Tag Archives: virginia-class submarine

The Senate on Tuesday proposed a $1.4T spending package that includes $696B in defense appropriations for fiscal year 2021, Defense News reports. Senators must reconcile the upper chamber's 12-bill package with the House, which passed in July a $694.6B defense spending bill for FY 2021 as part of a $1.3T package, and reach a deal before a continuing resolution expires on Dec. 11 to avoid a government shutdown.

Matt Needy, vice president of operations at Huntington Ingalls Industries’ (NYSE: HII) Newport News Shipbuilding division, will assume the role of VP of Navy programs at the division on March 1.

General Dynamics’ (NYSE: GD) Electric Boat subsidiary has received a potential $24.1B contract modification to build nine Block V Virginia-class submarines. Electric Boat will work with Huntington Ingalls Industries' (NYSE: HII) Newport News Shipbuilding division to build the submarines under the multiyear contract, which includes an option for one additional vessel with the Virginia Payload Module.

Kevin Graney, president of General Dynamics’ (NYSE: GD) NASSCO business since 2017, will become president of the Reston, Va.-based aerospace and defense contractor’s Electric Boat subsidiary starting Oct. 1.

A new McAleese & Associates report says Huntington Ingalls Industries (NYSE: HII) saw its sales rise 8 percent to $2.2B, primarily driven by a 7 percent revenue growth at HII’s Newport News Shipbuilding division and a 38 percent sales increase at technical solutions segment.

A new report by consulting firm McAleese & Associates says General Dynamics recorded $9.6B in sales during the second quarter of 2019, up 4 percent from the prior year period.

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 …

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 …

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 …

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 …