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Exhibit 2 Navy Ship Overhauls Scheduled For The Private Sector During FY 1984-1985 Work Start Type Procurement Ship Date Contract Contract Office Notes ARDM 1 Jan 85 Fixed Price SupShip Charleston ARDM 4 July 85 Fixed Price SupShip Boston AS 33 June 85 Fixed Price NAVSEA 02 DD 974 Oct 83 CPAF NAVSEA 02 Awarded Ingalls DD 979 Feb 84 CPAF NAVSEA 02 Awarded Bath DD 980 Oct 84 CPAF NAVSEA 02 Awarded Coastal DD 982 May 84 CPAF NAVSEA 02 Awarded Coastal DD 983 June 84 CPAF NAVSEA 02 Awarded Ingalls DD 987 Aug 84 CPAF NAVSEA 02 Awarded Bath DD 988 Feb 85 CPAF NAVSEA 02 Awarded Ingalls DD 989 Feb 85 CPAF NAVSEA 02 Awarded Bath DDG 46 Mar 85 Fixed Price NAVSEA 02 FF 1038 Feb 86 Fixed Price SupShip Jacksonville FF 1056 Sept 84 Fixed Price NAVSEA 02 Small Business Set Aside FF 1059 Sept 84 Fixed Price NAVSEA 02 FF 1085 Nov 83 CPAF NAVSEA 02 Awarded Coastal FF 1089 Feb 84 Fixed Price NAVSEA 02 Awarded Gen Ship FF 1092 Aug 84 NAVSEA NAVSEA 02 FF 1094 Mar 84 CPAF NAVSEA 02 Awarded Coastal FF 1095 May 85 CPAF NAVSEA 02 Will be multiship FF 1097 Nov 85 CPAF NAVSEA 02 contract FFG 5 Sept 84 Fixed Price NAVSEA 02 LKA 117 July 84 CPAF SupShip Portsmouth LPD 1 Feb 85 Fixed Price SupShip Portsmouth LPD 12 Aug 85 Fixed Price SupShip Portsmouth LPD 14 June 84 Fixed Price SupShip Portsmouth LSD 37 Jan 85 Fixed Price SupShip Portsmouth LST 1180 June 84 Fixed Price SupShip Portsmouth LST 1181 Apr 85 Fixed Price SupShip Portsmouth MS0 443 Oct 84 Fixed Price SupShip Jacksonville MSO 448 Jan 84 Fixed Price SupShip Charleston AE 25 June 84 Fixed Price SupShip San Francisco AE 29 July 85 Fixed Pnce SupShip San Francisco AS 37 Jan 84 Fixed Price SupShip San Diego Awarded TAS ASK 9 Sept 85 Fixed Price SupShip San Diego DD 986 Nov 84 CPAF NAVSEA 02 FF 1053 July 85 Fixed Price NAVSEA 02 Small Business Set Aside FF 1069 May 84 Fixed Price NAVSEA 02 FF 1083 Jan 84 CPFF NAVSEA 02 Awarded NASSCO LPD 6 July 85 Fixed Price SupShip Portsmouth LPH 10 Sept 85 Fixed Price NAVSEA 02 LSD 39 July 85 Fixed Price SupShip Long Beach LST 1182 Jan 84 Fixed Price SupShip Portsmouth Awarded SD Iron & Steel LST 1183 July 84 CPFF NAVSEA 02 Awarded NASSCO LST 1184 Feb 84 CPFF NAVSEA 02 Awarded NASSCO LST 1185 Feb 85 Fixed Price SupShip San Diego LST 1189 Sept 84 Fixed Price SupShip Portsmouth Awarded NASSCO LST 1198 Jan 85 CPFF NAVSEA 02 Awarded NASSCO IX 501 Sept 84 Fixed Price SupShip San Diego Source Nava bea Systems Command Thrust when and jvhore you need : Total Control Proven from the Arctic to the North Sea Elliot; White Gill units provide thrust that's completely variable throughout 360° That's total maneuverability Without extending outside the hull lines o( the vessel. White Gil thrusters can turn a vessel in its own length Position it broadside Hold position in roughest seas Counteract strong currents and crosswinds Even provide propul- sion. All while staying free of underwater hazards Original equipment or retrofit simplest controls thru full dynamic positioning. When you need to control your position. Elliott White Gill thrusters can provide the thrust you need- in the direction it's needed. For lull information on White Gill thrusters in four basic models and a wide range of sizes. call or write for a copy of our Bulletin Q-57A. Elliott Company. P.O. Box 239. Springfield. Ohio 45501. Phone (513)324-4191 TWX810-452- 2865. Or Elliott Turbomachinery I id.. Zeta House. Daish Way. Dodnor Lane. Newport Iste of Wight, England P030 5XJ. Phone Newport. I.O.W. (0983) 521333. Telex No. 86216 ELLIOT G. UNITED TECHNOLOGIES ELLIOTT (continued from page 38) About 30-40 percent of the cost of a typical combatant overhaul will be subcontracted by the ship- yard for material purchase. A large integrated yard le.g., Bath, In- galls) will subcontract 2-5 percent for outside labor. Smaller yards may subcontract out 50 percent for specialized services. Profitability of Navy Overhaul We asked master ship repair contractors about the profits in Navy overhaul work. Of 22 responses: • 9 respondents said Navy over- hauls were less profitable than commercial repairs • 11 thought the Navy and commercial repair business had comparable profits • 2 said Navy was more profit- able than commercial work Of the 49 Navy ship overhauls scheduled for the private sector over the next two years: • 31 will be fixed-price contracts • 14 will be cost-plus-award-fee contract • 4 will be cost-plus-fixed-fee contracts Fixed-price contracts squeeze prof- its from bidders in an industry hungry for work. U.S. ship repair 40 Circle 218 on Reader Service Card Maritime Reporter/Engineering News