GMD Shipyard Corp.

GMD Shipyard Corp., a for-profit small business headquartered in Brooklyn, New York, operates as a prime contractor delivering ship repair, drydock maintenance, and vessel preservation services to federal maritime agencies exclusively under total small business set-asides. The company competes only in the small business reserved space across its federal portfolio, with 100% of 105 recent prime awards carrying small business designations.

GMD Shipyard's capability footprint is narrowly specialized: drydock repairs, hull plating inspection and ultrasonic testing, tank cleaning and preservation, propulsion system overhaul, mechanical and electrical system work, underwater body inspection, sea valve renewal, cathodic protection, and deck modifications. The company operates its own shipyard facility in Brooklyn and performs work on vessels homeported or staged at that location. Representative recent work includes a $2.77 million total small business definitive contract with the Coast Guard for drydock repairs to USCGC Venturous (awarded August 2026, performance August to November 2026), a $4.22 million delivery order for drydock repairs to USCGC Walnut (awarded March 2026, completion July 2026), and a $5.2 million definitive contract for USCGC Diligence drydock repairs (completed February 2024).

Customer concentration is extreme and creates significant recompete risk. The Coast Guard accounts for 61 of 105 awards and $197.2 million of the $1.41 billion combined potential value, representing the overwhelming bulk of GMD's workload. However, the top-customer-by-value ranking surfaces a critical structural shift: the Army (through TACOM Life Cycle Management Command) holds only 6 awards but anchors $909.4 million of combined potential value, and the Navy's Military Sealift Command holds only 2 awards but carries $248.8 million. These two Army and Navy vehicles dwarf Coast Guard dollars and represent the vendor's largest contract vehicles. NOAA and Maritime Administration round out the active customer set with 13 and 8 awards respectively, but in far smaller dollar magnitudes.

GMD's position on five primary IDIQs drives its pipeline. The Army Watercraft Sustainment Maintenance Program (AWSM) Zone 1 CONUS Services IDIQ, awarded January 30, 2026, carries a $241.4 million ceiling and runs through July 2031 — this is GMD's single largest vehicle and a non-small-business-set-aside multiple-award contract that positions the vendor as a mainstream Army watercraft repair supplier. The Military Sealift Command EPF Layberth Services IDIQ, awarded February 28, 2025, carries a $248.8 million ceiling running through February 2030 and procures berthing, mooring, and logistical services for Expeditionary Fast Transport vessels. The Coast Guard holds three significant IDIQs: a $26.3 million Inland Ice Breaker Tugs and 120-foot Barges drydock repairs IDIQ (July 2025, completion July 2026); a $10.6 million WYTL Class Drydock Maintenance IDIQ (September 2023, completion September 2026); and two single-award IDIQs for CGC Oak and USCGC Walnut repairs (both March 2026, running through June and July 2026).

Activity has stabilized after a contraction. GMD placed 6 awards in 2022, 4 in 2023, 1 in 2024, 5 in 2025, and 7 in 2026 — the 2024 dip reflects reporting lag or task-order issuance timing rather than a business decline, as the Army and Navy IDIQs (which anchor $1.09 billion in ceiling value) were awarded in late 2025 and early 2026. Only 2 awards with combined potential value of $7 million face ultimate completion within the next 24 months, indicating low near-term recompete exposure relative to the vendor's total pipeline.

Service Contract Inventory reporting captures a partial view of GMD's federal services activity: $29.6 million in SCI-reportable invoiced revenue across FY2022–FY2025, with workforce scale of 55.7 FTEs in FY2022, declining to 64.4 in FY2023, then dropping sharply to 6.0 FTEs in FY2024 and 8.7 in FY2025. The FY2024–2025 contraction reflects a shift in contract structure or mix rather than business loss — the Army and Navy IDIQs awarded in FY2026 are fixed-price per-task-order vehicles, which may report differently in SCI. On the contracts captured in SCI, government-paid hourly rates averaged $99.71/hr (median), with senior labor reaching $127.75/hr (90th percentile). GMD operates as a self-delivery vendor with zero subcontractor hours share across its SCI-reportable prime contracts.

GMD operates exclusively as a prime contractor; the company holds no subcontract positions in the award footprint and does not appear in SCI records as a named subcontractor. This posture aligns with its specialized shipyard-operator model, where vessel repair work requires dedicated facility control and management rather than teaming arrangements with larger defense primes.