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.
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
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.
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,
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
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
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.
Northrop Grumman Newport News Shipbuilding and Drydock Co., Newport News, Va., is being awarded a $34,627,909 cost-plus-fixed-fee modification to a previously awarded contract (N00024-00-C-2108) for continued research and design development for the future aircraft carrier program, CVNX. Newport News Shipbuilding will provide all services and material for research studies, design efforts, production planning, further definition of initiatives in order to reduce CVNX-1
Northrop Grumman Newport News Corporation, Newport News, Va., is being awarded a $34,734,341 fixed-price incentive delivery order under previously awarded indefinite-delivery/indefinite-quantity contract (N00024-04-D-4409) for the Depot Maintenance Period of USS Toledo (SSN 769). Northrop Grumman Newport News will perform advanced planning, design, documentation, engineering, procurement, fabrication and preliminary shipyard
The American Shipbuilding Association (ASA) announced that Mr. John F. “Dugan” Shipway, President of Bath Iron Works, Bath, ME, has been elected Chairman of the Board of ASA for calendar years 2009 and 2010. Mr. Matthew J. Mulherin, Sector Vice President and General Manager of Newport News Shipbuilding, Newport News, VA, has been elected as the Association’s Vice Chairman. Dugan Shipway joined Electric Boat in July of 2000 as a Special Assistant to the President and was
The Woods Hole Oceanographic Institution (WHOI) has appointed Christopher Land to be its General Counsel and Vice President for Legal Affairs. Land assumes his post on March 3. As general counsel, Land will provide advice, opinions and representation on all areas of law affecting the
Huntington Ingalls Industries hosted commencement exercises for the company's Apprentice School at Newport News Shipbuilding. The graduation, held at the Liberty Baptist Church Worship Center in Hampton, celebrated 137 apprentices representing 18 trades and four advanced programs.
Huntington Ingalls Industries informs that its Newport News Shipbuilding division has received a US$1.295 billion extension to a previously awarded construction preparation contract for the aircraft carrier 'John F. Kennedy' (CVN 79). The contract extension enables Newport News to complete an
Today in U.S. Naval History - March 5 1942 - Name "Seabees" and insignia officially authorized 1943 - USS Bogue begins first anti-submarine operations by escort carrier. 1960 - USS Newport News (CA-148) and personnel from Port Lyautey complete emergency relief operatons at Agadir
Huntington Ingalls Industries says that Dru Branche, health and safety director for the company’s Newport News Shipbuilding (NNS) division, has been recognized as a recipient of an Inside Business 2013 Women in Business Achievement Award
Huntington Ingalls Industries (HII) announced that its Newport News Shipbuilding (NNS) division lent support to the community by participating in three area charitable events. Shipbuilders donated nearly 20,000 school supplies to benefit an estimated 1,000 area students
In 1912, following several financially difficult years for the New York Nautical School, America’s first Maritime Academy, founded 1874, the New York City Board of Education, the school's steward since its inception, had had enough and decided to throw in the towel
U.S. Coast Guard air and boatcrews assisted three men after a 55-foot commercial fishing vessel allided with a jetty near Newport, Ore., Monday evening. The crew of the fishing vessel Eclipse contacted the Coast Guard via VHF-FM radio at 8:15 p.m
Huntington Ingalls Industries (NYSE:HII) announce that its Newport News Shipbuilding (NNS) division has opened a field office in Aiken, S.C., as part of its continuing efforts to expand the company's business in the Department of Energy and commercial energy markets.
BAE Systems today launched the first of four platform supply vessels it’s building for Jackson Offshore Operators, LLC. These vessels, which will support drilling operations in the Gulf of Mexico, reflect BAE Systems’ continued growth in U.S
During the PVA Annual Convention at MariTrends 2014, held January 18-21 in Houston, members of the Passenger Vessel Association (PVA) elected Terri Bernstein, BB Riverboats Newport, Ky., as PVA President for 2014. Also elected to terms as PVA Officers for 2014 were: PVA Vice President:
Today in U.S. Naval History: February 4 1779 - John Paul Jones takes command of Bonhomme Richard 1959 - Keel laying of USS Enterprise, first nuclear powered aircraft carrier, Newport News, Va. For more information about naval history
Teekay Offshore Partners say they have agreed to acquire ALP Maritime Services B.V. (ALP), a Netherlands-based provider of long-haul ocean towage and offshore installation services to the global offshore oil and gas industry. Details as follows:
Huntington Ingalls Industries informs it will host commencement exercises for The Apprentice School's graduating class of 2013. Danny Hunley, Newport News Shipbuilding's vice president of operations and Apprentice School graduate, will provide the keynote address on Saturday, 29, February 2014.
The Executive Control Board of the National Shipbuilding Research Program (NSRP) has selected four major research and development projects for award, as part of the program's continuing mission to reduce costs associated with U. S. shipbuilding and ship repair