Park Corporation

Park Corporation, through its subsidiary Erie Forge & Steel Inc., is a significant supplier of critical components for U.S. Navy vessels. The company specializes in manufacturing metal goods and components supporting defense platforms, particularly propulsion system elements for submarines and surface ships. Erie Forge & Steel, doing business as EFS, has established itself as a key contractor for the Naval Supply Systems Command, providing essential hardware for various ship classes including Arleigh Burke-class destroyers, amphibious transport docks, and submarines.

Erie Forge & Steel has been awarded numerous prime contracts by the Department of the Navy, primarily through the Naval Supply Systems Command. These contracts predominantly involve the production of propeller shafts, stern shafts, and submarine shafts for different classes of naval vessels. Notable examples include multiple awards for DDG 51-class propeller shafts, each valued at several million dollars, with completion dates extending into 2026. The company has also secured contracts for submarine shafts, with individual awards reaching up to $8.7 million. These contracts are typically firm-fixed-price arrangements, either as definitive contracts or delivery orders under existing indefinite delivery vehicles. The work is consistently performed at the company's facility in Erie, Pennsylvania, and the contracts generally do not involve set-aside designations, indicating open competition.

Park Corporation, through Erie Forge & Steel, currently holds two significant Indefinite Delivery Vehicles (IDVs) with the Naval Supply Systems Command. The first is a multiple-award IDIQ contract for the procurement of waterborne surface shafts, awarded in July 2023 with a ceiling value of $137 million and an ultimate completion date in July 2028. This contract covers the manufacture and delivery of propulsion shafts, stern tubes, and other shaft components for various ship classes, including DDG-51 Arleigh Burke-class destroyers, LHD and LSD amphibious vessels, and DDG 1000 Zumwalt-class destroyers. The second IDV, awarded in May 2023, is also a multiple-award contract focused on the repair of waterborne surface shafts across various Navy ship classes. This contract has a substantially higher ceiling value of $323,686,808 and runs until May 2028. Both IDVs operate without set-aside designations and have already seen the issuance of task orders, including substantial orders for DDG-51 stern shafts and propeller shafts, as well as minimum guarantee orders to initiate work under the contracts.