Oceanic and Atmospheric Administration (NOAA) has awarded to its wholly owned subsidiary, Todd Pacific Shipyards Corporation, a $13,176,066 contract for the overhaul and conversion of the Ex USNS Capable (T-AGOS 16) which was transferred to NOAA by the United States Navy in September 2004. The overhaul and conversion when completed will allow the Capable to accomplish its new mission of research and deep ocean exploration. The contract period, during which the design, manufacturing, overhaul and conversion will be completed, is from August 2005 through July 2007. Initial design is anticipated to be completed by February 2006, which will coincide with the vessel's arrival at Todd Pacific's Seattle shipyard.