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
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Item 5. Other Events
On May 24, 1996 the Company issued the following press
release:
Seattle, WA...May 24, 1996...Todd Shipyards Corporation
reported today that its wholly owned subsidiary, Todd
Pacific Shipyards Corporation ("Todd Pacific"), has been
awarded a five-year contract with the U.S. Navy for phased
maintenance of four of the U.S. Navy's largest fast-combat
support ships (AOE's). The award was made on May 20,
1996. This contract consists of a series of options for
phased maintenance repair on four ships, AOE-1 (USS
Sacramento); AOE-2 (USS Camden); AOE-7 (USS Rainier); and
AOE-10 (USS Bridge). The first availability is currently
scheduled for January of 1997. The estimated contract
value is approximately $79 million. Todd Pacific has had
phasedmaintenance agreements on the USS Sacramento and USS
Camden since 1985.
Item 7. Financial Statements and Exhibits
(c) Exhibits
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: May 24, 1996
/s/ Michael G. Marsh
By: Michael G. Marsh
On Behalf of the Registrant as
Secretary and General Counsel
CONTACT: Maja D. Larson
(206) 623-1635 x108
TODD AWARDED PHASED-MAINTENANCE CONTRACT WITH NAVY
Seattle, WA...May 24, 1996...Todd Shipyards Corporation reported
today that its wholly owned subsidiary, Todd Pacific Shipyards
Corporation ("Todd Pacific"), has been awarded a five-year
contract with the U.S. Navy for phased maintenance of four of the
U.S. Navy's largest fast-combat support ships (AOE's). The award
was made on May 20, 1996. This contract consists of a series of
options for phased maintenance repair on four ships, AOE-1 (USS
Sacramento); AOE-2 (USS Camden); AOE-7 (USS Rainier); and AOE-10
(USS Bridge). The first availability is currently scheduled for
January of 1997. The estimated contract value is approximately
$79 million. Todd Pacific has had phased-maintenance agreements
on the USS Sacramento and USS Camden since 1985.
