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Tag Archives: Submarine

L-3 to Produce Submarine Passive Sonar Receivers Under Potential $238M Navy Contract

L-3 logo

L-3 Communications (NYSE: LLL) has been awarded a potential $238.2 million contract by the U.S. Navy to develop and manufacture passive sonar receiver technology for installation on submarines. The Defense Department said Wednesday the company will provide a first article TB-29X towed array receiver unit, production towed array assemblies and receiver units, test sets, shipping reels, …

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Huntington Ingalls Tops Street’s 2Q Earnings Forecast

Huntington Ingalls HII

Huntington Ingalls Industries (NYSE: HII) exceeded the consensus analyst outlook for earnings per share in its second quarter financial statement released before U.S. financial markets opened Thursday with revenue down on lower volume on aircraft carrier and submarine activity. Military shipbuilder and GovCon Index-listed company Huntington Ingalls reported second quarter earnings at $2.80 per share …

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General Dynamics Lands Award for Additional Funds on Virginia Payload Module Contract

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TYSONS CORNER, VA, July 21, 2016 — General Dynamics (NYSE: GD) has secured an $18.9 million contract modification from the U.S. Navy for the development of a payload module for the Virginia-class attack submarines, ExecutiveBiz reported Wednesday. The company said Tuesday the award covers two Virginia payload module pre-production units and brings …

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Lockheed Martin Updates Navy’s Submarine Warfare Federated Tactical Systems

lockheed martin

TYSONS CORNER, VA, February 26, 2016 — Lockheed Martin (NYSE: LMT) currently works on the redesign of the U.S. Navy‘s Submarine Warfare Federated Tactical Systems installed on several submarine classes, ExecutiveBiz reported Thursday. The company said Tuesday it will perform work at its anti-submarine warfare laboratory in Virginia as part of a …

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Progeny Wins $55M Navy Submarine Payload Control System Development Contract

Virginia class submarine

Progeny Systems has won a $54.7 million contract to develop and test the General Dynamics-developed (NYSE: GD) payload or tactical control system of the U.S. Navy’s AN/BYG-1 submarine combat control system. The Defense Department said Wednesday Progeny will work on the system installed on new and existing Navy submarines and joint program …

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General Dynamics Subsidiary to Develop Ohio Replacement Submarine Prototype

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TYSONS CORNER, VA, February 11, 2016 — A subsidiary of General Dynamics (NYSE: GD) will provide a prototype unit for the U.S. Navy’s Ohio Replacement submarine under a $23.6 million contract modification, ExecutiveBiz reported Wednesday. The company said Tuesday General Dynamics Electric Boat will also design an air-conditioning unit and develop technical manuals for the new ballistic …

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Bechtel Wins $393M Navy Contract for Nuclear Propulsion Components

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Bechtel’s plant machinery division has secured a potential $393 million contract to continue to supply nuclear propulsion components to the U.S. Navy. The Naval Sea Systems Command awarded the cost-plus-fixed-fee contract as part of the Naval Nuclear Propulsion Program, the Defense Department said Wednesday. The Energy Department’s National Nuclear Security Administration …

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Navy Taps 4 Firms for $206M Non-Skid Deck Installation, Removal Support IDIQ

Virginia class submarine

The U.S. Navy has awarded positions on a potential one-year, $206 million contract to four companies to provide non-skid deck removal and installation support services for the Mid-Atlantic Regional Maintenance Center in Virginia. The service branch awarded the fixed-price, indefinite-delivery/indefinite-quantity contract through competitive procurement with four bids received via the …

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Lockheed Martin Unveils $3M Submarine Combat System Laboratory in Australia

lockheed martin

TYSONS CORNER, VA, December 1, 2015 — Lockheed Martin (NYSE: LMT) has unveiled a new $3 million submarine combat system laboratory in Australia that will work to support the country’s submarine forces, ExecutiveBiz reported Monday. Lockheed said Friday the hub will provide submarine design and sustainment services and facilitate collaboration between Australian …

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Huntington Ingalls to Help US Navy Maintain USS Columbus

USS Columbus

Huntington Ingalls Industries has been awarded a potential $288,642,249 contract to assist the U.S. Navy in maintaining and upgrading the USS Columbus submarine. The company will perform modernization and engineering works on the submarine as part of the modernization efforts, Defense Department said Friday. Huntington Ingalls will carry out the …

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