Marisco, LTD.

Marisco, LTD., a Hawaii-based small business shipyard located in Kapolei, operates as a prime contractor (99% of recent awards) delivering ship repair, maintenance, and modernization services to the U.S. Navy, U.S. Coast Guard, and other maritime federal agencies. The company competes under total small business set-asides on the majority of its Navy work and full-and-open on several large Army watercraft contracts awarded in early 2026. Marisco is a for-profit corporate entity with two named subsidiaries — Coordinated Wire Rope of Hawaii and American Metal Bearing Company — and has maintained continuous federal contracting relationships since 2002 through a diversified portfolio spanning ship repair, tank cleaning, hull maintenance, structural metal replacement, navigation system upgrades, and watercraft sustainment services across CONUS and OCONUS regions.

The Naval Sea Systems Command dominates Marisco's customer concentration, accounting for 156 awards (26% of total) valued at $914.1 million combined potential value — far exceeding all other customers. The Department of the Army's TACOM Life Cycle Management Command ranks second by dollar value ($357.4 million) from 12 recent awards tied to Army Watercraft Sustainment Maintenance (AWSM) Program IDIQs awarded January 30, 2026, with combined ceilings totaling $280.8 million across OCONUS Zone 2 ($211.1 million) and Zone 3 Pier Side ($69.8 million). The National Oceanic and Atmospheric Administration (64 awards, $201 million), the Department of Homeland Security U.S. Coast Guard (98 awards, $29.7 million), and the Department of the Navy Military Sealift Command (25 awards, $66.5 million) round out the top five, accounting for 85% of awards by count. This concentration reflects Marisco's strategic positioning as a Hawaii-based facility serving the Pacific Fleet and vessels homeported or visiting Pearl Harbor.

Marisco holds a substantial parent-vehicle position spanning Navy, Coast Guard, Army, and NOAA contracts. The Surface Vessel Maintenance Multiple Award Contract (SURFMAC) under NAVSEA, a $226.2 million small business set-aside IDIQ running through March 2034, carries numerous delivery orders for non-nuclear surface ship repair. The Hawaii Regional Maintenance Center (HRMC) IDIQ, recently increased to a $300 million ceiling on September 11, 2024 (from $38.7 million), provides a total small business set-aside vehicle for Chief of Naval Operations availabilities, continuous maintenance, and emergent maintenance at Pearl Harbor. Marisco also holds the $73.8 million NOAA Dockside Repairs IDIQ (total small business set-aside through August 2028) and two Army AWSM Program IDIQs totaling $280.8 million (no set-aside) that commenced in January 2026. A basic ordering agreement (N0002485H8183) accounts for 39 task orders, demonstrating recurring ordering patterns across Navy work.

Activity has remained relatively flat over the past five years — six to nineteen awards annually from 2022 through 2026 — with a notable uptick in 2024 (19 awards) driven by Coast Guard definitive contracts for drydock services and multiple Navy delivery orders. The $1.57 billion combined potential value across 595 awards reflects a diversified pipeline, though only $239.3 million (15% of potential value) has been obligated to date. The recompete cliff shows minimal near-term exposure: only three awards complete within the next twenty-four months with combined potential value of $407 thousand. The vast majority of Marisco's potential value is concentrated in IDIQs and BOAs with multi-year ordering windows extending through 2031–2034.

Marisco operates overwhelmingly as a prime contractor. Federal Service Contract Inventory data show minimal SCI reporting — $5.2 million in invoiced revenue across FY2024 on three prime records with an average of 20.0 FTEs deployed on federal service contracts above the $150,000 SCI threshold. The average government-paid hourly rate on SCI-reportable prime contracts is $276.29/hr, with zero subcontractor hours reported on those records. This low SCI footprint reflects the nature of Marisco's business: most revenue flows through ship repair delivery orders and definitive contracts priced on a firm-fixed-price basis and categorized under goods/services rather than labor-hour service contracts. In its subcontractor role, Marisco delivers specialized maritime services — stern tube shaft seal overhauls, hull treatment tile work, mast repair, and vessel berthing services — to Valkyrie Enterprises, Electric Boat Corporation, and Vigor Marine LLC on Navy modernization and sustainment work.

Federal grant activity rounds out Marisco's portfolio. The company received a $584,563 project grant from the U.S. Department of Transportation's Maritime Administration under the Assistance to Small Shipyards program (CFDA 20.814) awarded August 7, 2024, for the acquisition of a 335-HP electric air compressor and Lincoln Electric Fineline 300D plasma cutter to enhance shipyard efficiency and productivity. A second grant of $372,840 under the Improvement of Navy Ship Repair or Alterations Capability Program (CFDA 12.031) was awarded by Naval Sea Systems Command on October 1, 2025, for a U.S.-built telehandler to support ship repair operations at Barbers Point Harbor and Pearl Harbor Naval Shipyard, with completion targeted for February 28, 2026. Both grants target capital equipment enhancement rather than operational services.