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Navy Budget

Report: Lockheed Could Lose LCS Contract

Adm. Michael Mullen, the Navy's Chief of Naval Operations, said Thursday that Lockheed Martin Corp. could lose part of its Littoral Combat Ship contract, depending on the results of a pending review, as reported in Business Week. Bethesda, Md.-based Lockheed Martin is on contract to build two ships, dubbed LCS 1 and LCS 3. The first ship is under construction and considerably over budget, which recently prompted the Navy to halt work on LCS 3. The Navy is on course to decide in the next few weeks whether to move to termination or to continue the program for LCS 3 according to reports. The Navy plans to build 55 of the new ships, which are designed to hunt mines, submarines and small enemy boats in coastal waters. The service hasn't yet decided whether it wants to settle on just one design or keep competition through the life of the program. Mullen said shipbuilding is a big priority for the Navy, but new ships need to be affordable. He welcomed comments from lawmakers like Rep. John Murtha, D-Pa., and Rep. Gene Taylor, D-Miss., in support of adding ships to the Navy's budget. But he said it isn't clear exactly how the Navy could bulk up its fleet without disrupting its current shipbuilding plan and budget outlook. For example, Mullen said the Navy believes the best course for its Virginia-class submarines is to build just one vessel per year until 2012


Torpedo and Missile Attack Vessel Launched in Italy

Admiral of the Fleet Sergio Biraghi described the new Torpedo and Missile Attack Vessel – dubbed Andrea Doria – at the launching ceremony as a “ jewel of the most advanced and sophisticated technology which forms an important part of the navy’s fleet renewal program.” The ship was launched at the Riva Trigosa yard in Genoa on October 14, 2005, three years after the first plate was cut. Biraghi said “the plan put into action in the last few years in an extremely decisive manner will make


Builders Prepare To Shape The New Navy

The team of General Dynamics and Lockheed Martin said they strongly support the U.S. Navy's plan for the next generation of surface combatant ships referred to as DD(X). The Blue Team has developed technologies relevant to the DD(X) requirement and is preparing its response to the Navy's request for proposal (RFP). DD(X) will be a technology engine that will drive a family of combatants to transform the Navy. The Navy will use the advanced technology and networking capabilities from DD(X)


Navy Cuts One Littoral Combat Ship in 2015

 U.S. Navy Aims To Smooth Impact Of Fiscal 2015 Cut To Ship Orders   Add to Collection(Oil)|Print Download:Plain TextXMLAll         WASHINGTON, April 10 (Reuters) - The U.S. Navy hopes to smooth out the impact on Lockheed Martin Corp and Australia's Austal of a budget-driven decision to order three Littoral Combat Ships instead of four in fiscal year 2015, the Navy's top weapons buyer said on Thursday.  


Shipbuilding Industry Bears Brunt of Cuts in Pentagon Budget

Strained by the demands of a major ground war and a sweeping overhaul of U.S. forces for an uncertain future, the Pentagon faces a severe budget challenge. According to the Providence Journal, while Congress and the Bush administration are working on a very large spending program for the military, the outlay for shipbuilding will be tight -- a prospect that is hurting the industry. The Navy's problem, says one Washington analyst, is not a lack of ships


UPDATE: Several Injured, Reports of Fatalities in Navy Yard Shooting

An undated file photo of an aerial view of the Washington Navy Yard. (U.S. Navy photo/Released)

WASHINGTON  -- Several people were injured and there are reports of fatalities in a shooting at the Washington Navy Yard Sept. 16. An active shooter was reported inside the Naval Sea Systems Command Headquarters building (Bldg. 197) on the Washington Navy Yard at 8:20 a.m. (Eastern Time). Emergency personnel remain on scene and a "shelter in place" order has been issued for Navy Yard personnel. The Naval Sea Systems Command's headquarters is the work place for about 3


Budget Worries Delay U.S. Carrier Group Deployment

US Defense Sec. & Chairman Joint Chiefs of Staff

The Secretary of Defense delays the scheduled deployment of 'USS Harry S. Truman' & 'USS Gettysburg'. The affected ships have begun formally notifying the men and women of the Harry S. Truman Carrier Strike Group (HST CSG) that they will not be deploying. 

"Facing budget uncertainty - including a Continuing Resolution and the looming potential for across-the-board sequestration cuts - the U.S. Navy made this request to the Secretary and he approved


Ship Repair Yards Ask: Where's the Funding?

While much of the focus is trained on Naval new construction, the fact is that repair and maintenance on the existing U.S. Navy fleet has reached condition critical.Cutbacks from the Navy have left many vessels of its 300-member fleet to go without required repairs and maintenance because the money is not budgeted. Yards may however, find some relief at the end of this month, dependent upon whether Congress passes a supplemental bill for additional funding.


Navy’s Shipbuilding Budget Increased

The Navy will enjoy its biggest shipbuilding budget surge since the end of the Cold War — including money to speed production of submarines — under a $459.3b defense spending bill that President Bush recently signed into law. The Pentagon spending bill for the fiscal year that began Oct. 1 totals slightly less than Mr. Bush sought but it raises military pay and health benefits plus spending for the National Guard and reserves beyond what he requested. The bill also represents a hike of 9


CNO Calls Shipbuilding Plan Top Budget Priority

Chief of Naval Operations (CNO) Adm. Mike Mullen talks with Government Executive Magazine Editor Tim Clark, during a leadership breakfast at the National Press Club. The CNO addressed senior leaders from several federal agencies and organizations about the future and transformation of the Navy. U.S. Navy photo by Chief Photographer's Mate Johnny Bivera The Navy’s shipbuilding plan is the key to the fleet’s future and is critical for the joint force, Chief of Naval Operations Adm


Houston Port Commission Approves budget

Logo

  The Fiscal Year 2015 Operating and Capital Budget was approved Thursday during a special meeting of the Port Commission of the Port of Houston Authority.   Projections by the Port Authority anticipate increased revenues in 2015


Nigeria to Cut Petrol Subsidy by Half

Nigeria plans to cut subsidies on petroleum products by half next year after sharp falls in global crude prices, spurred the government to revise its 2015 budget downwards, data from the revised budget seen by Reuters showed on Friday. President Goodluck Jonathan submitted the revised budget


Steven Palazzo Visits HII, Newport

Steven Palazzo Visits Newport News Shipbuilding

  Huntington Ingalls Industries today hosted Rep. Steven Palazzo, R-Miss., for a tour of the company's Newport News Shipbuilding division. Palazzo represents the fourth district of Mississippi, which includes Newport News' sister shipyard, Ingalls Shipbuilding.


NUWC Newport Holds Change of Command

Capt. Howard Goldman , right, reports that he has assumed command of Naval Undersea Warfare Center (NUWC) Division Newport to Rear Adm. Michael Jabaley, commander of NUWC (center), as the former commander of NUWC Newport, Capt. Todd Cramer,  looks on.

Capt. Howard Goldman relieved Capt. Todd Cramer as commander of the Naval Undersea Warfare Center (NUWC) Division Newport during a change of command ceremony on Friday, Nov. 14. A naval submariner originally from Baltimore, Md., Goldman is a 1987 graduate of Rice University in Houston, Texas


U.S. Navy Expect Decision on LCS Warship

The trimaran USS Independence

  Defense Secretary Chuck Hagel is expected to make a decision soon on how to make a new class of smaller warships more lethal and survivable, the Navy's top admiral said on Saturday. Chief of Naval Operations Admiral Jonathan Greenert expected a quick decision based on a recommendation


Seaspan's Vancouver Shipyard’s Modernization Complete

Vancouver Shipyard

  Today, Seaspan’s Vancouver Shipyards officially celebrated the completion of its two-year, $170M Shipyard Modernization Project ahead of schedule and under-budget. Funded entirely by Seaspan, this project has transformed Vancouver Shipyards into the most modern facility in North


Willard Marine Wins US Navy RIB Contract

Photo courtesy of Willard Marine

The U.S. Navy has awarded Willard Marine, Inc. (WMI), a five-year contract to provide two types of 7-meter rigid inflatable boats (RIBs) that will serve as ready service lifeboats for search-and-rescue missions. The contract includes a standard craft based on the 7-meter RIB WMI has been


CSC Launches Gas Storage Integrity Management Team

CIM Alan EXAMINATION 024.jpg

UK-based Chesterfield Special Cylinders (CSC) has launched a new integrity management team to work with owners and operators of high pressure gas storage vessels as installed in rigs and ships, and with gas majors and classification bodies to maximize vessels’ lifetime performance and safety


Maduro Says Venezuela's 2015 Budget to Put Oil at $60

President Nicolas Maduro

   Venezuela's 2015 budget will be based on a target oil price of $60 dollars per barrel, President Nicolas Maduro said on Friday night, but he repeated expectations that prices will recover. Venezuela routinely underestimates oil prices when planning its budget to permit more


Portsmouth Shipyard Delivers USS Springfield

USS Springfield

  Portsmouth Naval Shipyard (PNSY) delivered USS Springfield (SSN 761) back to the fleet on Sept. 12 ahead of schedule and under budget.   PNSY conducted Springfield's docking continuous maintenance availability off-yard at Sub Base New London in Groton, Connecticut


LNG Ltd Takes Paul Cavicchi On-board

LNG Ltd Takes Paul Cavicchi On-board

  Liquefied Natural Gas Limited has appointed Paul J. Cavicchi as a Non-Executive Director of the Company with effect from 1 October 2014.  Based in Houston, Paul brings over 25 years leadership experience in the international energy industry across a range of gas nd power projects


Trelleborg Report Optimistic for Port Investment

Barometer Report 4: Image Trelleborg

The latest 'Barometer Report' from Trelleborg's marine operations business sector, discusses the issues impacting ports and terminals around the globe, and reveals the most optimistic outlook on investment since the annual industry survey began in 2010


Navy CNO Sets Out Annual 'Navigation Plan'

Adm. Jonathan Greenert: Photo USN

The Navy's top leader has released a detailed plan that highlights the U.S. Navy's intended track and investments for the next 5 fiscal years, informs Chief of Naval Operations Public Affairs. Chief of Naval Operations (CNO) Adm. Jonathan Greenert's 2015-2019 Navigation Plan defines how the


Crowley Helps Launch USS Montgomery

Photo courtesy of Crowley

Crowley Maritime Corp.’s ocean class tugboat Ocean Sky and heavy lift barge 455-4, managed by the company’s Houston-based solutions group, a project management organization, provided support to shipbuilder Austal USA during the launch of the newly built U.S


Babcock Wins Small Boat Fleet Support Contract

Babcock has begun work under the recently awarded contract from the UK Ministry of Defence (MoD) to provide repair and maintenance to small boats used by the Royal Navy, Royal Marines, British Army and MoD Police,. Babcock is one of the companies appointed by the MoD Commercially Supported






 
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