Avondale Industries, Inc., New Orleans, La., has signed a letter of intent for the purchase of Lockheed Shipbuilding Company's Gulfport Marine Division, Gulfport, Miss.
The purchase price has been set at $21,000,000.
At present, the Gulfport facility has U.S. Navy contracts to construct nine Landing Craft, Air Cushion (LCAC) vessels with a backlog of about $115,000,000 extending through 1991. Avondale intends to continue to produce the LCACs at the existing Gulfport facility.
The transfer of ownership is expected to be completed sometime this month if it is approved by the Government and both companies' boards of directors.
If approved, the Gulfport acquisition would further enhance Avondale's stated intention to be a significant factor in the boat construction market.
Avondale Industries serves the marine, defense and industrial sec tors. The divisions of the company build and repair ships and boats, offshore oil platforms and bridges, operate a steel service center and produce steel castings and a variety of industrial fabrications.
For free literature on the shipbuilding and ship-repairing services offered by Avondale, Circle 35 on Reader Service Card
The Marine Division of the British company, Houseman (Burnham) Ltd. has been acquired by Vecom B.V. of Maassluis, Netherlands. Aiming at strengthening its water treatment operations in specific geographical areas of the industrial market, Houseman wanted to restructure its International Division.
Jerry L. Holman has been named vice president and general manager of Honeywell's Marine Systems Division (MSD) in Seattle, Wash., a c c o r d i n g to Warde F. Wheaton, executive vice president of Honeywell's Aerospace and Defense business. He will report to Richard J. Boyle, vice president and
The offices for operations of the marine division of Reynolds Metals Company and its subsidiary, Caribbean Steamship Company, S.A., have been centered in a new location in Corpus Christi, Texas, it was announced recently. The move from the Petroleum Tower in the downtown area of Corpus Christi to
Daniel R. Rogers has been appointed marketing manager for the marine division of Zidell Explorations, Inc., Portland, Ore. Thomas A. Sherwood, division manager, said Mr. Rogers brings to the newly created position more than 24 years of experience in the marine industry, primarily in sales and
AMCA International Corporation recently announced the formation of a new Marine Division to serve the offshore construction industry. Appointed president of the Marine Division is Peter J. Gwyn who has had extensive experience in marine construction. He joined AMCA, formerly known as Dominion Bridge
Electro-Nav president Robert E. Negron announced recently that agreement had been reached with Britain's Redifon Telecommunications Ltd. to transfer ownership and operation of Redifon's Marine Division to the newly formed Electro-Nav International Ltd., a wholly owned subsidiary of Electro-Nav Inc.
Canadian National Railways has established a separate operating entity for its waterborne activities, Robert Bandeen, president, recently announced in Montreal. To be known as CN Marine, the new division will initially comprise CN's East Coast marine What is the single best commercial SSB system?
The appointment of Thomas A. Moran Jr. as executive vice president- Marine Division of Bay- Houston Towing Company was announced recently by Cecil R. Haden, president. Formerly vice president marine sales, Mr. Moran will assume responsibility for overall operation of the division, which is Texas's l
Marathon LeTourneau Company, Marine Division in Vicksburg, Miss., launched its 47th self-elevating "jackup" drilling platform March 1,1974. During 1973, Marathon's Vicksburg yard completed production and delivered three jackup drilling platforms, along with completing a major modification and
Capt. George F. Price Jr., a career member of the staff of Lykes Bros. Steamship Co., Inc., a subsidiary of The LTV Corporation, has been named vice president of the company's Marine Division, it was announced by Lykes chairman Joseph T. Lykes Jr. He succeeds Capt. Ernest B. Hendrix, who has retired.
Raymond M. Burke, vice president and general manager, has announced three promotions in the Ameroid Marine Division of Drew Chemical Corporation. John P. Kay has been named vice president-development; John R. Wolf director of sales-North and S o u t h A m e r i c a ; and Jack E. Woolen, manager-devel
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