Lockheed Shipbuilding and Construction Company
The shipbuilding industry has suffered more than a decade-long decline.
Increased international competition and a long-term glut of shipbuilding capacity has led to shipyard closures around the world. Slow to adopt new technologies used by international competitors, large US shipbuilders in
the 1980's became increasingly dependent on Navy contracts. With defense department cut-backs in the 90's, the industry has shrunk even further. Seattle's largest builder, Lockheed, permanently closed in 1987.
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Updated Wednesday, December 02, 1998 4:45:59 AM