BAE Systems sells SF ship repair business
The sale of BAE Systems’ San Francisco ship repair business to Puglia Engineering is now complete, the company announced on 2 January.
Puglia Engineering, based in Tacoma, Washington, currently operates two shipyards in Washington state.
Erwin Bieber, president of BAE Systems’ platforms and services sector, said: ‘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.
‘We greatly appreciate the hard work and dedication of our San Francisco shipyard team.’
BAE Systems operates six full-service shipyards in Alabama, California, Florida, Hawaii and Virginia, offering ship repair, maintenance, modernization, conversion, and overhaul services for the US Navy, other government agencies and select commercial customers.
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