Founded by Simon Lake in 1912, the company was located at the east end of Seaview Avenue in Bridgeport, Connecticut.
The Navy ceased awarding contracts to Lake shortly before that time, partly because USS S-2 (SS-106), the company's entry in the S-class submarine design competition, was not selected for further production.
[1] Also, the yard was not physically able to build the large submarine cruisers then envisioned, such as USS Argonaut (SM-1).
[4] The company designed the Imperial Russian Navy's Osetr-class submarines, the first of which was Lake's Protector.
Note – these submarines were not necessarily built at the Lake Torpedo Boat Company.