LEEVAC Shipyards LLC receives DOT/MARAD endorsement for the Jennings facility to move forward with plans to modernize the Jennings Shipyard.  "We are very pleased with the announcement from Transportaion Secretary Ray LaHood that LEEVAC Shipyards Jennings LA was one of fifteen yards selected " said Chris Vaccari President and CEO.  MARAD received 141 grant applications requesting $123 million in assistance. The grants fund a variety of projects, including infrastructure improvements and modernizing equipment to increase the efficiency, competitive operations, and quality construction of vessels in U.S. shipyards. 

Subject: Transportation Secretary LaHood Announces $9.98 Million to Strengthen U.S. Shipyard Competitiveness

http://www.marad.dot.gov/news_room_landing_page/news_releases_summary/news_release/MARAD_03-12.htm