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are consistently delivered on or underrunning the Navy's target ahead of their contract delivery costs in excess of $5 million per dates. ship and forecasting underruns on On its first 11 FFGs, BIW is subsequent ships in the program. Maine Governor Joseph E. Brennan (left), BIW president William E. Haggett (center), and BIW chairman John F. Sullivan Jr. discuss recently announced expansion. Bath Iron Works Plans New $46.7-Million Portland Yard Calling it the largest port de- velopment in the state's peace- time history, Maine Governor Jo- seph Brennan has announced the State of Maine and the City of Portland have signed a memoran- dum of intent with Bath Iron Works for a $46.7-million ex- pansion at the Port of Portland. Bath Iron Works, which has been building both Navy and com- mercial ships on the banks of the Kennebec River for 97 years, said it would construct a ship- building repair and overhaul fa- cility at the Maine State Pier in Portland. BIW, which has gained an in- ternational reputation for build- ing ships ahead of schedule and under budget, will utilize the fa- cility to overhaul Navy and com- mercial vessels, as well as to complete the outfitting of new vessels constructed and launched 40 miles up the Maine coast in Bath. The drydock at the Portland facility will have a lift capacity of at least 24,000 tons, three times the capacity of its drydock in Bath. The plan states that Bath Iron Works will provide $16.7 million, of which $10 million will be used for capital investments and $6.7 million to finance the shipyard's working capital re- quirements in the first five years ; that the State of Maine will finan- ce $15 million through General Obligation Bonds; and that the City of Portland will finance $15 million through General Obliga- tion Bonds. While there is a fixed limit on the obligations of Port- land and the State of Maine, Bath Iron Works has agreed to assume responsibility for any cost over- runs which may materialize. "Bath Iron Works believes that the memorandum of intent which we have signed with the State of Maine and the City of Portland for a major expansion of BIW at the Port of Portland marks the beginning of a new and exciting chapter in Maine's rich shipbuild- ing history," said John F. Sulli- van Jr., BIW's CEO and chairman. "I want to say at the outset that this project in no way represents a move by BIW away from Bath. . . . We view this expansion to the Port of Portland as a unique op- portunity to provide for the nec- essary growth and development of BIW which, in turn, will bene- fit the state's economy." Over the past five years, Bath Iron Works Corporation, a Con- goleum Company, has experienced consistent expansion of its work load and employment in Bath. During this period, the ship- yard's work force has grown to over 6,500, which is an all-time record post World War II high; its backlog has increased to $900 million and utilization of the ship- yard's facilities has approached full capacity. Most recently, with seven or eight ships in the water at any one time and building ways fully utilized, BIW has been forced to turn aside potential new work which otherwise would have been extremely attractive. "Bath Iron Works management is very confident that this facility will be successful and create ap- proximately 1,000 new jobs in Portland within five years and added employment in Bath," said William E. Haggett. BIW presi- dent. Presently, Bath-built Guided Missile Frigates for the U.S. Navy are consistently being de- livered 17 weeks ahead of their original contract delivery dates. Three containerships built for Matson and Farrell Lines were de- livered five, 16, and 16 weeks earlier than their original con- tract delivery dates. Navy com- batant ships overhauled at BIW Charles A. Stewart Jr. Appointed Vice President Of Butterworth Systems Charles A. Stewart Jr. Charles A. Stewart Jr. has been appointed vice president and treasurer of the finance depart- ment of Butterworth Systems Inc., the international company that manufactures equipment for tank cleaning, underwater hull cleaning, oil /water separation and high-pressure water jetting. The appointment was announced by Donald Powell, president of Butterworth Systems Inc. Prior to joining Butterworth Systems, Mr. Stewart completed a special assignment on loan from Exxon Corporation to the office of the Mayor of New York. Mr. Stewart graduated from the Wharton School of Finance and Commerce, the University of Pennsylvania, and joined Exxon in 1956. New Michigan-Jastram Transverse Thruster Brochure Available Michigan Wheel Corporation's Systems Group has a new bro- chure on their transverse thrust- er system. The piece points out the custom design and engineer- ing capabilities of the company which has an exclusive license agreement for marketing in North America and Mexico. Product application ranges are from 100 hp to 700 hp with input rpms up to 2,100. While custom design engineering is stressed, there is a handy model selector chart included to guide potential users in their model determina- tion planning. These systems are designed to greatly increase the maneuver- ability and dynamic stability of vessels under a variety of oper- ating conditions ranging from dockside handling, to offshore rig positioning and river maneuver- ing. For a free copy of the new brochure, Write 18 on Reader Service Card Glomar Adriatic II Launched At Marathon's Gulf Marine Division i The wave rolling at the bow of Marathon Hull #162 marks the launching of another self-elevating mobile offshore drilling platform from Marathon LeTourneau's Gulf Marine Division rig yard at Brownsville, Texas, recently. The Glomar Adriatic II, a Marathon Class 116-C cantilever jackup drilling platform, will remain at the company's rig yard while the derrick and other drilling package com- ponents and the rest of the rig's 410-foot legs are installed. Marathon Manufacturing Company is the leading manufacturer of mobile offshore jackup drilling platforms and a multi-product com- pany manufacturing materials handling equipment, fabricated steel products, metal buildings, white oils, batteries and consumer goods, and providing civil engineering and construction services. Marathon Manufacturing is a wholly owned subsidiary of The Penn Central Corporation. 14 Maritime Reporter/Engineering News
