Sherwin-Williams Awarded Navy Contract
January 19, 2010
CLEVELAND – Sherwin-Williams Protective & Marine Coatings has been awarded a $24 million, five-year U.S. Navy contract to supply marine coatings per just-in-time (JIT) delivery to four U.S. Navy shipyards. The company was one of two low bidders in the first national comprehensive JIT coatings contract awarded by the Fleet and Industrial Supply Center (FISC), based in Norfolk, VA. The overall value of the contract, awarded over five years, is approximately $34.5 million. Previous U.S. Navy JIT contracts had been awarded for individual shipyards.
The new comprehensive contract will take advantage of Sherwin-Williams’ ability to provide coatings on a JIT basis through its vast supply, distribution and warehousing network, providing overall cost savings via economies of scale. The four shipyards (located in Norfolk, VA; Portsmouth, NH; Bremerton, WA; and Pearl Harbor, HI) will share in large-batch production of coatings that will be certified for all four shipyards.