Four Virginia companies secured $262.4 million shipyard modernization contracts from the U.S. Navy.

Navy Awards $262M Shipyard Contracts to Four Virginia Companies

The U.S. Navy has awarded firm-fixed-price, indefinite-delivery/indefinite-quantity contracts with a shared ceiling of $262.4 million to four Virginia-based companies to support repair, maintenance, modernization and sustainment for shipyard messing and berthing barges.

The contracts were awarded to East Coast Repair & Fabrication, Lyon Shipyard, BayTec Marine and Colonna’s Shipyard, the Department of Defense said Thursday.

The contracts were procured as a small business set-aside via the System for Award Management website. Eleven bids were received.

Work under the contracts will primarily be performed within a 50-mile radius of Norfolk, Virginia. The performance period is set to conclude by July 15, 2030.

The award amounts, inclusive of all ordering periods, are as follows:

  • East Coast Repair & Fabrication – $210.4 million
  • Lyon Shipyard – $211.3 million
  • BayTec Marine – $219.9 million
  • Colonna’s Shipyard Inc. – $262.4 million

The Navy obligated $12,000 in fiscal year 2025 operations and maintenance funds for each awardee for the minimum guarantee.

The Mid-Atlantic Regional Maintenance Center in Norfolk is the contracting activity.

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