BAE Systems Inc., the British defense contractor’s U.S. subsidiary, has sold itsÂ San Francisco Ship Repair business to Tacoma, Washington-based ship repair services providerÂ Puglia EngineeringÂ for an undisclosed sum.
âWe 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, â Erwin Bieber, president of BAE Systems Inc.’sÂ platforms and services sector, said in a statement released Monday.
Puglia Engineering currently owns two shipyards in Washington state.
BAEÂ operates six shipyards in Mobile, Alabama; San Diego, California; Jacksonville, Â Florida; Pearl Harbor, Hawaii and Norfolk, Virginia.
The San Francisco yard offersÂ maintenance, alteration and repair services to cruise liners from Alaskan and Mexican trade routes, trans-Alaska pipeline tankers, military support vessels, local bay traffic, bulk carriers and container ships.