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Tag Archives: Columbia-class submarine

McAleese & Associates: General Dynamics Projects 2019 CapEx to Rise to $1.2B Driven by Submarine Programs

A new report by consulting firm McAleese & Associates says General Dynamics (NYSE: GD) posted $36.2B in full-year 2018 sales, up 17 percent from the previous year. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report that the increase was primarily driven by $3.7B in …

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Lockheed Secures $167M Contract to Develop US, UK Ballistic Missile Navigation Subsystem

Lockheed Martin (NYSE: LMT) has received a potential $167.1M contract from the U.S. Navy to provide a submarine-launched ballistic missile system’s navigation technology. The company’s rotary and mission systems business will deliver the Trident II D5 Strategic Weapon System component for submarines of the Navy’s Columbia class and the U.K.’s Dreadnought class, the Department of Defense said Wednesday. …

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Report: General Dynamics Posts 13% Increase in Q3 Mission Systems Segment Revenue

McAleese & Associates has provided an overview of General Dynamics’ (NYSE: GD) financial results in the third quarter of 2018. The Falls Church, Va.-based defense contractor’s mission systems sector reported a 13 percent increase in Q3 sales with an operating margin of 14.6 percent, reflecting an 18 percent growth in …

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Jason Ward, Dave Bolcar Appointed Submarine Construction VPs at HII Newport News Shipbuilding

Huntington Ingalls Industries’ (NYSE: HII) Newport News Shipbuilding division has promoted Jason Ward to vice president of Columbia-class submarine construction and named Dave Bolcar as VP for the Virginia-class submarine development program. Ward and Bolcar will directly report to Ken Mahler, VP of Navy programs at Newport News Shipbuilding, HII …

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General Dynamics Receives $126M Contract Modification for Navy Submarine Missile Tube Components

General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has received a five-year, $126.2 million contract modification from the U.S. Navy to obtain long-lead-time materials for the missile tube of Columbia-class ballistic missile submarines. This submarine missile tube is part of the joint U.S./U.K Common Missile Compartment program, the Defense Department said Monday. Seventy-two …

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Curtiss-Wright to Purchase Siemens’ Dresser-Rand Govt Business for $212M

Curtiss-Wright (NYSE: CW) has agreed to buy Siemens’ Dresser-Rand government business through a $212.5 million cash transaction. Curtiss-Wright said Tuesday it will operate Dresser-Rand as part of its power segment and expects to close the acquisition in April, subject to regulatory approval and other customary closing conditions. “The acquisition of Dresser-Rand’s …

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Huntington Ingalls Shipyard Adds New Fixture for Submarine Construction

TYSONS CORNER, VA, Feb. 7, 2018 — A Huntington Ingalls Industries (NYSE: HII) shipbuilding division has completed the installation of a caisson fixture at the Joint Manufacturing Assembly Facility in Virginia to support the construction of submarines, ExecutiveBiz reported Tuesday. The company said Jan. 31 the 80-feet-high, 400-metric-ton structure will be used …

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General Dynamics, Huntington Ingalls Business Units Team on Navy Sub Development Work

TYSONS CORNER, VA, Dec. 21, 2017 — General Dynamics (NYSE: GD) has tapped Huntington Ingalls Industries (NYSE: HII) to provide integrated product and process development support for the U.S. Navy‘s Columbia-class submarines under a potential $468 million subcontract, ExecutiveBiz reported Wednesday. HII said Tuesday its Newport News Shipbuilding division received the …

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Lockheed Awarded $154M US, UK Trident II System Shipboard Integration Contract

Lockheed Martin (NYSE:LMT) has received a three-year, $154.4 million U.S, Navy  contract to to support Increment 8 of the Trident II Strategic Weapon System Shipboard Integration effort for two classes of future U.S. and U.K. ballistic missile submarines. The Defense Department said Wednesday Lockheed’s rotary and mission systems business will design, test and install navigation …

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Dave Bolcar, Bill Smith Promoted to VP Ranks at HII Newport News Shipbuilding

Huntington Ingalls Industries (NYSE: HII) has promoted two executives to vice president roles at its Newport News Shipbuilding division as part of the company’s business transformation efforts in support of the U.S. Navy. Dave Bolcar, formerly director of the Columbia-class submarine program at the division, will serve as VP of submarine construction …

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