Tag Archives: Navy

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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Navy Eyes Next-Gen Frigate Design, Construction Contract Award in July

The U.S. Navy plans to award in July a contract to design and build its first next-generation frigate, Defense News reported Tuesday. The competitors for the FFG(X) program are Huntington Ingalls Industries (NYSE: HII); Austal USA; Fincantieri; and the team of General Dynamics’ (NYSE: GD) Bath Iron Works subsidiary and Navantia.

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