Search Results for: Vigor

Vigor Industrial Subsidiary to Modernize Navy Destroyer Ship Under Potential $156M Contract

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Vigor Industrial's marine subsidiary has secured a potential $155.6M firm-fixed-price contract to help the U.S. Navy modernize and maintain the USS McCampbell guided missile destroyer. The company will update the ship's mechanical and electrical systems, hull and communications, digital video surveillance and warfighting equipment as part of a depot maintenance availability, the Department of Defense said Monday.

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Carlyle Group, Stellex Close Purchase of Vigor, MHI; Jim Marcotuli Named CEO of Combined Firm

The Carlyle Group (Nasdaq: CG) and Stellex Capital Management completed the acquisition and merger of Vigor Industrial and MHI Holdings three months after they announced the transaction in an effort to form a combined ship repair and fabrications services company.

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Vigor Industrial Subsidiary Wins Potential $304M Contract to Modernize Two Navy Cruisers

Vigor Industrial subsidiary has won a potential two-year, $303.7M contract to modernize two Ticonderoga-class cruiser ships for the U.S. Navy. Vigor Marine will update, maintain and repair USS Chosin and USS Cape St. George systems under the firm-fixed-price contract, the Department of Defense said Friday.

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Carlyle Group, Stellex to Form Naval Ship Repair Company Through Vigor-MHI Merger

The Carlyle Group (Nasdaq: CG) and Stellex Capital Management have agreed to buy Portland, Ore.-based defense and maritime services firm Vigor Industrial and combine it with Stellex-owned MHI Holdings for an undisclosed sum to form a combined ship repair and fabrications services company.

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Vigor Works to Build Army Maneuver Support Vessel Under $978M Contract

Vigor Works has won a potential 10-year, $979.8 million to help the U.S. Army build a waterborne craft platform for the service branch’s land maneuver forces. The Army Contracting Command received five bids for the Maneuver Support Vessel (Light)  procurement effort via the internet, the Defense Department said Thursday. A FedBizOpps solicitation notice …

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Vigor Marine Wins Navy Submarine Tender Overhaul, Dry Docking Contract

The U.S. Navy has awarded Vigor Marine a potential $28.3 million contract to perform a 120-day overhaul and dry docking of submarine tender USS Frank Cable. The service branch’s military sealift command is the contracting activity and received two offers for the firm-fixed-price contract through a competitive procurement, the Defense …

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Six Firms Awarded $550M Navy LCS Maintenance IDIQ Ceiling Increase

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Six companies have received a $550M increase to potential value of orders under a multiple-award contract to sustain U.S. Navy littoral combat ships docked at various locations within and outside the continental U.S. This contract action raises the ceiling for five ordering periods on MAC Tier 1 from $250M to $800M, the Department of Defense said Tuesday.

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Titan to Buy HII’s San Diego Shipyard; Andy Green Quoted

Titan Acquisition Holdings has agreed to acquire Huntington Ingalls Industries’ (NYSE: HII) San Diego shipyard for an undisclosed sum in a move to expand its ship repair capabilities to better meet the needs of the U.S. Navy, U.S. Army and other defense customers. The transaction will give HII a minority stake in Titan and is expected to close in the second quarter of 2020, subject to customary closing conditions.

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