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
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 (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.
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
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
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
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
The Naval Sea Systems Command’s (NAVSEA) Ship Design, Integration and Engineering Directorate and the Program Executive Officer for Aircraft Carriers (PEO Carriers) will commemorate the certification of CVN 78 ship specifications in a signing and awards ceremony to be held Sept. 5 in the NAVSEA Headquarters auditorium, Washington Navy Yard. Rear Adm. Charles H. Goddard, NAVSEA vice commander, will also present the Award of Merit for Group Achievement to the CVN 78 Design Team in recognition
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
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
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
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.
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)
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
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
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
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
The U.S. Navy's aircraft carrier USS George Washington (CVN 73) completes its largest replenishment-at-sea (RAS) ever with Military Sealift Command dry cargo and ammunition ship USNS Charles Drew (T-AKE 10). While RAS's are nothing new to the Sailors aboard George Washington
As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Bureau of Ocean Energy Management (BOEM) today announced that it will hold Gulf of Mexico Eastern Planning Area oil and gas lease sale 225 in New Orleans
Environmental solutions company PyroGenesis Canada Inc., manufacturer of plasma waste-to-energy systems and plasma torch products, announces that the 'USS Gerald Ford' (CVN-78) is equipped with their patented Plasma Arc Waste Destruction System (PAWDS).
Two Maersk Line Ltd. ships have been honored with Mariners’ Plaques for performing rescues at sea. The awards to the officers and crews of the containership, Maersk Utah, and the oceanographic survey vessel, USNS Bowditch, were presented at the Admiral of the Ocean Seas (AOTOS) award dinner
Today in U.S. Naval History - November 25 1775 - Continental Congress authorizes privateering. 1943 - In Battle of Cape St. George, five destroyers of Destroyer Squadron 23 (Captain Arleigh Burke) intercept five Japanese destroyers and sink three and damage one without suffering any damage
Products Join 100, 3000 Series Hydraulic Fluids and Safecare Cleaners as VGP Environmentally Acceptable Products that Deliver Technical Feasibility to Marine Industry. RSC Bio Solutions has announced that its EnviroLogic 200 and 200 EP series of Environmentally Acceptable Lubricants