MEB General Contractors Secures $442.1M Navy Contract for Norfolk Dry Dock Modernization

MEB General Contractors Inc., Chesapeake, Virginia, is awarded a $442,127,000 firm-fixed-price, award-fee-incentive with economic-price-adjustment contract for modernization of Dry Dock #3 at Norfolk Naval Shipyard. Work will be performed at Portsmouth, Virginia, and is expected to be completed by January 2031. The maximum dollar value, including unexercised options and potential award fee, is $467,181,292. The contract will be incrementally funded with fiscal 2025 and future fiscal year military construction (Navy) funds. Fiscal 2025 funds in the amount of $42,177,500, will be obligated at time of award. This contract was competitively procured via the System for Award Management website, with three offers received. The Naval Facilities Engineering Systems Command, Atlantic, Norfolk, Virginia, is the contracting activity (N62470-26-C-0001).