In early 2011, Davie announced a bid by Fincantieri – Cantieri Navali Italiani of Italy and Fincantieri subsidiary DRS Technologies Canada to purchase the shipyard from TECO.
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The Canadian engineering conglomerate SNC-Lavalin, Upper Lakes Groups Inc. and South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) will partner in a joint venture.
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Created in 2006 when TECO purchase the assets for the bankrupt MIL-Davie, the new Canadian unit is based in Lauzon, Quebec.
Union Stock Yards | Mars, Incorporated | Oriole Park at Camden Yards | incorporated | William Richardson Davie | Davie, Florida | Alan Davie | Nunavut Tunngavik Incorporated | National Lampoon, Incorporated | England Furniture Incorporated | Donald Davie | Davie Fulton | Atlantic Yards | NTL Incorporated | Kids Incorporated | Iron Mountain Incorporated | Icom Incorporated | Camden Yards Sports Complex | Batman Incorporated | William R. Davie House | Waterloo Co-operative Residence Incorporated | Tim Davie | The Links, Incorporated | The Davie County Enterprise-Record | Sunkist Growers, Incorporated | Steam Incorporated | Purkinje Incorporated | Precor Incorporated | NightRiders, Incorporated | Michael Davie |
The competing Davie Yards Incorporated in Lauzon, QC experienced similar financial difficulty and spent much of the decade in mothball status.