Award $2.9-Million Navy PSA Contract To Todd
Six U.S. Navy contracts totaling $2.9 million for advance planning and procurement to support p o s t s h a k e d o w n a v a i l a b i l i ty (PSA) work on six guided missile frigates (FFGs) have been awarded to Todd Pacific Shipyards Corporation, Lennart M.
Thorell, vice president and general manager, Los Angeles Division, announced recently.
These contracts cover preliminary work on the frigates constructed at Todd's Los Angeles shipyard which will return later for PSA work valued at approximately $45 million.
The new contracts are in addition to four PSA contracts currently held or completed by Todd Pacific Los Angeles. The first PSA contract completed at Los Angeles on the USS Wadsworth (FFG-9) was completed on schedule and under cost by approximately 12 percent. The second PSA on the USS George Philip (FFG-12) is in progress and is expected to be completed two weeks ahead of the contract delivery date and significantly under contract cost. The company believes this successful record can be sustained throughout the remaining PSA contracts to be completed.