Latest News Mentioning U.S. Department of the Navy

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General Dynamics' (NYSE: GD) NASSCO subsidiary will continue working on the maintenance, modernization and repair of USS Chung-Hoon (DDG 93) and USS James E. Williams (DDG 95) under a $438.5 million contract modification from the U.S. Navy. The award is for the Arleigh Burke-class destroyers' fiscal 2024 Depot Maintenance Period availabili...

Lockheed Martin's (NYSE: LMT) rotary and mission systems business has secured a potential four-year, $462.4 million contract to operate and maintain development and test sites for the U.S. Navy's Aegis combat system. Naval Sea Systems Command awarded the contract on a sole-source basis and expects work to conclude by January 2028....

Lockheed Martin (NYSE: LMT) has received a potential five-year, $1.15 billion contract modification from the U.S. Navy to help military customers activate F-35 sites and meet hardware requirements. The modification also covers planning and readiness reviews, contract management and production engineering support services for training device producti...

 HII (NYSE: HII) has received a $66.7 million cost-plus-incentive-fee contract modification from the U.S. Navy for the DDG 1000 Modernization Period execution. The Department of Defense said the award could reach its cumulative value of $70.8 million if its included options were exercised. The majority or 95 percent of contract work will be con...

A unit within General Dynamics’ (NYSE: GD) mission systems business has secured a potential five-year, $108.9 million contract from the U.S. Navy to provide information assurance and reliability monitoring system software builds for the service branch’s submarines. The cost-plus-fixed-fee contract awarded to Progeny Systems has a one-year base p...

A Bechtel subsidiary has secured a $772.3 million contract to provide the U.S. Navy with nuclear power plant components installed in aircraft carriers and submarines. Bechtel Plant Machinery Inc. will perform contract work in Monroeville, Pennsylvania, and Schenectady, New York, through September 2033, the Department of Defense said Friday. Naval Se...

The U.S. Navy has awarded Bechtel Plant Machinery Inc. a pair of cost-plus-fixed-fee contracts worth $889 million in total for naval nuclear propulsion components. The first contract is worth $706 million while the second is valued at $183 million, with both having an expected completion date of September 2033, the Department of Defense said Thursda...