Todd Shipyards


The []Todd Shipyards Corporation, commonly known as Todd Shipyards, was an American shipbuilding and ship repair company. Founded in 1916 as the William H. Todd Corporation, the company produced many ships during World War I and was a major part of the Emergency Shipbuilding Program during World War II. At its peak, the company owned and operated shipyards on the West Coast of [the United States], East Coast of the United States, and the Gulf.
In the post-war years, Todd Shipyards performed building and maintenance work for, among others, the United States Navy and Royal Australian Navy, the United States Coast Guard, and the Washington State Ferries. The company filed for bankruptcy in 1987 after years of financial struggles. It resumed operations in 1991 as the Todd Pacific Shipyards Corporation after closing all locations except for its shipyard in Seattle, Washington.
The company continued more limited operations in the Puget Sound region of Washington until it was acquired by Vigor Industrial in 2011. Todd Shipyards became a wholly owned subsidiary of Vigor and operated under the name Vigor Shipyards for a number of years.

History

Early history

Todd Shipyards was founded in 1916 as the William H. Todd Corporation when properties of the Tietjen & Lang Dry Dock Company of Hoboken, New Jersey, were bought in 1916 by a syndicate headed by Bertron Griscom & Company of New York and placed under management of William H. Todd, president of the Robins Dry Dock & Repair Company in Brooklyn, New York. That acquisition was followed by acquisition of the Tebo Yacht Basin, Brooklyn, and the Seattle Construction and Dry Dock Company.

World War II

From 1940 to 1945, during World War II, Todd Shipyards built or repaired 23,000 ships in many shipyards with 57,000 workers. Todd ranked 26th among United States corporations in the value of World War II production contracts.

Post-war development

In October 1977, the company created the Todd Pacific Shipyards Corporation as a wholly owned subsidiary by combining its Todd Pacific Shipyards, [Seattle Division|Seattle Division] and Los Angeles Division.
The Todd Shipyards Corporation was impacted by the 1983 Pacific Coast Metal Trades Union strike.
Todd Shipyards filed for Chapter 11 bankruptcy in 1987. The company came out of Chapter 11 protection in 1991 as the Todd Pacific Shipyards Corporation after having shuttered all of its locations except for its shipyard in Seattle.
In 1995 Todd branched out and started a radio subsidiary company called Elettra Broadcasting Corporation. Elettra Broadcasting operated three FM radio stations in Carmel.

Acquisition by Vigor Industrial

In February 2011, Vigor Industrial purchased Todd Shipyards for US$130 million. This included Todd's shipyards in Seattle, Everett, and Bremerton. The company became a wholly owned subsidiary of Vigor and began operating as Vigor Shipyards after the acquisition.

Todd Shipyards locations