Platypus Marine Inc.

Platypus Marine Inc., an SBA-certified HUBZone small business based in Port Angeles, Washington, operates as a prime contractor providing drydock repair, vessel maintenance, and maritime shipyard services to federal agencies under total small business and HUBZone set-asides. The company competes exclusively under set-aside categories, with 100% of recent awards designated as small business or HUBZone set-asides, and delivers no work as a subcontractor.

Platypus Marine specializes in comprehensive vessel maintenance, repair, and preservation for government-owned watercraft across the Coast Guard, Navy, and Army. Concrete work spans hull plating inspection and preservation, ultrasonic testing, propeller and shaft replacement, tank cleaning and inspection, electrical and mechanical system upgrades, and sea trials for Coast Guard patrol boats, Navy harbor tugs, utility floats, and Army watercraft. Representative prime awards include a $241.4 million Army Watercraft Sustainment Maintenance Program Zone 1 IDIQ (awarded January 30, 2026, running through July 30, 2031) to sustain continental U.S. Army watercraft assets; a $1.063 million definitive contract with the Coast Guard for drydock repair and maintenance of USCGC TERRAPIN (awarded September 15, 2026, under total small business set-aside); a $4.827 million Naval Supply Systems Command contract for maintenance, repair, and preservation of Harbor Tug Manhattan YT-800 (awarded April 16, 2025, total small business set-aside); and a $4.27 million Naval Sea Systems Command purchase order for delivery of one 60-foot dive support boat (awarded May 31, 2024, total small business set-aside).

Customer concentration clusters heavily around military maritime agencies. The top five customers by award count account for 90% of recent awards: the Department of Homeland Security US Coast Guard leads by volume with 80 awards ($63 million combined potential value), Naval Sea Systems Command follows with 61 awards ($159.7 million), Navy Installations Command with 56 awards ($30.3 million), Naval Strategic Systems Programs with 16 awards ($7.7 million), and Army Materiel Command TACOM Life Cycle Management Command with 6 awards ($770.4 million). The rankings diverge sharply on dollar value—TACOM's single large IDIQ dwarfs all other customers and accounts for 72% of combined potential value across the entire portfolio, while Coast Guard awards, though most numerous, represent only 6% of dollars. This concentration exposes Platypus Marine to significant recompete risk: the TACOM IDIQ, the largest single vehicle, runs through July 30, 2031, but six awards totaling $5.7 million in combined potential value complete within the next twenty-four months.

Platypus Marine holds three major IDIQs. The Army Watercraft Sustainment Maintenance Program Zone 1 contract (ceiling $241.4 million through July 2031) sustains Army watercraft across CONUS. The Navy Shop Support IDIQ MAC (ceiling $42.4 million through September 2027) provides shipfitting, welding, machining, electrical, pipefitting, and other maintenance trades to Puget Sound Naval Shipyard and Intermediate Maintenance Facility. A Naval Sea Systems Command indefinite delivery contract (ceiling $5 million through August 2028) covers blocking, preservation, and lifecycle maintenance of approximately 48 small boats—harbor security boats from 28 to 33 feet, utility boats from 19 to 25 feet, and work boats from 21 to 32 feet—at Puget Sound Naval Shipyard. Platypus Marine issues task orders against these vehicles annually; the Navy Shop Support IDIQ and the NAVSEA small-craft preservation vehicle together represent the vendor's primary ongoing vehicle posture for Navy work. Historical parent vehicles include Navy NW Port Operations Maintenance (27 task orders, $4.7 million) and USCG Drydock Repairs for WPB 87' and 110' patrol boats (9 task orders, $5.8 million).

Activity trajectory shows modest growth: the vendor averaged 11 awards per year across 2022–2026, with peak volume in 2023 (21 awards). Year-over-year activity fluctuates—declining from 21 awards in 2023 to 12 in 2024, rising to 10 in 2025, then returning to 12 in 2026—indicating project-driven procurement rather than sustained growth. Combined potential value across all 244 prime awards totals $1.07 billion, with $118 million obligated (11% of potential), reflecting the IDIQ structure where large ceilings are drawn down incrementally through task orders.

SCI-reported federal service-contract invoicing, which captures contracts above the $150,000 threshold and excludes goods and products, shows $5.9 million across FY2022–FY2024: $4 million in FY2022 (8.7 FTEs), $1.8 million in FY2023 (4.1 FTEs), and zero in FY2024. These figures represent only service contracts in the SCI dataset—a subset of Platypus Marine's total federal services activity and a small fraction of total enterprise revenue. On federal services contracts captured in SCI, government-paid median hourly rates ran around $238.41/hr, with senior labor pricing reaching $279.29/hr and entry-level labor around $188.44/hr. Across SCI-reportable prime contracts, subcontractors accounted for 0% of hours, indicating Platypus Marine builds and staffs its own delivery teams without reliance on named subs.

Platypus Marine operates as a pure prime across its federal footprint—244 awards, 100% prime, zero subcontract work. The vendor's NAICS profile is tightly focused: Ship Building and Repairing (NAICS 336611) accounts for 227 of 244 awards, with boat building and equipment repair making up the remainder. PSC coding aligns with this focus, with Non-Nuclear Ship Repair West (78 awards) and Maintenance/Repair/Rebuild of Equipment for ships and small craft (130 combined awards across two related codes) dominating the portfolio. Place of performance is fixed at Port Angeles, Washington, where Platypus Marine operates a full-service shipyard facility in the Puget Sound region with the infrastructure, workforce, and geographic proximity required to support Coast Guard, Navy, and Army watercraft sustainment missions across the Pacific Northwest.

Platypus Marine is one of the Pacific Northwest's largest full-service shipyards, offering both indoor and outdoor facilities for marine refit, repair, and new construction. With a long-standing record of excellence, we have provided services to a wide range of vessels for the U.S. Navy, U.S. Coast Guard, U.S Army, and U.S Army Corps, as well as commercial and charter vessels, tugboats, and passenger ships. Our facility features over 110,000 square feet of enclosed space, spread across multiple buildings dedicated to specific services, including a paint shop, metal fabrication shop, fiberglass shop, mechanic shop, carpentry shop, and electrical shop. Now with our newly leased Terminal 1 space, we offer pier-side capabilities, allowing us to handle larger projects directly on the water.