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GD Electric Boat, HII, Oceaneering Win Navy Submarine Safety Support Contracts

A General Dynamics (NYSE: GD) subsidiary, Huntington Ingalls Industries (NYSE: HII) and Oceaneering International (NYSE: OII) have received five-year contracts to support safety and material work aboard the U.S. Navy’s submarines. The Defense Department said Wednesday the indefinite-delivery/indefinite-quantity contracts cover support for Virginia-class, Seawolf-class, Ohio-class and Los Angeles-class submarines. The contractors …

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HII Launches Latest Virginia-Class Navy Sub Ahead of Testing, Crew Certification

TYSONS CORNER, VA, December 19, 2018 — Huntington Ingalls Industries (NYSE: HII) has rolled out a Virginia-class nuclear-powered submarine that it built with General Dynamics‘ (NYSE: GD) Electric Boat business, two months after the vessel’s christening as USS Delaware, ExecutiveBiz reported Tuesday. HII said Monday its Newport News Shipbuilding division launched …

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Russell Marsh Named Leonardo DRS Naval Power Systems Business Lead

Russell Marsh, a 12-year veteran of the U.S. Navy, has been appointed vice president and general manager of Leonardo DRS’ naval power systems business. He will be based in Milwaukee, Wis., and will oversee the unit that offers power, control, heating and cooling systems, as well as oil and gas products, Leonardo DRS said …

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General Dynamics Subsidiary Gets $346M Virginia-Class Submarine Support Contract Extension

General Dynamics’ (NYSE: GD) Electric Boat subsidiary will continue to provide lead yard support and conduct development studies and design efforts for the U.S. Navy’s Virginia-class submarines through the end of fiscal year 2019 under a $346.5M contract modification. The modification covers maintenance, engineering, design improvement, systems integration, logistics and …

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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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GD Electric Boat, HII Newport News Hold Christening for 2 Navy Virginia-Class Subs

TYSONS CORNER, VA, October 22, 2018 — General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) each hosted the christening of two Virginia-class attack submarines slated for delivery to the U.S. Navy in 2019, ExecutiveBiz reported Friday. The Defense Department said Thursday the ceremony for the future USS Delaware was held at …

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General Dynamics Subsidiary Gets $107.5M Modification for Virginia-Class Submarine Payload Installation

A General Dynamics (NYSE: GD) subsidiary has received a $107.5M contract modification to install payload modules on Virginia-class submarines and produce insertion prototype materials for the USS South Dakota or SSN 790. General Dynamics Electric Boat will perform work under the sole-source modification through November 11, 2019, the U.S. Navy said …

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General Dynamics Secures $481M Contract Modification for Columbia-Class Submarine Construction

General Dynamics’ (NYSE: GD) Electric Boat business has received a $480.6M contract modification from the U.S. Navy to support the construction for the lead Columbia-class ballistic missile submarine in fiscal years 2019 and 2020. Electric Boat will also procure long-lead time materials needed for the production of the fleet under …

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HII’s Newport News Shipbuilding Division Delivers USS Indiana Submarine to Navy

TYSONS CORNER, VA, June 27, 2018 — Huntington Ingalls Industries‘ (NYSE: HII) Newport News Shipbuilding division has rolled out the latest Virginia-class, nuclear-powered fast-attack submarine to the U.S. Navy, ExecutiveBiz reported Tuesday. HII said Monday USS Indiana, which it built through a partnership with General Dynamics’ (NYSE: GD) Electronic Boat business and is the …

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General Dynamics Electric Boat Taps BAE to Produce Payload Tubes for Navy Virginia-Class Block V Subs

TYSONS CORNER, VA, June 7, 2018 — BAE Systems has received a contract from General Dynamics‘ (NYSE: GD) Electric Boat business to deliver eight payload tubes designed to support increased firepower on two U.S. Navy Block V Virginia-class submarines, ExecutiveBiz reported Wednesday. BAE said Tuesday it will deliver Virginia Payload Module tubes, which work …

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