Advance Procurement

Ingalls Awarded USN Contract for 11th LPD 27

Ingalls to provide long-lead materials for US Navy LPD 27 The US Navy has awarded a million cost-plus-fixed-fee advance procurement modification contract to Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division to provide long-lead materials for the 11th San Antonio-class (LPD 17) amphibious transport dock, LPD 27. The advance procurement contract for LPD 27 is the fourth to be awarded to the company, with the first contract awarded in October 2010. Under the latest $70m contract, Ingalls will provide long-lead-time materials including main engines and diesel generators and other equipment such as electrical switchboards, deck equipment and fire extinguishing systems in support of the new ship. The 684ft-long, 105ft-wide San Diego-class has a displacement capacity of 24,900t, can accommodate 800 troops and is designed to provide combat support for the US Navy and US Marine Corps.

Ingalls Shipbuilding Wins $70m Navy Deal

Huntington Ingalls Industries (NYSE:HII) said its Ingalls Shipbuilding division has received a $70m cost-plus-fixed-fee advance procurement contract modification from the U.S. Navy to provide long-lead materials for LPD 27, the 11th amphibious transport dock of the USS San Antonio (LPD 17) class. The funds awarded to Ingalls will be used to purchase long-lead-time materials and major equipment in support of the new ship

Northrop Grumman Awarded $93.8M Contract Modification

The U.S. Navy exercised a $93.8 million contract modification option to Northrop Grumman Corporation for detail design and the procurement of long-lead-time material on the LHA 6 amphibious assault ship program. This is the first option exercised on the initial contract, awarded in July 2005. With this option, the total contract value has increased to $203.7 million. If all options are exercised, the contract has the potential to reach $264 million.

Electric Boat Gets Sub Funds

Electric Boat Corp., Groton, Conn., is being awarded a $1,503,050,893 modification to its FY04-FY08 Virginia class multi-year contract, which provides funding for FY05 multi-year ship (SSN 780), Advance Procurement (AP) funding for FY06 multi-year ship (SSN 781), and Economic Order Quantity funding for FY06-08 multi-year ships (SSN 781-783). Electric Boat will continue to subcontract with Northrop Grumman's Newport News Shipbuilding. Work will be performed in Groton,

Ingalls Shipbuilding Gets Large Advance Procurement Finance

Ingalls Shipbuilding Awarded US$133.7-million advance procurement contract for Amphibious Transport Dock LPD 27 Huntington Ingalls Industries (NYSE:HII) announce that its Ingalls Shipbuilding division has received a $133.7 million, cost-plus-fixed-fee advance procurement contract modification from the U.S. Navy to provide long lead time materials for LPD 27, the 11th amphibious transport dock of the San Antonio (LPD 17) class.

Offshore Sector Helps Wrist Ship Supply Grow in 2011

Wrist Ship Supply reported solid growth in market share and turnover following a year of focused consolidation. According to the company, its turnover reached DKK 2,447 million in 2011, an increase of 20% since 2010, and earnings before interest and tax (EBIT) increased by 45% to DKK 21.7 million. The company saw positive development across regional operation areas, particularly Asia-Pacific and Germany. The rapidly growing offshore market represents another area of expansion for Wrist

Navy Awards Electric Boat $16.3M Contract

The U.S. Navy has awarded General Dynamics Electric Boat a $16.3 million contract for planning and material procurement in support of the USS Springfield (SSN-761) depot modernization period (DMP). Under the terms of the contract, Electric Boat will perform advance planning, design, documentation, engineering, procurement, fabrication and preliminary shipyard work in preparation for the DMP, which is scheduled from May 2004 to June 2005. A DMP comprises repairs, alterations,

Seabulk Signs Global E-Procurement Contract With SeaSupplier

SeaSupplier Ltd. (SeaSupplier), the marine e-procurement subsidiary of Stolt-Nielsen S.A. announced it has been chosen by Ft. Lauderdale, Fla., based Seabulk International to provide its total SeaManager e-procurement solution to Seabulk International's three global divisions: Seabulk Offshore, Seabulk Tankers, and Seabulk Towing . The SeaSupplier solution will consolidate the purchasing activity of Seabulk's three management centers into one common platform and standard and will

Navy Awards $14b for 8 Virginia-Class Subs

On Dec. 22, the U.S. Navy reaffirmed the strategic need for a robust, adaptable submarine force by awarding General Dynamics Electric Boat a contract valued at $14b for the construction of eight Virginia-class submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE:GD). The multi-year contract allows Electric Boat and its teammate, Northrop Grumman Shipbuilding, to proceed with the construction of one ship per year in 2009 and 2010

New Navy Contract

Northrop Grumman Shipbuilding, Inc., Newport News, Va., is being awarded an $80,886,408 cost-plus-fixed-fee, level-of-effort contract for fiscal 2010 advance planning to prepare and make ready for the refueling complex overhaul of the USS Abraham Lincoln (CVN 72) and its reactor plants. This effort will provide for all advanced planning, ship checks, design, documentation, engineering, procurement, fabrication, and preliminary shipyard or support facility work