Lyon Shipyard Inc.

Lyon Shipyard Inc., a veteran-owned, for-profit subchapter S corporation headquartered in Norfolk, Virginia, delivers ship repair, maintenance, modernization, and industrial support services to the Department of the Navy and the Department of the Army as a prime contractor on delivery orders and indefinite-delivery contracts. The company competes under the Total Small Business set-aside category on most of its newer and larger vehicle awards, though a significant portion of task orders flow unrestricted (full-and-open). Lyon Shipyard operates a full-service shipyard facility in Norfolk offering drydocking, structural repairs, mechanical and electrical work, tank cleaning, vessel overhaul, and modernization across surface combatants, amphibious ships, Navy support craft, Army watercraft, and Military Sealift Command auxiliary vessels.

The company's customer concentration is heavily weighted toward Naval Sea Systems Command (NAVSEA), which accounts for 306 awards carrying $2.2 billion in combined potential value — representing approximately 55% of the company's total award portfolio by dollar magnitude. The Department of the Army's TACOM Life Cycle Management Command represents the second-largest customer concentration with 25 awards valued at $979.7 million, primarily for Army Watercraft Sustainment Maintenance (AWSM) zone contracts. Military Sealift Command (57 awards, $277.8 million) and the National Oceanic and Atmospheric Administration (10 awards, $74.6 million) round out the primary customer base, which collectively covers 96% of combined potential value across 23 distinct federal agencies. NAVSEA dominates both award count and dollar rankings, with no secondary customer approaching parity.

Lyon Shipyard holds multiple significant parent vehicles spanning both NAVSEA and Army platforms. Under NAVSEA, the company operates multiple IDIQs including a $300.2 million contract for non-complex emergent maintenance, continuous maintenance, and CNO availabilities on amphibious ships homeported in Norfolk (awarded September 29, 2022, through January 3, 2027); a $177.1 million contract for equivalent services on surface combatants in Norfolk (same dates); an $80.7 million Hull, Mechanical, and Electrical (HM&E) repair IDIQ (awarded May 14, 2025, through May 13, 2026); a $211.3 million Messing and Berthing Barges contract (awarded July 16, 2025, through July 15, 2030); and two multiple-award Marine Boatyard and Maintenance Support lots totaling approximately $110 million (awarded September and December 2025, running through 2026). Under Army, Lyon Shipyard was recently awarded two AWSM Zone contracts with a combined ceiling of approximately $311.2 million covering pier-side and CONUS services through July 30, 2031. The Military Sealift Command awarded a $140 million East Coast General Ship Repair IDIQ (September 21, 2023, through September 30, 2028). Task order activity across these vehicles is substantial but shows recent decline: 76 task orders on Indefinite Delivery Contract N6267899D0013, 62 on N4002505D5011, 57 on N5005410D1003, 54 against the Messing and Berthing Barges Support parent, and 52 against the Navy Living Barge Repair vehicle. Representative work includes a $15.9 million definitive contract for docking planned maintenance availability on USNS NARRAGANSETT (awarded July 25, 2022); multiple million-dollar delivery orders for continuous maintenance availabilities on guided missile destroyers (USS WASP, USS MITSCHER, USS FORREST SHERMAN, USS COLE); a $2.2 million order for barge maintenance and IX-553 maintenance services (awarded December 1, 2024); and a $1.23 million delivery order for programmed drydocking on Logistics Support Vessel 5 under the Army AWSM Zone 1 vehicle (awarded June 9, 2025).

Activity has declined year over year — from 36 awards in 2022 to 9 through March 2026 — reflecting both completion of large definitive contracts and the shift toward task-order issuance under the newly awarded IDIQs. Awards obligated total $574 million against $3.98 billion in combined potential value (14% burn), indicating substantial optionality remains in the parent vehicles. Only six awards face ultimate completion within the next twenty-four months, carrying $4.4 million in combined potential value; this represents minimal recompete exposure in the near term, though the two newly awarded AWSM Zone contracts and the refreshed MARMC barges and HM&E vehicles will require sustained task-order pace to capture their ceilings. Lyon Shipyard operates exclusively as a prime contractor across its portfolio — no sub-award activity appears in the source data. The company's NAICS concentration in 336611 (Ship Building and Repair) accounts for 592 of 958 awards, with PSC coding dominated by non-nuclear ship repair (East and West coasts combined: 664 awards) and maintenance/repair of ships and marine equipment. Coast Guard work includes a $2.2 million drydock repair contract for USCGC SMILAX (awarded June 19, 2023) and a $1.7 million definitive contract for USCGC KENNEBEC FY22 drydock (awarded January 31, 2022). Federal infrastructure grant support from the Department of Transportation's Maritime Administration enhanced Lyon Shipyard's facility, though no grant prime awards appear in the portfolio — the company operates as a recipient of grant-funded infrastructure improvements rather than as a grant prime.