BAE Systems Sells San Francisco Ship Repair Business To Puglia Engineering
BAE Systems has sold San Francisco ship repair business to Puglia Engineering which currently operates two shipyards in USA.
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.
“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,” said Erwin Bieber, President of BAE Systems, Inc.’s Platforms & Services sector in a statement Tuesday.
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