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Cvn 79

NNS Awarded Carrier Construction Preparation Contract

Carrier CVN 79: Artists impression courtesy of NNS

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


Huntington Ingalls Reports Strong Fourth Quarter

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


HII Wins $504m Contract Modification for Gerald R. Ford

  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.


Aircraft Carrier Suppliers Meet on Capitol Hill

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 Reports Q1 Results

Mike Petters,  HII President and CEO (Photo: Huntington Ingalls Industries)

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


US Sens. Kaine and Reed Visit Newport News Shipbuilding

Pictured with U.S. Sens. Tim Kaine and Jack Reed  in front of USS Abraham Lincoln are (left to right) Capt. Karl Thomas, the ship’s commanding officer; Todd West, director, Newport News’ RCOH program; and Chris Miner, Newport News’ vice president of in-service aircraft carrier programs. Photo by Chris Oxley, Huntington Ingalls Industries

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


Senesco Wins NY Ferry Terminal Contract

While building 80,000-barrell, double-hulled liquid fuel barges, Senesco Marine is also working on a piece of a major construction project in New York City. The project is the building of the Pier 79 Ferry Terminal. Senesco Marine has been contracted to build three of the main passenger floats for the Pier 79 Terminal. When complete, the passenger floats will be 104 x 35 ft. The construction project is located on West 39th Street, extending 100 ft


Oscar Austin Provides Assistance to Fishing Vessel

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.


Ceremonial Steel Cut for New Aircraft Carrier

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


DoD FY '13 Budget Proposal: $13B/Year in Shipbuilding

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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


Aircraft, Ships Continue Search for Missing Jetliner

Reuters reported that aircraft and ships continued to brave rough weather conditions in search of objects floating in remote seas off Australia, generating what is now described as a "credible lead" in the prolonged search for the Malaysian jet


Saving Coral Reefs – One Shipwreck at a Time

Photo: Global Diving & Salvage

In the summer of 1991, a 121 foot long Taiwanese long line fishing vessel, the HUI FENG #1, ran aground on an atoll in the middle of the Pacific. With a footprint of just 4.6 square miles Palmyra Atoll forms the most northern vegetated island in the Northern Line Islands, lying some 1


Scorpio Bulkers Continue to Think Big with New Orders, Charters

Photo courtesy of Scorpio Bulkers

Monaco-based Scorpio Bulkers Inc. says it has signed agreements to purchase 5 Capesize dry bulkships from South Korea shipyards for a total of US $306 million, and has entered into charter party contracts as set out below: Newbuildings Yard         &n


Collision, Grounding and Anchor Draggings in Chesapeake Bay

The U.S. Coast Guard is working with local response agencies and the Virginia and Maryland Pilots Tuesday after receiving a report of a collision between two ships in the Thimble Shoal Channel and are responding to several subsequent reports of ships dragging anchor in the lower Chesapeake Bay.


Floating Production Systems: Market Update

Petrobras’ P-55 FPU in Rio Grande, Brazil, where it was built to BV class.

Currently, 319 oil/gas floating production units are now in service, on order or being remarketed for reuse.  FPSOs account for 66% of the existing systems, 73% of systems on order. Another 25 floating LNG processing systems are in service or on order


NNS Director Receives 'Women in Business' Award

Dru Branche: Photo credit HII

Huntington Ingalls Industries says that Dru Branche, health and safety director for the company’s Newport News Shipbuilding (NNS) division, has been recognized as a recipient of an Inside Business 2013 Women in Business Achievement Award


Philippine Coast Guard Hold Back Overloaded Aleson Ferries

Aleson Shipping RoPax Ferry: Photo courtesy of the owners

Three passenger/cargo vessels owned by Aleson Shipping Lines, Inc. were held on separate days by the Philippine Coast Guard in South-Western Mindanao on account of being overloaded by un-manifested passengers. A pre-departure inspection conducted by the personnel of Coast Guard Sub-Station


Platform P-55 Operational in Roncador Field

Photo: Petrobras News Agency

The Petrobras’ P-55 platform, one of the strategic projects in the 2013-2017 Business and Management Plan, started-up the last Tuesday (12/31/13) in Campos Basin’s Roncador field. P-55 is part of Roncador´s field Module 3 project and will be connected to 17 wells


US, French Navies Partner for Security, Stability

Aircraft carrier USS Harry S. Truman (CVN 75) sails alongside the French aircraft carrier Charles de Gaulle, flagship for Task Force 473. (U.S. Navy photo by Mass Communication Specialist 3rd Class Taylor M. DiMartino)

Harry S. Truman Carrier Strike Group (HST CSG) began combined operations with the French navy's Task Force 473 in the U.S. 5th Fleet area of responsibility (AOR) Dec. 29. HST CSG, comprised of the aircraft carrier USS Harry S. Truman (CVN 75)


New Tank Barge Arrives & AEP Begins River Transport

Barges in the Gulf: Photo courtesy of AEP River Operations

AEP River Operations say they have began operations of its new Liquids Division today with receipt of the first of 20 tank barges. The addition of tank barges to the company's fleet will allow them to transport liquid commodities, including petrochemicals and agricultural chemicals.


Intelsat Reports 2013 Results

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Fourth quarter revenue of $642.8 million; fiscal year 2013 revenue of $2,603.6 million Fourth quarter net income attributable to Intelsat S.A. of $72.6 million; 2013 fiscal year net loss of $255.7 million Debt prepayment of $100 million in the fourth quarter of 2013; total 2013


Transocean Profit Slides on Lower Rig Demand

Image courtesy of Transocean

Reuters – Transocean Ltd, owner of the world's largest offshore drilling fleet, said on Wednesday that fourth-quarter profit fell 49 percent from a year ago, hurt by lower rig utilization. The company's net profit attributable to controlling interest fell to $233 million


Huntington Ingalls Awarded Additional Funds For CVN 79 Construction

CVN Modular unit: Image courtesy of HII

Huntington Ingalls Industries informs that its Newport News Shipbuilding division has received a US$1.295 billion extension to a previously awarded construction preparation contract for the aircraft carrier 'John F. Kennedy' (CVN 79). The contract extension enables Newport News to complete an


Major Shipyards Figure in Latest DoD Navy Contracts

USS Pearl Harbor: Photo credit USN

General Dynamics NASSCO, BAE Systems and Huntington Ingalls have been awarded contracts by the US Department of Defense for various activities as follows: General Dynamics National Steel and Shipbuilding Co. is awarded a $62,574,394 modification to previously awarded cost-plus-award-fee


Continental Refining Expands Diesel Offering

Photo: Continental Refining Company

Continental Refining Company Now Processing Low Sulfur Marine Diesel T90-700 and Completes Upgrades to Receive Transmix for Finished 500ppm LM Diesel Fuel Production; CRC Expands with Two New Niche Market Product Offerings that Serve Marine Users and Help to Prevent Bottlenecks in the U.S


 
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