UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Commission File Number 1-5109
TODD SHIPYARDS CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 91-1506719
(State or other jurisdiction of (IRS Employer I.D. No.)
incorporation or organization)
1801- 16th AVENUE SW, SEATTLE, WASHINGTON 98134-1089
(Street address of principal executive offices - Zip
Code)
Registrant's telephone number: (206) 623-1635
Item 5. Other Events
On June 19, 1995 the Company issued a press release
announcing that the Company's wholly-owned subsidiary, Todd
Pacific Shipyards Corporation, signed a contract
modification with the Washington State Department of
Transportation (the WSDOT) under which the WSDOT exercised
its options for two additional vessels.
Item 7. Financial Statements and Exhibits
(c) Exhibits
28-1 Press Release dated June 19, 1995.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly
authorized.
Dated: June 20, 1995
/s/ Michael G. Marsh
By: Michael G. Marsh
On Behalf of the Registrant as
Secretary and General Counsel
CONTACT: Roland H. Webb
President & COO
(206) 623-1635 x400
TODD SIGNS CONTRACT MODIFICATION FOR CONSTRUCTION OF OPTIONAL VESSELS
WITH THE WASHINGTON STATE FERRIES
Seattle, WA...June 19, 1995...Todd Shipyards Corporation ("Todd")
reported today that its wholly owned subsidiary, Todd Pacific
Shipyards Corporation ("Todd Pacific") has signed a contract
modification with the Washington State Department of Transportation
("WSDOT") for construction of the two optional vessels under the Jumbo
Mark II Class Ferry Contract. Todd has previously reported on January
31, 1995 that Todd Pacific had signed a contract with WSDOT for
construction of one Jumbo Mark II Class Ferry, with options for two
additional vessels.
By exercising the contract option, Todd and WSDOT have committed to
the full contract terms for construction of three vessels, with a
total contract value of $181.5 million. The contract is expected to
generate 350 direct jobs and 200 indirect jobs in the Greater Puget
Sound region, with delivery of the third vessel scheduled in early
1999.
