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NEWPORT OFFSHORE

Newport News Shipbuilding Notified of Department of Defense Recommendation

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 Wins $6M Contract

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


Northrop Grumman Extends NNS Tender Offer

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.


Dear Bill ...

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 Awarded Contract for Sub Work

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 Appoints Reith as Controller for NN Sector

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


NNS Squabble Seen Settled In Washington

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 Announce Contract Modification

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


Newport News Receives $34.7M Sub Maintenance Contract

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


Northrop Grumman Appoint Gunter, Mulherin

Northrop Grumman Corporation announced the appointment of Robert L. Gunter and Matthew J. Mulherin as sector vice presidents, effective June 1. The company’s Newport News sector named Gunter, 48, sector vice president, operations and Mulherin, 45, sector vice president, programs. As vice president of operations, Gunter will be responsible for manufacturing, planning, resource management, sourcing, supply chain management, logistics and supplier quality, and facilities and


Newport International Boat Show To Offer Exciting Program

Boat Show

Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced today its '2014 At The Helm program' for this year’s Boat Show. The Newport International Boat Show will take place September 11-14, 2014 on the Newport Waterfront along America’s Cup


HMC Chooses Kongsberg Offshore Simulator

The K-Sim Offshore simulator will feature detailed models of three HMC deepwater construction vessels.

Heerema Marine Contractors (HMC) has selected Kongsberg Maritime’s K-Sim Offshore simulation platform to enhance crane operator training and the safe, efficient implementation of heavy lift operations. With the contract signed on May 21, 2014


Holton Tours Newport News’ Apprentice School

Apprentices Jason Marshall (left) and Matthew Stanley (center) greet Virginia Secretary of Education Anne Holton in the lobby of The Apprentice School before her tour led by the school’s director, Everett Jordan (right). Photo by Chris Oxley/HII

Huntington Ingalls Industries (HII) hosted Virginia Secretary of Education Anne Holton Wednesday for a tour of The Apprentice School at the company's Newport News Shipbuilding division. Danny Hunley, Newport News' vice president of operations, and Everett Jordan


DoD Awards Ingalls 'USS Ronald Reagan' Contract Modification

Carriers in San Diego yard: Photo USN

U.S. Department of Defense (DoD) informs that Huntington Ingalls Inc., Newport News, Virginia, is being awarded a US$13,759,894 modification to previously awarded cost-plus-award-fee, incentive-fee contract (N00024-13-C-4315) for USS Ronald Reagan (CVN 76) fiscal 2014 planned incremental


Rem Offshore Extends Veripos Positioning Contract

Photo courtesy Rem Offshore

Aberdeen-based Veripos, suppliers of high-precision GNSS positioning services for offshore applications, is to provide dedicated positioning support for a number of Platform Supply vessels (PSVs) operated by Rem Offshore, the specialist Norwegian company which maintains a global fleet of ships.


NNS Voluntary Builders Hand Over 12th Charitable Home

Dedication of 12th home: Image HII

Huntington Ingalls Industries inform that its Newport News Shipbuilding division joined elected officials and business and community leaders to dedicate the 12th home shipyard volunteers have constructed in partnership with Habitat for Humanity Peninsula and Greater Williamsburg.


HII to Present at Bernstein's Strategic Decisions Conference

File photo

 Huntington Ingalls Industries (HII) informs it will present at Sanford C. Bernstein's 30th annual Strategic Decisions Conference on Wednesday, May 28 in New York. The presentation by HII President and Chief Executive Officer Mike Petters and Corporate Vice President and Chief Financial


HII Hosts Defense UnderSec Frank Kendall

Undersecretary Frank Kendall Tours Ford: Photo HII

Huntington Ingalls Industries informs that it hosted Frank Kendall, undersecretary of defense for acquisition, technology and logistics, for a tour of the company's Newport News Shipbuilding division. Kendall visited the shipyard to learn more about cost-reduction efforts and to see the


Vard to Build OSV for Island Offshore

Image courtesy of Vard

Vard Holdings Limited, a global designer and shipbuilder of offshore and specialized vessels, has secured a contract with Island Offshore for the construction of one Rolls-Royce designed offshore support vessel (OSV). Vard reports the value of the contract exceeds NOK 1 billion.


HII to Webcast at Deutsche Bank Chicago Conference

Photo courtesy of HII

Huntington Ingalls Industries informs it will present at Deutsche Bank's fifth annual Global Industrials and Basic Materials Conference on Thursday, June 5, 2014 in Chicago. The presentation by HII President and Chief Executive Officer Mike Petters and Corporate Vice President and Chief


Creditors Approve Restructuring Of Batista's Oleo E Gas - Update

Creditors of Brazilian tycoon Eike Batista's Oleo e Gas Participacoes SA approved a restructuring plan for the oil company that could lead to a quick resolution of the largest bankruptcy in Latin America's history, lawyers said on Tuesday.


US Closer to Wave Energy off Oregon

Map of potential ocean wave energy resources (Image: National Renewable Energy Laboratory)

Milestone cleared for first marine hydrokinetic research lease offshore the west coast; step in efforts to explore new frontier of wave energy offshore Oregon As part of President Obama’s Climate Action Plan to create American jobs, cut carbon pollution and develop domestic energy sources


HII’s Petters Honored by Navy League

Mike Petters, president and chief executive officer of Huntington Ingalls Industries (Photo courtesy of HII)

Huntington Ingalls Industries (HII) announced today that Mike Petters, its president and CEO, was honored by the Navy League of the United States New York Council at a dinner last night in New York City. Petters was awarded the Rear Admiral John J


NNS Supports SCA Welding Education Program

Welder at work: File photo

Huntington Ingalls Industries informs that its Newport News Shipbuilding division has donated training materials to the Southern Carolina Regional Development Alliance (SCA) for a welding program in Allendale County, S.C. The SCA's Advanced Manufacturing Skills Training Program has already


'Ford' Anchor Aweigh at Newport News Shipbuilding

Anchor-handling test: Photo courtesy of HII

Huntington Ingalls Industries'  reports that its Newport News Shipbuilding division has successfully completed anchor testing on the aircraft carrier Gerald R. Ford (CVN 78), bringing the ship closer to its 2016 delivery to the U.S. Navy






 
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