BAE completes sale of San Francisco ship repair business

The following is the text of a news release from BAE Systems:

(ARLINGTON, Va.) — BAE Systems has completed the sale of its San Francisco ship repair business to Puglia Engineering Inc., a Tacoma, Wash.-based ship repair company currently operating two shipyards in Washington state.

“We believe this divestiture is in the best interests of the San Francisco shipyard employees and both companies, as it will better position the San Francisco ship repair business with a parent company that has access to broader markets,” said Erwin Bieber, president of BAE Systems Inc.’s Platforms & Services sector. “We greatly appreciate the hard work and dedication of our San Francisco shipyard team.”

BAE Systems is a leading provider of ship repair, maintenance, modernization, conversion, and overhaul services for the U.S. Navy, other government agencies and select commercial customers. The company operates six full-service shipyards in Alabama, California, Florida, Hawaii and Virginia, and offers a highly skilled, experienced work force at its dry docks to provide a broad range of maritime support services.

By Professional Mariner Staff