Newport News Shipbuilding was notified by the Department of Defense (DOD) of its decision to recommend to the Department of Justice (DOJ) approval of the Northrop Grumman offer to acquire Newport News Shipbuilding and its decision to recommend not approving the merger agreement between Newport News Shipbuilding and General Dynamics. Newport News Shipbuilding was also notified that the DOJ has commenced legal proceedings to prevent the proposed merger between NNS and GD. Newport News Shipbuilding began discussions with Northrop Grumman three weeks ago to determine whether a mutually acceptable transaction between the two companies can be negotiated. Any agreement reached between Newport News Shipbuilding and Northrop Grumman would require the approval of the Newport News Shipbuilding Board of Directors.
Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced today the results of this year’s Newport For New ProductsTM (NFNP) Awards. Judged on Thursday during the opening day of the Newport International Boat Show and announced at an awards ceremony on Friday, the tenth-annual NFNP winners are: Best New Navigation Product - Dockwa Marine Reservation App Best New Boating Operation
Northrop Grumman Newport News, Newport News, Va., is being awarded a $6m cost-plus-fixed-fee modification under previously awarded contract to exercise an option for FY 08 advance Extended Drydocking Selected Restricted Availability (EDSRA) planning for USS Enterprise (CVN 65). Work will be performed in Newport News, Va., and is expected to be completed by February 2008. Contract funds will expire at the end of the current fiscal year
Following is the full text of the letter submitted to William P. Fricks, Chairman and CEO of Newport News Shipbuilding, from Kent Kresa Chairman, President and CEO, Northrop Grumman Corporation, regarding the proposed takeover of Newport News Shipbuilding. Mr. William P. Fricks Chairman and Chief Executive Officer Newport News Shipbuilding Inc. 4101 Washington Avenue Newport News, VA23607-2770 Dear Bill,
A project has been established to identify energy efficiency and fuel saving initiatives for the offshore shipping industry. The partnership involves a collaboration of seven Norwegian offshore shipping companies. The Joint Industry Project is called Energy Efficient Offshore Partners, and consists of: BOA Offshore, Eidesvik Offshore, Farstad Shipping, Gulf Offshore Norge, Havila Shipping, Siem Offshore and Solstad Offshore
Northrop Grumman Corporation announced that it received a contract award for dry docking work on the nuclear-powered submarine USS Minneapolis-St. Paul (SSN 708). The work will be performed at the Newport News sector in Newport News, Va. The contract, valued at approximately $23 million, will include replacement of the tail shaft, removal and overhaul of the main and auxiliary sea valves, inspection and repair of all external and
U.S. defense contractor Northrop Grumman Corp. on Thursday said it has extended its tender offer for the outstanding shares of Newport News Shipbuilding, after the Justice Department requested additional information about the takeover. Los Angeles-based Northrop said it extended its tender offer for Newport News, to July 5 at midnight EDT from the previous June 20 deadline. About 861,000 shares of Newport News common stock had been tendered as of midnight June 20, Northrop said.
Northrop Grumman Corporation’s Newport News sector has appointed David Reith to the position of controller. In this role, Reith has responsibility for internal systems and process controls for Newport News' accounting and operations finance functions. Reith will report to Linda Leukhardt, vice president of Business Management and chief financial officer for the Newport News sector. "Dave's considerable business and financial management experience will be a significant asset to the Newport
Marine Travelift Inc. announced that Newport Shipyard has purchased a customized 200CII mobile boat hoist for its Newport, R.I. facility. When it’s delivered this fall, the machine will join the 70-, 100- and 500-ton Marine Travelift hoists currently in operation. The new 200CII boasts the first top-beam extension on a Marine Travelift 200-ton hoist and has been designed to use piers that were dedicated to a 100-ton machine and to travel into an indoor workspace.
With General Dynamics Corp. and Northrop Grumman Corp. battling for Newport News Shipbuilding Inc. both the Pentagon and Virginia's powerful delegation in Congress are ready to step into the fray over who buys the nuclear-capable contractor. Defense Department officials are likely to weigh the cost benefits of each deal, questioning which combination would lower the price of nuclear-powered vessels for the U.S. Navy.
RigNet and MODEC Sign Agreement to Deliver Fiber-equivalent O3b Satellite Connectivity to Offshore Brazilian FPSO Fleet O3b Networks, technology solutions company RigNet and floating production service provider MODEC, entered an agreement to provide high-throughput
Mary Cullen has been appointed vice president of nuclear propulsion at Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division. Cullen will assume her new role on November 14 following a transition into the job with the help of Barry Fletcher
Clyde Training Solutions (CTS) opened central Scotland’s first dedicated marine and offshore international training centre. CTS – a newly established Clyde Group company - is now offering an extensive range of onsite accredited maritime safety courses to an international
Two years on from the launch of the Ulstein Group’s X-STERN design at the ONS 2014 maritime exhibition in Stavanger, the first vessel to feature the innovative hull line has entered service at the Gemini offshore wind farm. The newly built Windea La Cour incorporates the X-STERN: a
Marine News contributor Robert Kunkel asks: Are we ready to support the farms? On August 19, 2016, we watched as the fifth tower and associated nacelle was raised on the Deepwater Offshore Wind Farm approximately 3 miles offshore of Block Island, Rhode Island
Two high-level indicators of vessel and structure demand in the offshore sector are energy prices and oil company exploration & production (E&P) spending, says Clarksons Research. A third, slightly more specific indicator is estimated offshore project capital expenditure
Transmission Capital Services (TCS) has chartered one of CWind’s crew transfer vessels (CTV) on a five-year contract to support works at several of their offshore substations in the U.K. CWind, a provider of services to the offshore wind industry
Newport Exhibition Group, owners and producers of the Newport International Boat Show,announced today the results of this year’s Edson Awards for Excellence in Portraying Company Image. Presented by Will Keene, chairman of Edson International
ClassNK, Japan’s an international certification and classification society, will host a round table discussion about floating wind technologies on the sidelines of Wind Energy Hamburg (WEH) on September 26. “ClassNK is one of the leading classification societies
The U.S. Navy’s newest and most technologically advanced surface ship, future USS Zumwalt (DDG 1000), pulled into Naval Station Norfolk Wednesday for another port visit as part of its three-month journey to its new homeport in San Diego.
Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division placed a 900-ton superlift into dry dock, continuing construction of the nuclear-powered aircraft carrier John F. Kennedy (CVN 79). As Kennedy begins to take shape in the dry dock
Over forty-five leading companies in the shipping and offshore maritime sector are among those who have contributed to the funding for the first ever exhibition in the Netherlands dedicated to the offshore sector, to be housed at The Maritime Museum Rotterdam for the next seven years
The General Dynamics Bluefin-21 autonomous underwater vehicle (AUV) successfully launched multiple Bluefin SandShark micro-autonomous underwater vehicles (M-AUV) Underwater vehicle (M-AUV as part of several capability demonstrations at the U.S
A new collaborative strategic plan has been published today which aims to continue accelerating the development of offshore wind energy in the United States. Announced by U.S. Secretary of Energy Ernest Moniz and U.S. Secretary of the Interior Sally Jewell, the plan
SBM Offshore stated that FPSO Turritella is formally on hire as of September 2, 2016 after achieving Commencement of Commercial Production (CoCP). The CoCP certificate was issued on September 8, 2016. The vessel is installed in Shell's Stones development located in 2,896 meters (9