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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


Ivory Coast Seeks Deepwater Oil Investors

(Source: Google Maps)

Ivory Coast will seek investors in its available offshore oil acreage, including seven new ultra-deep water blocks in the Gulf of Guinea, at a promotional event in Texas next week, a senior oil ministry official said on Tuesday. The West African nation will target companies including Exxon Mobil


Rolls-Royce Secures Island Offshore Contract

VARD shipyard in Brevik

Rolls-Royce has won a $11.3 million order to provide design, integrated power and propulsion systems and equipment for an offshore service vessel for Norwegian ship owner Island Offshore. The offshore service vessel will be built at VARD shipyard in Brevik


NUWC Newport Dedicates New Research Facility

Cutting the ribbon, from left, Dominic Galluci, P&S Construction; RI Congressman James Langevin; RI Governor Lincoln Chafee; Rear Adm. Michael Jabaley, commander, NUWC; Capt. Todd Cramer, commander, NUWC Division Newport; Mark Rodrigues, head NUWCs Platform and Payload Integration Department; Blair Decker, General Dynamics/Electric Boat; and RI Senator Jack Reed.

The Naval Undersea Warfare Center (NUWC) Division Newport dedicated a new $24.9 million Virginia Payload Tube Facility (VPTF) with a ribbon cutting today, Wednesday, October 15. The ceremony was followed by an opportunity for businesses with an interest in the technology to tour the facility and


Autonomous Technology for Offshore Wind Farm

ASV Ltds C-Worker

  ASV Ltd in association with Planet Ocean Ltd, have received funding from the GROW:OffshoreWind initiative to investigate how the use of Autonomous Surface Vehicles (ASVs) could reduce the costs of offshore wind farm support. The project will look at using ASVs to reduce the cost of


Today in U.S. Naval History: September 24

USS Enterprise (CVAN-65) is launched September 24, 1960 at Newport News Shipbuilding. (Photo courtesy of Huntington Ingalls Industries)

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


Investors Warm up to German Offshore Wind

German offshore plants attract new investment; offshore energy a key component in switch from nuclear. Start-up costs high, but returns are attractive. Germany's offshore wind parks, once seen as only for brave investors because of high costs and operational risks


Coast Guard Investigating Fatal Boating Collision

The U.S. Coast Guard is investigating a fatal collision between a towboat and a pleasure craft near Cincinnati, Thursday evening. Watchstanders at Coast Guard Sector Ohio River Valley received notification of the incident from the Bellvue-Dayton Fire Department


Today in U.S. Naval History: September 26

USS Ranger (CV-4). Official U.S. Navy Photograph, now in the collections of the National Archives.

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


Coast Guard Investigating Fatal Boating Collision

The Coast Guard is investigating a fatal collision between a towboat and a pleasure craft near Cincinnati, Thursday evening. Watchstanders at Coast Guard Sector Ohio River Valley received notification of the incident from the Bellvue-Dayton Fire Department


Optimarin Cements Offshore BWT Market Share

Tore Andersen

Ballast water treatment (BWT) specialist Optimarin says over 50% of its system orders now placed for PSVs, AHTS and associated, advanced service vessels.   According to CEO Tore Andersen, the last six months alone have seen 16 new agreements signed


EMAS Offshore Launches Singapore Listing

ecollogo.jpg

EMAS Offshore boosts profile amongst international investment community by providing Asian platform for growth;  Singapore public offer opens at 6.00 p.m. today and closes at 12.00  noon on 2 Oct 2014.   EMAS Offshore Limited (“EMAS Offshore”


Ingalls Shipbuilding Begins Fabrication for Aegis Destroyer

Paul and Nancy Ignatius (seated); also pictured (left to right): Lance Carnahan, Robert Velazquez, David Ignatius, Dr. Elisa Ignatius, Sarah Ignatius, George Nungesser, Capt. Mark Vandroff, Cmdr. Ben Wilder and Rear Adm. David J. Gale. (Photo by Lance Davis/HII)

Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division today marked the start of fabrication for the future Aegis-guided missile destroyer Paul Ignatius (DDG 117). Paul Ignatius, the ship's namesake, and his wife, Nancy Ignatius, the ship's sponsor


USS Enterprise Anchor Installed on USS Abraham Lincoln

A team of shipbuilders replaces USS Abraham Lincoln’s anchor with one removed from USS Enterprise. Lincoln is undergoing a refueling and complex overhaul at Newport News Shipbuilding at the same time Enterprise is being inactivated. Photo by Ricky Thompson/HII

Although the aircraft carrier USS Enterprise (CVN 65) is scheduled to be decommissioned in 2016, its legacy lives on, and so does one of its anchors. Huntington Ingalls Industries' (HII) Newport News Shipbuilding division recently installed one of Enterprise's anchors on younger carrier USS


Vard to Build OSV for Island Offshore

Global designer and shipbuilder of offshore and specialized vessels, Vard Holdings Limited, announced it has secured a new contract with Island Offshore for the construction of one offshore support vessel (OSV). The deal, valued at nearly NOK 300 million


RS at Offshore Marintec Russia

From October 7-10, 2014, Russian Maritime Register of Shipping (RS) will participate in Offshore Marintec Russia, the International Conference and Exhibition, a new project for the Russian market. The event is focused on offshore development and is dedicated to the specialists of oil and gas






 
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