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Tag Archives: virginia-class submarine

McAleese & Associates: GAO Examines Navy’s Cost Estimate for Columbia-Class Submarine Program

Consulting firm McAleese & Associates has released a report on key takeaways from a Government Accountability Office study on the U.S. Navy’s cost estimate for the Columbia-class submarine acquisition program. Jim McAleese, founder and principal at McAleese & Associates, wrote in the report that GAO challenged the technological maturity of several …

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General Dynamics Subsidiary Gets $2B Contract Modification for Additional Virginia-Class Submarine Materials

General Dynamics’ (NYSE: GD) Electric Boat subsidiary has received a $2.04B contract modification to provide additional materials required to build the U.S. Navy’s Virginia-class submarines from fiscal 2019 through fiscal 2023. The modification falls under a previously awarded sole-source contract and includes additional long lead-time material and economic ordering quantity …

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General Dynamics Gets $191M in Navy Contract Actions for Submarine Post-Delivery Services

General Dynamics (NYSE: GD) Electric Boat business received three contract actions worth approximately $191.2M combined to provide post-delivery support services for the U.S. Navy’s USS South Dakota (SSN 790) Virginia-class nuclear submarine. The Department of Defense said Monday the company will provide planning, execution and alteration support for the submarine through a …

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McAleese & Associates: General Dynamics Projects 2019 CapEx to Rise to $1.2B Driven by Submarine Programs

A new report by consulting firm McAleese & Associates says General Dynamics (NYSE: GD) posted $36.2B in full-year 2018 sales, up 17 percent from the previous year. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report that the increase was primarily driven by $3.7B 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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Jason Ward, Dave Bolcar Appointed Submarine Construction VPs at HII Newport News Shipbuilding

Huntington Ingalls Industries’ (NYSE: HII) Newport News Shipbuilding division has promoted Jason Ward to vice president of Columbia-class submarine construction and named Dave Bolcar as VP for the Virginia-class submarine development program. Ward and Bolcar will directly report to Ken Mahler, VP of Navy programs at Newport News Shipbuilding, HII …

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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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HII Newport News Shipbuilding Completes SSN 789 Initial Sea Testing

TYSONS CORNER, VA, May 30, 2018 — Huntington Ingalls Industries’ (NYSE: HII) Newport News Shipbuilding division has concluded the initial sea trials of the Virginia-class USS Indiana submarine, ExecutiveBiz reported Tuesday. HII said Friday SSN 789 performed its first submergence and demonstrated high-speed maneuvers above surface and underwater during the alpha testing. …

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BWXT Awarded $492M Contract Options for Navy Nuclear Reactor Component Production

A BWX Technologies (NYSE: BWXT) subsidiary has received $492 million in contract options to produce components for the U.S. Navy‘s Naval Nuclear Propulsion Program. BWXT Nuclear Operations Group will primarily manufacture nuclear reactor systems for the Virginia-class attack submarines under the exercised options, the company said Monday. Work will occur at the company’s facilities in …

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Curtiss-Wright to Purchase Siemens’ Dresser-Rand Govt Business for $212M

Curtiss-Wright (NYSE: CW) has agreed to buy Siemens’ Dresser-Rand government business through a $212.5 million cash transaction. Curtiss-Wright said Tuesday it will operate Dresser-Rand as part of its power segment and expects to close the acquisition in April, subject to regulatory approval and other customary closing conditions. “The acquisition of Dresser-Rand’s …

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