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Posted November 15. 2012 12:57PM

$13.2M to $16M earmarked for Portsmouth Naval Shipyard improvements

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Reed and Reed Inc., Woolwich, Maine, is being awarded a $13,232,500 firm-fixed-price contract for structural stabilization and repairs at Berth 1, 2A and 2B at Portsmouth Naval Shipyard. The contract also contains seven unexercised options, which if exercised would increase cumulative contract value to $16,052,500.