Theodore J. Dalheim, Jr. Joins Bartlett Maritime Corporation as Chief Financial Officer

Cleveland, OH August 10, 2022. Bartlett Maritime Corporation is pleased to announce that Theodore J. Dalheim, Jr. has joined the company as Chief Financial Officer.

Over the last decade the nation’s 4 Naval Shipyards have been unable to complete the required maintenance on the US Navy’s aircraft carriers and submarines, with an average, according to a Government Accountability Office (GAO) analysis, of more than 0.6 aircraft carriers and more than 3.4 submarines always unexpectedly sidelined in delayed maintenance. GAO and other third-party entities such as the Congressional Budget Office (CBO), the Navy itself, and the Heritage Foundation have extensively documented this current US Navy aircraft carrier and submarine maintenance crisis. This crisis is described in more detail, with extensive reference to these third-party analyses, on our website.

In response, Bartlett Maritime Corporation has developed its immediately actionable, cost-effective public-private-partnership proposal – The Bartlett Maritime Plan™ – to add the required capacity and capability to the Naval Shipyard industrial enterprise. The company’s team includes an exceptionally well-qualified team of senior leaders in both Naval shipbuilding & maintenance and in various key aspects of commercial industry on both the company’s Senior Advisory Board and the company’s senior operating staff. The addition of Mr. Dalheim further expands the company’s experience base and staff breadth.

Dalheim comes to Bartlett Maritime with a long record of experience as a financial leader in the Naval Nuclear Power Program industrial base. His most recent position was as Vice President, Finance with BWX Technologies, Inc., a major supplier of fuel and heavy equipment for nuclear-powered US Navy submarines and aircraft carriers. Prior to this he served as Chief Financial Officer and acted as in-house Counsel at Marine Mechanical Corporation, a Cleveland-based designer, manufacturer and supplier of electro-mechanical equipment used by the US Navy, which was acquired by BWX Technologies, Inc. in 2007. In his position at Marine Mechanical, Dalheim completed a complex facility transaction with the local Port Authority and a capital equipment financing program using State of Ohio Industrial Revenue Bonds. These types of transactions are one element of the unique and innovative Bartlett Maritime Plan™ to finance new capital facilities and equipment for the Submarine Industrial Base. As a native of Northeast Ohio, Dalheim holds a Bachelor of Business Administration Degree from Miami University and Juris Doctor degree from the Cleveland Marshall College of Law. He is a past member of the Ohio Bar Association, and he has previously served on the Board of Directors for University Hospitals in Richmond Heights, OH and Centrus Energy, Inc.

Commenting on the addition of Theodore Dalheim to the Bartlett Maritime Corporation staff, Founder CAPT Edward Bartlett, noted, “Ted is exceptionally well qualified to join our team in support of restoring the required capacity and capability in the Navy’s Submarine Industrial Base. He brings a track record of great success in our very demanding industry and has experience in establishing and implementing complex capital plans. We look forward to his collaboration with Mr. Renold D. Thompson, Jr., the Chief Financial Officer of our operating subsidiary American Naval Shipyard, LLC, as we all work to resolve this urgent National Security issue. Finally, it is great to have another proven senior leader in our industry from Northeast Ohio join our team."