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Tag Archives: shipbuilding

McAleese & Associates: HII Optimistic on FY 2018-2019 Shipbuilding Funds in Bipartisan Budget Act

Consulting firm McAleese & Associates has issued a report saying Huntington Ingalls Industries (NYSE: HII) is “ecstatic” about the Bipartisan Budget Act’s shipbuilding funds for fiscal years 2018 and 2019. “[W]e are in a great spot because ships have been authorized and appropriated in the 2018-2019 window, which takes a lot …

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HII Newport News Forms Partnership on 3D Printing Use for Shipbuilding

TYSONS CORNER, VA, May 14, 2018 — A Huntington Ingalls Industries (NYSE: HII) division has entered into a partnership with 3D Systems to jointly develop additive manufacturing technologies that could potentially support naval shipbuilding operations, ExecutiveBiz reported Friday. HII said Thursday Newport News Shipbuilding will help deploy the 3D printing approach with the …

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Huntington Ingalls Shipyard Marks 75% Completion on JFK Carrier Construction

TYSONS CORNER, VA, May 7, 2018 — A Huntington Ingalls Industries (NYSE: HII) shipbuilding unit has installed the USS John F. Kennedy aircraft carrier main deck’s forward section, marking a 75-percent completion rate on the construction of the nuclear-powered vessel, ExecutiveBiz reported Tuesday. The company said April 30 its Newport News …

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HII Kicks Off Project to Restore Pascagoula East Bank Shipbuilding Facilities

TYSONS CORNER, VA, April 16, 2018 — Huntington Ingalls Industries (NYSE: HII) will reactivate its shipbuilding facilities on the Pascagoula River’s east bank in Mississippi in preparation for future naval ship construction and modernization programs, ExecutiveBiz reported Friday. HII said Thursday the two-year project, which will restore the original Ingalls …

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HII-KBR Joint Venture to Set Up Shipbuilding College for Australian Gov’t; Andy Green Comments

TYSONS CORNER, VA, April 5, 2018 — A joint venture of Huntington Ingalls Industries (NYSE: HII) and KBR business units will help establish and oversee a naval shipbuilding college in Australia in support of government efforts to bolster the country’s shipbuilding sector, ExecutiveBiz reported Tuesday. HII said Tuesday the Naval Shipbuilding Institute …

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Curtiss-Wright Wraps Up $212M Dresser-Rand Govt Business Acquisition

Curtiss-Wright (NYSE: CW) has closed its $212.5 million cash acquisition of the Dresser-Rand government business from Siemens in a move to expand aftermarket support for the U.S. Navy and footprint on the service branch’s nuclear ships. Dresser-Rand will mainly focus its sales efforts on the naval defense market and will now operate as part of …

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BAE, UK Gov’t Propose Ship Design Data Transfer for Australia’s Future Frigates

TYSONS CORNER, VA, Nov. 28, 2017 — BAE Systems and the U.K. government are planning to transfer $1.1 billion in intellectual property from the Type 26 Global Combat Ship program to support Australia’s SEA 5000 effort if the company secures the tender for the future frigates, ExecutiveBiz reported Monday. The company said Thursday the proposed …

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BAE Lands $4.8B UK Contract to Build Type 26 Warships; Charles Woodburn Comments

BAE Systems has received a potential $4.8 billion contract from the U.K. defense ministry to build the first three ships under the country’s Type 26 Global Combat Ship program. The company said Sunday the contract is expected to create at least 3,400 jobs across the U.K. and that it will …

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Raytheon to Support Navy Zumwalt-Class Destroyer Program Under Potential $490M Award

Raytheon (NYSE: RTN) has secured a potential four-year, $490.2 million contract from the U.S. Navy to provide ship activation and engineering services for the service branch’s Zumwalt-class destroyer program. The Defense Department said Monday that Raytheon’s integrated defense systems business will activate, integrate, produce and test mission systems and equipment of Zumwalt-class ships. …

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February 24 Market Close: GovCon Index Up, Records 4th Straight Weekly Gain

Executive Mosaic’s GovCon Index closed higher Friday to end its fourth straight weekly gain as investors eyed defense stocks after President Donald Trump repeated his election campaign pledge to build up the military during a speech in Washington. U.S. equities also posted narrow gains and the benchmark S&P 500 composite index ended the …

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