Huntington Ingalls Industries' Newport News Shipbuilding Division receives a $407 million contract extension to a previously awarded John F. Kennedy (CVN 79) contract. The award of the contract extends the period of performance, adds additional efforts for engineering, planning and material procurement through Oct. 31, and authorizes additional manufacturing efforts. NNS is performing work on CVN 79 under a construction preparation contract that allows for engineering, planning, long-lead time material procurement and initial manufacturing to begin before the full construction contract is awarded. The full contract is scheduled to be awarded later this year. "This is a critical phase of construction on John F. Kennedy as key material procurement and production activities are taking place every day," said Mike Shawcross, NNS vice president, CVN 79 construction. "It is very important to get a good start on a ship of this magnitude and complexity, and this contract extension allows for those activities to continue and keep the ship on a path for success in meeting our customer's goals." John F. Kennedy (CVN 79) will continue the Ford-class legacy of highly capable U.S. Navy nuclear-powered aircraft carrier ship platforms. Ford-class enhancements incorporated into the design include flight deck changes, improved weapons handling systems and a redesigned island, all resulting in increased aircraft sortie generation rates
Newport News, Va. -- Huntington Ingalls Industries reported fourth quarter 2011 sales of $1.74 billion, consistent with the fourth quarter of 2010. The impact of a $10 million non-cash goodwill impairment finalization adjustment resulted in reported net earnings of $69 million for the quarter and $1.39 diluted earnings per share on a GAAP basis. Excluding the goodwill impairment adjustment in the fourth quarter, total operating margin was 6.6 percent, up from 6
Huntington Ingalls Industries (NYSE:HII) received a $504 million cost-plus-incentive-fee contract extension to continue engineering work associated with construction of the nuclear-powered aircraft carrier Gerald R. Ford (CVN 78). The company's Newport News Shipbuilding division is the prime contractor. Work performed under the contract includes the continuation of design-related activities and integration and system analysis for non-propulsion plant work.
Washington, D.C. – Representatives from more than 2,000 companies from around the country which provide parts and services for the construction and maintenance of aircraft carriers are meeting in Washington, D.C., this week to urge Congress to continue federal funding support for the U.S. Navy aircraft carrier programs. The parts and services suppliers are members of the Aircraft Carrier Industrial Base Coalition (ACIBC) and are meeting as part of the eighth annual Action Days Conference
Huntington Ingalls Industries reported first quarter 2013 revenues of $1.56 billion, relatively flat compared to the same period last year. Segment operating income for the first quarter was $120 million, compared to $101 million in the same period last year. Total operating income for the quarter was $95 million, compared to $80 million in the same period last year. Pension-adjusted operating income for the first quarter was $118 million, or 7
Huntington Ingalls Industries (HII) has reported first quarter 2014 revenues of US$1.59-billion, up 2.0 percent compared to the same period last year. Selected details from the financial report as follows: Revenues were $1.59 billion for the first quarter of 2014 Segment operating margin was 8.6 percent, a 91 bps improvement over Q1 2013 Total operating margin was 10.0 percent, up from 6.1 percent in the same period last year
The guided-missile destroyer USS Oscar Austin (DDG 79) located and assisted a distressed fishing vessel Feb. 14 while operating 140 nautical miles off the coast of Sicily in the Mediterranean Sea. The ship, which is part of the USS Theodore Roosevelt (CVN 71) Strike Group, was headed to Civitavechia, Italy, the next scheduled port of call, when its SH-60B Seahawk helicopter discovered the drifting fishing boat in distress.
Northrop Grumman reached its first construction milestone in the life of the new-generation aircraft carrier, CVN 21. The company cut one of the first pieces of steel, a 15-ton plate for a side shell unit of CVN 78, the first ship of the CVN 21 program. Design work on the CVN 21 is underway at Northrop Grumman's Newport News sector, with the full construction contract anticipated in 2007. Advance construction began in 2005 to allow shipbuilders to test the design-build strategy before
President Barack Obama sent Congress a proposed defense budget of $613.9 billion for fiscal 2013, Feb. 13. The request for the Department of Defense (DoD) includes $525.4 billion in discretionary budget authority to fund base defense programs and $88.5 billion to support Overseas Contingency Operations (OCO), primarily in Afghanistan. Of the discretionary budget, $155.9 billion represents the Department of the Navy's budget request. This is a decrease of $1
Huntington Ingalls Industries (HII) hosted U.S. Sens. Tim Kaine (D-Va.) and Jack Reed (D-R.I.) Tuesday for a tour of the company's Newport News Shipbuilding division. The visit provided the senators an opportunity to meet shipbuilders and see construction progress being made on all programs across the shipyard. Huntington Ingalls Industries President and CEO Mike Petters and Newport News Shipbuilding President Matt Mulherin were joined by Adm. M.E
Huntington Ingalls Industries informs it hosted U.S. Reps. Mac Thornberry, R-Texas; Bobby Scott, D-Va.; Randy Forbes, R-Va.; Rob Wittman, R-Va.; and Scott Rigell, R-Va., for a tour of the company's Newport News Shipbuilding division. The tour gave the Virginia statesmen the opportunity to
The third shipment of four gates for the new locks of the Panama Canal Expansion has arrived to the Atlantic entrance of the waterway, the Panama Canal Authority announced The four gates arrived Sunday on board the Post-Panamax vessel Xia Zhi Yuan 6 owned by COSCO Ocean Shipping
Vessel sales for June 2014 (as of September 1) as prepared by Shipping Intelligence, Inc., New York. Date Reported – Vessel Name – DWT – Built (Age) – Price in Millions USD Bulk Carriers 8/18/14 - LINGUE - 26,973 - 90(24) - $4
The pilot of one of two F/A-18 Hornets that crashed Sept. 12 while operating from USS Carl Vinson (CVN 70) is in fair condition and receiving medical treatment aboard the ship. Search efforts continue for the missing pilot. At the time of the incident
TerraSond says it has been selected by the National Oceanic and Atmospheric Administration (NOAA) to provide hydrographic surveying services anywhere in the U.S under a new five-year contract. Under the new contract beginning in 2015, TerraSond will provide comprehensive
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
With Maritime Labor Convention (MLC), 2006 in force, one might expect to see a reduction in the number of seafarers without visas; yet, recent data collected by the Seamen’s Church Institute (SCI) shows that not only are shipowners failing to pay for crewmember visas as required by the
Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division has received a $49.6 million contract to begin planning for work on the nuclear-powered aircraft carrier USS George Washington (CVN 73)
Ten building contractors were recognized Monday, Aug. 11, 2014, by the Long Beach Board of Harbor Commissioners for hiring the most Long Beach residents for construction jobs at the Port of Long Beach’s Middle Harbor Redevelopment Project.
U.S. Naval Air Systems Command (NAVAIR) awarded General Atomics (GA) an initial sole-source contract for Electromagnetic Aircraft Launch System (EMALS) and Advanced Arresting Gear (AAG) for the CVN 79 aircraft carrier to be named John F. Kennedy.
An un-manned X-47B has completed a series of tests, operating safely and seamlessly with manned aircraft from 'USS Theodore Roosevelt' informs the US Navy. Building on lessons learned from its first test period aboard TR in November 2013
Ramco Systems has announced that it has been awarded a five-year contract from the Asia division of Vopak, the world’s largest independent tank storage provider, to integrate a part of its regional Human Resource functions into a single platform.
The aircraft carrier USS Dwight D. Eisenhower (CVN 69) (Ike) has left dry dock and moved from Dry Dock 8 to pier 42/43 at Norfolk Naval Shipyard (NNSY) in Portsmouth, Va. informs USN. USS Dwight D. Eisenhower has been in dry dock since September 2013
The Navy's X-47B unmanned aircraft has completed its final test aboard 'USS Theodore Roosevelt' (CVN 71) and has returned to its home base at Naval Air Station Patuxent River after eight days at sea , informs U.S. Naval Air Systems Command.
The US Department of Defense informs that Huntington Ingalls Inc., Coronado, California, is being awarded a $24,230,190 modification to a previously awarded cost-plus-award-fee contract (N00024-13-C-4315) for USS Ronald Reagan (CVN 76) fiscal 2014 planned incremental availability.