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Tag Archives: virginia-class submarine

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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Huntington Ingalls Shipyard Adds New Fixture for Submarine Construction

TYSONS CORNER, VA, Feb. 7, 2018 — A Huntington Ingalls Industries (NYSE: HII) shipbuilding division has completed the installation of a caisson fixture at the Joint Manufacturing Assembly Facility in Virginia to support the construction of submarines, ExecutiveBiz reported Tuesday. The company said Jan. 31 the 80-feet-high, 400-metric-ton structure will be used …

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Huntington Ingalls Names Matt Needy Newport News Shipbuilding Operations VP

Matt Needy, formerly vice president of the Virginia-class submarine program and fleet services at Huntington Ingalls Industries‘ (NYSE: HII) Newport News Shipbuilding division, has been appointed VP of operations at the same division. HII said Wednesday Needy will report to Newport News Shipbuilding President Jennifer Boykin and oversee trade, manufacturing, material …

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Dave Bolcar, Bill Smith Promoted to VP Ranks at HII Newport News Shipbuilding

Huntington Ingalls Industries (NYSE: HII) has promoted two executives to vice president roles at its Newport News Shipbuilding division as part of the company’s business transformation efforts in support of the U.S. Navy. Dave Bolcar, formerly director of the Columbia-class submarine program at the division, will serve as VP of submarine construction …

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