POWELL INDUSTRIES INC
POWL
Industrials
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Powell Industries engineers and manufactures bespoke shipboard electrical switchgear for the U.S. Navy under direct Department of Defense contracts. An Armed Services Board of Contract Appeals (ASBCA) ruling (No. 61730, Jan 2019) documents Powell as a Navy contractor for shipboard electrical switchboard assemblies classified as ship-critical safety items by NAVSUP Weapon Systems Support. Powell's switchgear and power distribution systems are purpose-built to naval specifications for combat vessels, placing the company in the category of dedicated defense equipment manufacturers rather than general industrial suppliers. The company's primary markets are oil and gas, petrochemical, and utilities, but it maintains an ongoing Navy contracting relationship.
Research Sources
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