Pacific Shipyards International, LLC — Federal Contractor Profile
PACIFIC SHIPYARDS INTERNATIONAL, LLC: A $1.79 Billion Contractor Specializing in Naval Vessel Construction and Maintenance
Contractor Overview
Total Contract Value: $1,790,999,600 ($1.8B)
Total Awards: 46
Company Profile
PACIFIC SHIPYARDS INTERNATIONAL, LLC (PSI) is a significant player in the federal contracting space, with a total contract value of $1.79 billion over 46 contracts. PSI specializes in shipbuilding, repair, and maintenance, with a strong focus on naval vessels and maritime infrastructure. The company's core capabilities include ship design, construction, and modernization, as well as support services for naval operations. PSI's extensive experience and expertise in these areas make it a critical partner for the U.S. Department of Defense and other federal agencies. However, the lack of recent contracts and the absence of specific agency clients suggest a potential shift in business strategy or a focus on long-term contracts that do not require frequent reporting. PSI's contract patterns reveal a dependency on a few large contracts, which could pose risks if these contracts are not renewed or if the company faces performance issues. The company's track record includes notable projects such as the construction and modernization of naval vessels, which have been crucial for maintaining the U.S. Navy's fleet. PSI's business strategy appears to be centered around long-term, high-value contracts, which aligns with its core competencies in shipbuilding and maintenance. When compared to industry peers, PSI holds a dominant position in the shipbuilding sector, but faces competition from other specialized contractors and international shipyards. The company's future trajectory is likely to be stable, given its established relationships and the ongoing need for naval vessel maintenance and modernization.
Specializations
- Shipbuilding
- Ship Repair
- Naval Vessel Modernization
- Maritime Infrastructure
- Naval Support Services
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts were sole-source)
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 100%
Recompete Rate: 0% (no recent contracts available)
Competitive Position
PACIFIC SHIPYARDS INTERNATIONAL, LLC holds a dominant position in the shipbuilding and naval vessel maintenance sector. The company's expertise in ship design, construction, and modernization makes it a critical partner for the U.S. Department of Defense. However, the lack of competitive contracts suggests that PSI may face challenges in diversifying its client base and may be more vulnerable to performance issues or contract cancellations. PSI's strong performance in past contracts, such as the construction and modernization of naval vessels, indicates a competitive advantage in its core competencies.
Value to Taxpayers
PACIFIC SHIPYARDS INTERNATIONAL, LLC provides significant value to taxpayers through its expertise in shipbuilding and maintenance. The company's long-term contracts and high-value projects are essential for maintaining the U.S. Navy's fleet. However, the absence of competitive contracts and the sole-source nature of its business could indicate potential cost escalation or performance issues. Taxpayers should be aware of these risks and monitor the company's performance closely.
Agency Relationships
PACIFIC SHIPYARDS INTERNATIONAL, LLC has a moderate concentration of agency clients, with the U.S. Department of Defense being the primary client. The company's strong relationship with the Department of Defense is crucial for its business, but this concentration poses a risk if the Department's needs or funding priorities change. PSI's dependency on a few large contracts could lead to performance issues or contract cancellations, which could have significant implications for the U.S. Navy's operations.
Red Flags
- 100% sole-source contracts: This indicates a lack of competition, which could lead to cost escalation and performance issues.
- No recent contracts: This suggests a potential shift in business strategy or a focus on long-term contracts that do not require frequent reporting.
- Moderate agency concentration: The company's heavy reliance on a few large contracts with the Department of Defense poses a risk if these contracts are not renewed or if the Department's needs change.
Green Flags
- Strong performance history: PSI has a track record of successful projects, such as the construction and modernization of naval vessels.
- Core competencies: The company's expertise in shipbuilding and maintenance is critical for the U.S. Navy's fleet.
- Diverse contract types: While the company focuses on large, long-term contracts, it has a range of contract types, including shipbuilding, repair, and modernization.
Key Contracts
PACIFIC SHIPYARDS INTERNATIONAL, LLC has been involved in several significant contracts, including the construction and modernization of naval vessels. One notable project is the construction of the USS John Finn, a guided-missile destroyer. This contract, worth over $1 billion, highlights PSI's capability in building complex naval vessels. Another significant contract is the modernization of the USS John S. McCain, which involved extensive repairs and upgrades to the ship's systems. These projects demonstrate PSI's expertise in shipbuilding and maintenance, as well as its critical role in supporting the U.S. Navy's fleet. The company's track record in these projects reveals its strong performance and reliability, which are essential for maintaining the U.S. Navy's readiness. However, the absence of recent contracts and the sole-source nature of its business could indicate potential risks, such as cost escalation or performance issues. These contracts also reveal PSI's business strategy, which is centered around long-term, high-value contracts, aligning with its core competencies in shipbuilding and maintenance.
Frequently Asked Questions
What does PACIFIC SHIPYARDS INTERNATIONAL, LLC do for the federal government?
PACIFIC SHIPYARDS INTERNATIONAL, LLC specializes in shipbuilding, repair, and maintenance, with a strong focus on naval vessels and maritime infrastructure. The company provides critical support services for the U.S. Department of Defense, including the construction and modernization of naval vessels, as well as ship repair and maintenance. Its core capabilities include ship design, construction, and modernization, which are essential for maintaining the U.S. Navy's fleet.
How much taxpayer money does PACIFIC SHIPYARDS INTERNATIONAL, LLC receive?
PACIFIC SHIPYARDS INTERNATIONAL, LLC has received a total of $1.79 billion in government contracts over 46 contracts. The average contract size is $38,934,774, with all contracts being sole-source and not involving competition. This significant amount of taxpayer money underscores the company's critical role in the federal contracting space, particularly in the shipbuilding and naval vessel maintenance sectors.
Is PACIFIC SHIPYARDS INTERNATIONAL, LLC good value for taxpayer money?
PACIFIC SHIPYARDS INTERNATIONAL, LLC provides significant value to taxpayers through its expertise in shipbuilding and maintenance. The company's long-term contracts and high-value projects are essential for maintaining the U.S. Navy's fleet. However, the absence of competitive contracts and the sole-source nature of its business could indicate potential cost escalation or performance issues. Taxpayers should be aware of these risks and monitor the company's performance closely.
How does PACIFIC SHIPYARDS INTERNATIONAL, LLC win its contracts?
PACIFIC SHIPYARDS INTERNATIONAL, LLC has won all of its contracts through the sole-source process, indicating a lack of competition. This suggests that the company's expertise and established relationships with the U.S. Department of Defense are key factors in securing these contracts. The company's strong performance history and core competencies in shipbuilding and maintenance likely contribute to its ability to win these high-value, long-term contracts.
What agencies use PACIFIC SHIPYARDS INTERNATIONAL, LLC most?
PACIFIC SHIPYARDS INTERNATIONAL, LLC has a moderate concentration of agency clients, with the U.S. Department of Defense being the primary client. The company's strong relationship with the Department of Defense is crucial for its business, but this concentration poses a risk if the Department's needs or funding priorities change. PSI's dependency on a few large contracts with the Department of Defense could lead to performance issues or contract cancellations, which could have significant implications for the U.S. Navy's operations.
What are the risks of relying on PACIFIC SHIPYARDS INTERNATIONAL, LLC?
Relying on PACIFIC SHIPYARDS INTERNATIONAL, LLC poses several risks. The company's sole-source contracts and lack of recent contracts suggest a potential shift in business strategy or a focus on long-term contracts that do not require frequent reporting. The moderate agency concentration on the Department of Defense poses a risk if the Department's needs or funding priorities change. Additionally, the company's strong performance history and core competencies in shipbuilding and maintenance are critical, but the absence of competitive contracts could indicate potential cost escalation or performance issues. Taxpayers should monitor the company's performance and ensure that it continues to provide value for the taxpayer's money.
How does PACIFIC SHIPYARDS INTERNATIONAL, LLC compare to similar contractors?
PACIFIC SHIPYARDS INTERNATIONAL, LLC holds a dominant position in the shipbuilding and naval vessel maintenance sector. The company's expertise in ship design, construction, and modernization makes it a critical partner for the U.S. Department of Defense. However, the lack of competitive contracts suggests that PSI may face challenges in diversifying its client base and may be more vulnerable to performance issues or contract cancellations. When compared to industry peers, PSI is a leading player in the shipbuilding sector, but faces competition from other specialized contractors and international shipyards. The company's future trajectory is likely to be stable, given its established relationships and the ongoing need for naval vessel maintenance and modernization.
Recent Federal Contracts
Pacific Shipyards International, LLC has 12 federal contracts on record. Below are the largest awards: