Gulf Island Shipyards Land $129M Navy Contract Options for Towing, Salvage & Rescue Shipbuilding

Gulf Island Shipyards has been awarded $128.5M in contract options to build two towing, salvage and rescue ships for the U.S. Navy.

Naval Sea Systems Command will use fiscal 2016, 2018 and 2019 shipbuilding funds to cover the full obligated amount for the shipbuilding projects, the Department of Defense said Tuesday.

The company aims to complete the vessels by November 2021.

The Navy is procuring up to eight TSR boats under a $523M contract awarded in March of last year.

Sponsor

Stay ahead in GovCon

Join thousands of government contractors who rely on GovCon Wire for the latest updates in federal spending, bid opportunities, and compliance changes.

Whether you’re new to the space or scaling up, our brief keeps you informed and ready to act.

I'm Interested In:

GovConWire Daily Briefings

Email Address *

First Name *

Last Name

Position

Company

Air Force Issues Presolicitation for Potential $320M SABER Construction Contract

The U.S. Air Force plans to seek proposals for the potential $320 million Simplified Acquisition of Base Engineering Requirements multiple-award…

Homeland Security Secretary Kristi Noem. Noem comments about the US Coast Guard's contract award to Bollinger Shipyard

Bollinger Shipyards to Build Arctic Security Cutters Under $2.1B Coast Guard Contract

Bollinger Shipyards has secured a firm-fixed-price contract valued at $2.14 billion from the U.S. Coast Guard for the production of…

Navy Moving to Raise Financial Improvement Program Contract Ceiling to $1.8B

The Department of the Navy is preparing to increase the ceiling of its Financial Improvement Program IV multiple-award contract by…

Boeing Secures $8.57B Air Force Contract Action to Deliver F-15IA Jets to Israel

The U.S. Air Force has awarded Boeing an undefinitized contract action valued at $8.57 billion for the design, integration, instrumentation, test,…

Raytheon Awarded Potential $885M Navy Contract for ESSM, NATO SeaSparrow Engineering Support

Raytheon, an RTX business, has received a $104.1 million cost-plus-fixed-fee contract to provide technical and design agent engineering for the…

Mergers and acquisitions. ServiceNow agreed to buy Armis to advance AI-based proactive cybersecurity.

ServiceNow to Acquire Armis for $7.75B

Artificial intelligence platform developer ServiceNow has agreed to acquire Armis for $7.75 billion in cash to expand its security workflow…

Government contracting. DOGE said federal agencies canceled 55 excessive contracts with a ceiling value of $863 million.

Agencies Cancel 55 Contracts Worth $863M in Cost-Cutting Effort

The Department of Government Efficiency announced that federal agencies have canceled 55 contracts with a total ceiling value of $863…

Tory Bruno. The former ULA CEO joins Blue Origin as president of national security.

Blue Origin Taps Former ULA CEO Tory Bruno to Lead National Security Push

Blue Origin has appointed Tory Bruno as president of national security, tasking the longtime launch industry executive with leading a…

Balaji Yelamanchili. Dataminr named the former ThreatConnect CEO as president and COO.

Dataminr Names Balaji Yelamanchili as President, COO Following ThreatConnect Acquisition

Dataminr has appointed Balaji Yelamanchili as president and chief operating officer as the company integrates ThreatConnect and scales its real-time,…

Partnership. Groq and NVIDIA signed a non-exclusive licensing agreement, allowing the latter to access Groq’s inference tech.

Groq Licenses AI Inference Tech to NVIDIA in Non-Exclusive Deal

Artificial intelligence technology company Groq has signed a non-exclusive licensing agreement with NVIDIA, allowing the latter to access Groq’s inference…