Lake Union Drydock Company

Lake Union Drydock Company, a for-profit corporate entity headquartered in Seattle, Washington, operates as a small business prime contractor specializing in drydock repair, maintenance, and preservation services for federal maritime agencies. The company competes exclusively under total small business set-asides across the majority of its federal work and operates with vertical integration and minimal subcontractor engagement—98 percent of its award footprint is prime awards (397 of 398 total awards), and only one sub-award appears in the source record.

Lake Union Drydock's customer base is heavily concentrated in two agencies: the Department of Commerce National Oceanic and Atmospheric Administration and the Department of Homeland Security Coast Guard together account for 97 percent of combined potential value across the award portfolio. NOAA leads by dollar magnitude with 38 awards totaling $243.1 million in combined potential value, while the Coast Guard places 63 awards totaling $232.4 million. The Department of the Navy Naval Supply Systems Command, Naval Installations Command, and Naval Sea Systems Command round out the active set at a combined $27.5 million. This concentration reflects Lake Union Drydock's geographic advantage as a certified drydock facility in Seattle serving vessels homeported in the Pacific Northwest and Alaska.

Capability work spans comprehensive drydock repair, hull preservation, steel repairs, tank cleaning and inspection, machinery servicing, structural repairs, and vessel modernization across the federal research and operational maritime fleet. Recent representative awards include a $13.81 million Naval Supply Systems Command definitive contract (awarded January 8, 2026) for maintenance, repair, and preservation of the YTT-10 vessel with ultimate completion March 10, 2027; a $7.77 million NOAA definitive contract (awarded September 13, 2024) for drydocking repairs to the NOAA Ship Oscar Elton Sette; a $6.573 million Coast Guard delivery order (awarded January 12, 2026) for drydock repair and growth work on the USCGC Cypress; and a $4.264 million NOAA purchase order (awarded September 4, 2026) for drydock repairs to NOAA Ship Fairweather, both firm fixed price with commercial item procurement under FAR Part 12.

Lake Union Drydock holds multiple parent indefinite delivery contracts anchoring its task order pipeline. The top vehicles include a Coast Guard single-award IDC for USCGC Cypress with a $7.6 million ceiling (awarded January 12, 2026, through April 2026), two newer Coast Guard single-award IDCs both awarded September 1, 2026 (for USCGC FIR with $3.292 million ceiling and for dockside repairs with $2.743 million ceiling, both through November 2026), and a NOAA multiple-award Fleetwide Dockside and Ship Maintenance IDV with a $73.8 million ceiling running through August 2028 (awarded September 12, 2023). The portfolio also includes parent Navy IDCs (N6279970C0008 with 171 task orders and N0002485H8173 with 44 task orders) that generate substantial order volume despite the source's limited dollar detail on those vehicles.

SCI-reported federal service-contract invoicing totaled $57.8 million across fiscal years 2022–2025 (a partial view excluding goods, products, micro-purchases, and non-federal revenue). Invoicing peaked in FY2024 at $41.3 million across 100 FTEs at Lake Union Drydock's certified facility, with FY2023 at $16.5 million across 31 FTEs; no SCI-reportable invoicing appears in FY2022 or FY2025 in the source data. Government-paid hourly rates on SCI-recordable prime contracts ranged from $163.34/hr (10th percentile) to $202.82/hr (median) to $397.40/hr (90th percentile), reflecting a mix of labor grades from skilled trades to specialized engineering oversight. Across SCI-reportable prime contracts, subcontractor hours averaged 2 percent of total contractor hours, with 6 named subcontractors identified—reinforcing Lake Union Drydock's primarily vertically integrated delivery model.

Recent activity shows nine awards in 2026 through the first week of September after a slower 2025 with one award. Five awards carry ultimate completion dates within the next twenty-four months with combined potential value of $24.4 million, creating recompete exposure in that window. The company also received a $298,131.64 Maritime Administration Project Grant under the Assistance to Small Shipyards program (CFDA 20.814) awarded August 19, 2025, funding the purchase and installation of capital equipment—a Broderson 9-ton flat-top mobile crane, weld machines, plate cutter, and drydock LED lighting—through August 18, 2027, to enhance facility efficiency and workforce productivity.

Full service shipyard