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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


Dugan Elected Chair of ASA

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


Van Oord to Acquire Activities of Ballast Nedam Offshore

Svanen landscape

Van Oord has reached agreement on the acquisition of the activities of Ballast Nedam Offshore. The acquisition consists of the assets of Ballast Nedam Offshore, the dedicated EPCI staff (Engineering, Procurement, Contracting and Installation)


Ingalls Shipbuilding Union Inks Contract Extension

Ingalls employees leave the company gym on Singing River Island after placing their votes on a union contract extension

Huntington Ingalls Industries announced today that the Pascagoula Metal Trades Council (PMTC) and local chapters of the International Brotherhood of Electrical Workers (IBEW), United Federation of Special Police and Security Officers (UFSPSO) and Office and Professional Employees International


Amin Named VP, CIO at Newport News Shipbuilding

Bharat Amin (HII photo)

Newport News Shipbuilding appoints Bharat Amin to vice president and chief information officer   Bharat Amin has been appointed vice president and chief information officer for the Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division, the company announced.  


Report: Growth Anticipated in the OSV Market

Photo: Bourbon

New report covers market trends to 2019 for global offshore support vessel (anchor handling, towing and supply vessel, platform supply vessel, multipurpose service vessel, crew vessels, standby and rescue vessels, others)   The global offshore support vessel market is expected to grow owing


SMC to Provide Marine Coordination for Siemens

Photo courtesy of Siemens

Specialist Marine Consultants Ltd (SMC) have been working with Siemens, providing offshore marine coordination for a fifth Siemens Wind Power construction project. The Butendiek offshore wind farm in the North Sea began construction in early 2014, and is due for completion mid-2015


Freight Rate Peak Forecasted for 2016

Newport Shipping Group Chairman Harald Lone said, “Synchronized world economic growth is going to initiate higher demand for dry bulk carriers.”

The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the year is set for adjustment, with Newport Shipping Group predicting an improved tonnage balance over the next couple of years, resulting in a freight rate peak in the 2016/2017 period.


US Navy Aircraft Carrier Leaves Drydock

About 500 shipbuilders assisted with the undocking of the aircraft carrier USS Abraham Lincoln (CVN 72) on Monday. Lincoln was moved from a dry dock to an outfitting berth at Newport News Shipbuilding, where its refueling and complex overhaul will be completed. Photo by Ricky Thompson/HII

Newport News Shipbuilding completes drydock work for aircraft carrier USS Abraham Lincoln (CVN 72); refueling and complex overhaul With tugboats guiding it into the James River, the aircraft carrier USS Abraham Lincoln (CVN 72) was moved from one of Newport News Shipbuilding’s drydocks to


SBM Offshore Reaches Out-of-court Settlement

SBM-Logo1.jpg

  SBM Offshore today reached an out-of-court settlement ex Article 74 of the Dutch Criminal Code with the Dutch Public Prosecutor's Office (Openbaar Ministerie) over the inquiry into alleged improper payments.  Furthermore, the United States Department of Justice has informed SBM


SWISSCO Sets Up JV with Union Offshore

  The Board of Directors of Swissco Holdings Limited has entered into a joint venture with Union Offshore Ltd, a company incorporated in the Republic of the Marshall Islands. The joint venture has secured a charter contract with an approximate value of up to US$115 million to provide an


SBM Offshore Shares Jump as Bribery Case Settled

Photo: SBM Offshore

SBM Offshore NV has settled a bribery case with Dutch prosecutors for $240 million, including a $40,000 fine, sending shares in the Dutch oil platform leasing firm up more than 20 percent on Wednesday. The settlement, which was in line with provisions already taken


Bagley Named VP at Newport News Shipbuilding

Ray Bagley (Photo by Chris Oxley/HII)

Ray Bagley has been appointed by Huntington Ingalls Industries (HII) as the company’s new vice president of trades operations for its Newport News Shipbuilding division. Bagley, who will earn the distinction of "Master Shipbuilder" for 40 years of continuous service next week


NUWC Newport Holds Change of Command

Capt. Howard Goldman , right, reports that he has assumed command of Naval Undersea Warfare Center (NUWC) Division Newport to Rear Adm. Michael Jabaley, commander of NUWC (center), as the former commander of NUWC Newport, Capt. Todd Cramer,  looks on.

Capt. Howard Goldman relieved Capt. Todd Cramer as commander of the Naval Undersea Warfare Center (NUWC) Division Newport during a change of command ceremony on Friday, Nov. 14. A naval submariner originally from Baltimore, Md., Goldman is a 1987 graduate of Rice University in Houston, Texas


CEO Lone: China, India to Dominate Oil Trade

Harald Lone, Chairman and CEO of Newport Shipping Group

China and India will account for about 35% of global oil trade in the next 10 to 15 years, according to predictions by  Harald Lone, Chairman and CEO of Newport Shipping Group. Many traditional global shipbuilding patterns are in flux with the proliferation of oil and gas coming from the U.S


Steven Palazzo Visits HII, Newport

Steven Palazzo Visits Newport News Shipbuilding

  Huntington Ingalls Industries today hosted Rep. Steven Palazzo, R-Miss., for a tour of the company's Newport News Shipbuilding division. Palazzo represents the fourth district of Mississippi, which includes Newport News' sister shipyard, Ingalls Shipbuilding.


Newport News Lays Keel for Virginia-Class Sub

Newport News Shipbuilding employee and Washington state native Dustin Utecht welds Elisabeth Mabus’ initials onto a steel plate that will be permanently affixed to the submarine Washington (SSN 787). Photo by Chris Oxley/HII

Newport News Shipbuilding, a division of Huntington Ingalls Industries (HII), hosted a keel-laying ceremony Saturday for the future USS Washington (SSN 787), a Virginia-class submarine named for the Evergreen State.   The submarine’s sponsor is Elisabeth Mabus






 
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