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Tag Archives: ship repair

Carlyle Group, Stellex Close Purchase of Vigor, MHI; Jim Marcotuli Named CEO of Combined Firm

The Carlyle Group (Nasdaq: CG) and Stellex Capital Management completed the acquisition and merger of Vigor Industrial and MHI Holdings three months after they announced the transaction in an effort to form a combined ship repair and fabrications services company.

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McAleese & Associates: BAE’s US Electronic Systems Business Posted 11% Sales Growth in First Half of 2019

A report by consulting firm McAleese & Associates says BAE Systems’ U.S. electronic systems sector saw its sales climb 11 percent to $2.8B during the first half of 2019 with a 14.8 percent operating margin and sector profit of $409M.

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General Dynamics Lands Navy Contract for Repairs on USS Oak Hill

TYSONS CORNER, VA, July 25, 2016 — General Dynamics‘ (NYSE: GD) NASSCO subsidiary will repair and modify the U.S. Navy‘s USS Oak Hill dock landing ship under a $42 million contract modification, ExecutiveBiz reported Friday. The company said Thursday the contract covers engine replacement, habitability upgrades, ballast tank preservation and repairs of close-in …

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Joseph Campbell Joins BAE’s US Arm as Ship Repair Operations VP, GM

Joseph Campbell, formerly a group vice president and director at American Systems, has been named vice president and general manager for the ship repair division at BAE Systems‘ U.S. subsidiary. He succeeds retiring Bill Clifford and will manage the organization’s strategy, financial performance and operations functions in his new positions, …

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BAE Adding Marine Hydraulics Intl to Ship Repair Division; Bill Clifford Comments

BAE Systems‘ U.S. subsidiary has agreed to acquire the Norfolk, Va.-based ship repair firm Marine Hydraulics International from American Maritime Holdings, BAE announced Thursday. Terms of the deal were not disclosed and BAE expects to close the transaction during the first quarter of 2013, pending regulatory approval. BAE said it …

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General Dynamics Acquiring Earl Industries Ship Repair Division; Fred Harris Comments

General Dynamics (NYSE: GD) has agreed to acquire the ship repair and coatings division of Earl Industries for an undisclosed amount, General Dynamics announced Friday. General Dynamics expects the acquisition to increase its earnings per share in 2013 and to close this summer. The division will become part of General …

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