Todd Shipyards Corporation Announces U.S. Navy Award of Contract

Todd Shipyards Corporation (NYSE:TOD) announced today that the U.S. Navy has awarded to its wholly owned subsidiary, Todd Pacific Shipyards Corporation (“Todd Pacific”), a delivery order under its Multiple Award Contract in the amount of $5,180,291 for the in-drydock repairs and preservation of Caisson #4 at Drydock #2 at Puget Sound Naval Shipyard in Bremerton, Washington.