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
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
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
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
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 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
Huntington Ingalls Industries has announced that its Newport News Shipbuilding (NNS) division has officially opened its new Apprentice School, located at 3101 Washington Ave. in downtown Newport News. Apprentices, faculty and staff were joined by Virginia Gov. Bob McDonnell, U.S. Reps
BMT Fleet Technology Ltd (BMT), a subsidiary of BMT Group Ltd, has announced its latest research project with the National Shipbuilding Research Program (NSRP) to evaluate recent advancements in Integrated Cold Electrode (ICE) welding technology. Jointly funded by industry and the U.S
Today in U.S. Naval History - November 25 1775 - Continental Congress authorizes privateering. 1943 - In Battle of Cape St. George, five destroyers of Destroyer Squadron 23 (Captain Arleigh Burke) intercept five Japanese destroyers and sink three and damage one without suffering any damage
With the strike of a bottle of sparkling wine across the bow by the ship's sponsor, the Navy christened its newest aircraft carrier Gerald R. Ford (CVN 78), the lead ship of the new Gerald R. Ford class, Nov. 9, in a ceremony at Huntington Ingalls Newport News Shipbuilding in Newport News, Va.
Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division inaugurate the christening of Gerald R. Ford (CVN 78), the first ship of the next-generation class of nuclear-powered aircraft carriers. The first-in-class ship features a new nuclear power plant, a redesigned island
Huntington Ingalls Industries (HII), a company that designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe, reported third quarter 2013 revenues of $1.64 billion, up 2
In the latest announcement of US Department of Defense, Navy, contracts, Huntington Ingalls Inc. and Northrop Grumman Systems Corp. are awarded diverse orders as follows: Nuclear submarine valves Huntington Ingalls Inc., Newport News, Va
General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, will christen North Dakota (SSN-784), the U.S. Navy’s newest and most advanced nuclear-attack submarine, at its shipyard here on Saturday, Nov. 2, at 11 a.m.
Huntington Ingalls Industries (HII) announced that the nuclear-powered aircraft carrier Gerald R. Ford (CVN 78) has put on significant weight in the dry dock at its Newport News Shipbuilding division with the installation of four 30-ton bronze propellers
Accompanied by tugs En Avant 20 and Sea Charly Conquest MB1 is outbound Flushing, the Netherlands, heading for London gateway, U.K. Conquest MB1 is under contract of charterer DEME Environmental Contractors (DEC) for a project at the London Gateway.
Today in U.S. Naval History - September 26 1781 - French fleet defeats British at Yorktown, Va. 1910 - First recorded reference to provision for aviation in Navy Department organization 1918 - USCGC Tampa lost with 118 men, probably by German submarine
The Marine Machinery Association will hold its 29th Annual Meeting in partnership with Newport News Shipbuilding at the Newport News Marriot, October 7-9, 2013. There Will Be A Reception for Speakers and MMA Members From 6-7:30 p.m. on Monday, October 7
US Department of Defense contracts issued include a US Army Corps of Engineers, New York District dredging contract, for Great Lakes Dredge and Dock. Secondly a Navy contract to Electric Boat Corp. for work related to Virginia-class submarines.
Today in U.S. Naval History - September 24 1918 - Ensign David S. Ingalls, USNR, in a Sopwith Camel, shoots down his fifth enemy aircraft, becoming the first U.S. Navy ace while flying with the British Royal Air Force. 1944 - 5th Fleet carrier aircraft attack Japanese in Visayas
The presentation by Huntington Ingalls Industries (HII) President & Chief Executive Officer Mike Petters and Chief Financial Officer Barbara Niland will begin at 10:15 a.m. EDT and will be webcast on www.huntingtoningalls.com on Tuesday, 17, September 2013 in Boston.