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Tag: shipbuilding

Diving Into 3 Key Navy Modernization StrategiesDOD

Diving Into 3 Key Navy Modernization Strategies

Modernization is a top priority for the Department of Defense, and many department-wide modernization initiatives are currently underway. Though these
HII, General Dynamics Secure Navy Multiyear Procurement Contracts for Arleigh Burke-Class DestroyersContract Awards

HII, General Dynamics Secure Navy Multiyear Procurement Contracts for Arleigh Burke-Class Destroyers

HII’s (NYSE: HII) Ingalls Shipbuilding division and General Dynamics’ (NYSE: GD) Bath Iron Works subsidiary have received multiyear procurement contracts
GovCon Expert McAleese Analyzes Defense Sector Q1 2023 Financial ResultsIndustry News

GovCon Expert McAleese Analyzes Defense Sector Q1 2023 Financial Results

A new McAleese & Associates report estimates most defense prime contractors recorded a 3 percent growth in sales during the
General Dynamics NASSCO Books $736M Navy Contract Option to Build Additional Fleet OilerContract Awards

General Dynamics NASSCO Books $736M Navy Contract Option to Build Additional Fleet Oiler

General Dynamics‘ (NYSE: GD) NASSCO subsidiary will build an additional fleet replenishment oiler for the U.S. Navy’s John Lewis class
Fincantieri Subsidiary Awarded $526M Contract Option for 4th Navy Constellation-Class FrigateContract Awards

Fincantieri Subsidiary Awarded $526M Contract Option for 4th Navy Constellation-Class Frigate

Fincantieri’s U.S. arm has secured a potential $526 million contract modification from the U.S. Navy to construct the fourth Constellation-class
BAE Awarded $4.9B Contract to Build 5 More Frigates for UK NavyContract Awards

BAE Awarded $4.9B Contract to Build 5 More Frigates for UK Navy

British Prime Minister Rishi Sunak said the U.K. government awarded BAE Systems a $4.9 billion contract to construct five more
HII Reports 12% Q3 Revenue Hike; CEO Chris Kastner on Company’s Military Shipbuilding WorkFinancial Reports

HII Reports 12% Q3 Revenue Hike; CEO Chris Kastner on Company’s Military Shipbuilding Work

HII (NYSE: HII) reported net earnings of $138 million, or $3.44 per diluted share, for the third quarter of its
David Clark to Rejoin General Dynamics’ Bath Iron Works Subsidiary as Operations VPExecutive Moves

David Clark to Rejoin General Dynamics’ Bath Iron Works Subsidiary as Operations VP

David Clark, who previously served as vice president of operations at General Dynamics‘ (NYSE: GD) Bath Iron Works subsidiary, before
Austal USA to Build 2 More Towing Ships Under $156M Navy ContractContract Awards

Austal USA to Build 2 More Towing Ships Under $156M Navy Contract

Austal‘s shipbuilding business in Mobile, Alabama, has secured a four-year, $156.1 million contract modification to build two additional towing, salvage
Navy Awards $600M in Ship Material Procurement Funds to General Dynamics NASSCOContract Awards

Navy Awards $600M in Ship Material Procurement Funds to General Dynamics NASSCO

A General Dynamics (NYSE: GD) subsidiary has received $600 million in two contract modification awards from the U.S. Navy for