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 September 22, 1999, the Company announced that it had
been awarded a $29 million contract for the overhaul of the
Washington State ferry MV Yakima.
Item 7. Financial Statements and Exhibits
(c) Exhibits
28-1 Press Release dated September 22, 1999.
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: September 24, 1999.
/s/ Michael G. Marsh
By: Michael G. Marsh
On Behalf of the Registrant as
Secretary and General Counsel
TODD PACIFIC SHIPYARDS CORPORATION AWARDED $29 MILLION OVERHAUL ON WASHINGTON
STATE FERRY MV YAKIMA
VIA FACSIMILE CONTACT: ED ZAJONC
TOTAL PAGES - 2 (206) 623-1635 Ext. 104
September 22, 1999 . Seattle, Washington . Todd Pacific Shipyards
Corporation announced today that it had been awarded a $29 million
contract for the overhaul of the Washington State ferry MV Yakima.
The contracting authority is the Washington State Ferry System.
The overhaul includes replacing much of the lower vehicle deck;
replacement of the galley; installation of new furniture and fixtures
throughout the vessel; removal and reinstallation of propulsion motors,
main diesel engines and propulsion generators. Additional work on pipe
and electrical systems throughout the ferry will also be undertaken.
Todd will begin the planning effort for the overhaul immediately with
the vessel arriving in the shipyard on October 22, 1999. It is
anticipated that the overhaul will last 15 months and employ an
average of 150 workers.
