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
IHC Sealing Solutions has received an important third-party verification from DNV GL, a ship and offshore classification society. This means that the company’s Supreme Ventus and Supreme Athmos seals (that guarantee zero oil emissions) are now compatible with mineral oils that are used
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 (HII) reported first quarter 2014 revenues of $1.59 billion, up 2 percent compared to the same period last year. First quarter diluted earnings per share was $1.81, compared to diluted earnings per share of $0.87 in the same period of 2013
Chief of the General Staff, People's Republic of China, Gen. Fang Fenghui is on a scheduled two-day visit to San Diego hosted by Commander, U.S. 3rd Fleet (C3F) Vice Adm. Kenneth Floyd. His visit is part of a week-long engagement hosted by Chairman, Joint Chiefs of Staff, U.S. Army Gen
The U.S. Coast Guard coordinated a rescue of three sailors approximately 1,200 miles east of Cape Cod, Massachusetts, at approximately 2 p.m., Thursday. Watchstanders from the 1st Coast Guard District command center in Boston were notified at approximately 6 a.m
Huntington Ingalls Industries informs that it hosted Frank Kendall, undersecretary of defense for acquisition, technology and logistics, for a tour of the company's Newport News Shipbuilding division. Kendall visited the shipyard to learn more about cost-reduction efforts and to see the
The Port of Yantai in northern Shandong province, posted a 10.48 per cent year-on-year increase in overall cargo volume to 105 million tonnes in the first four months of the year, reports Xinhua. The port's full-year cargo throughput is expected to hit 300 million tonnes this year
Joint exercise Baltic Operations (BALTOPS) 2014, is set for June 6-21, in the Baltic Sea. : U.S. Navy units include the amphibious command and control ship USS Mount Whitney (LCC 20), the Arleigh Burke-class guided-missile destroyer USS Oscar Austin (DDG 79) and members of Expeditionary Strike
International engineering, testing, certification and classification group RINA has reported improved results for 2013. Its performance was strengthened by an upturn in marine activities and a drive to improve efficiency and drive down costs.
The U.S. EPA’s 2013 Vessel General Permit (VGP) requirements are now in place, requiring the use of environmentally acceptable lubricants (EALs) in oil to water interfaces for vessels over 79 feet. The VGP revision also requires any above water line hull cleaning or deck washdowns resulting
Environmental Protection Agency chief Gina McCarthy said on Thursday that newly proposed rules to slash carbon emissions from U.S. power plants will cut electricity bills after 2030 by forcing power plants to become more efficient.
Huntington Ingalls Industries' reports that its Newport News Shipbuilding division has successfully completed anchor testing on the aircraft carrier Gerald R. Ford (CVN 78), bringing the ship closer to its 2016 delivery to the U.S. Navy
The National Transportation Safety Board’s (NTSB) investigation into the allision of passenger vessel Seastreak Wall Street with Pier 11, Lower Manhattan, New York early last year has led the board to issue a safety alert regarding stairway hazards during docking and undocking.