Panagiotis Theodoropoulos Ship Repairs LTD

Panagiotis Theodoropoulos Ship Repairs LTD, a for-profit ship repair and maintenance company based in Perama, Greece, operates as a prime contractor delivering voyage repairs, emergency maintenance, and technical services to the U.S. Navy across its fleet operating in the Mediterranean theater. The vendor is foreign-owned and competes full-and-open with no set-aside designation across all recent awards.

The vendor's customer base is entirely concentrated within the Department of the Navy. The top five Navy commands account for 96% of recent awards: Naval Sea Systems Command dominates with 35 awards and $3.3 million in combined potential value, followed by Military Sealift Command (9 awards, $465 thousand), Naval Supply Systems Command (4 awards, $221 thousand), United States Fleet Forces Command Atlantic (4 awards, $114 thousand), and United States Naval Forces Europe Naval Forces Africa (1 award, $289 thousand). The concentration by dollar value matches closely — Naval Sea Systems Command anchors 98% of combined potential value. Recent representative work includes a $287,723 purchase order from Naval Sea Systems Command (April 2026) for flight deck safety and frame repair on USS Bulkeley, a $449,310 order (March 2026) for interior compartment remediation under work item #512-11-001, a $289,178 definitive contract (February 2025) for emergent repairs on USS Harry S. Truman, and a $178,564 voyage repair order (January 2023) for USS Leyte Gulf in Souda Bay, Greece. The vendor has completed work on named vessels including USS Cole, USS Churchill, USS Oscar Austin, and USNS Joshua Humphreys.

All 55 awards are prime contracts; the vendor has no subcontract footprint. The combined potential value across all awards is $4.5 million, with $3.9 million obligated (88% execution rate). Activity has remained modest and flat — four awards in 2022, two in 2023, three in 2024, four in 2025, and three in 2026 — with no awards facing recompete in the next twenty-four months. The vendor's capability portfolio centers on seawater pipe repairs, shell plating inspections, welding, insulation and lagging replacement, machinery repair, crane and rigging support, and voyage repair execution at Souda Bay and other Mediterranean ports where U.S. Navy vessels conduct maintenance during forward deployments. The vendor's NAICS and PSC coding confirms ship-building and repairing (54 awards under Non-Nuclear Ship Repair East PSC) as the overwhelming primary work category.