Newport News Shipbuilding
Newport News Shipbuilding Notified of Department of Defense Recommendation
Newport News Shipbuilding was notified by the Department of Defense (DOD) of its decision to recommend to the Department of Justice (DOJ) approval of the Northrop Grumman offer to acquire Newport News Shipbuilding and its decision to recommend not approving the merger agreement between Newport News Shipbuilding and General Dynamics. Newport News Shipbuilding was also notified that the DOJ has commenced legal proceedings to prevent the proposed merger between NNS and GD. Newport News Shipbuilding began discussions with Northrop Grumman three weeks ago to determine whether a mutually acceptable transaction between the two companies can be negotiated. Any agreement reached between Newport News Shipbuilding and Northrop Grumman would require the approval of the Newport News Shipbuilding Board of Directors.
Northrop Grumman, Newport News Shipbuilding Announce Definitive Merger Agreement
Northrop Grumman Corporation and Newport News Shipbuilding Inc. announced today that they have signed a definitive agreement under which Northrop Grumman will acquire Newport News Shipbuilding. The boards of directors of both companies approved the terms of the transaction in which Northrop Grumman will acquire all the outstanding shares of Newport News. In an exchange offer, Newport News Shipbuilding's shareholders may elect to receive either $67
GD Extends NNS Offer
General Dynamics extended its pending tender offer for all outstanding shares of common stock (including associated rights) of Newport News Shipbuilding Inc. to midnight, EDT, on July 6, 2001. The offer was previously scheduled to expire at midnight, EDT, on June 22, 2001. As of midnight, EDT, on June 22, 2001, approximately 20,248,926 shares (including guaranteed delivery) of Newport News had been tendered. While the number of shares tendered exceeds the
U.S. Sues Shipbuilder For Alleged Overcharges
The United States has filed suit against Newport News Shipbuilding Inc. alleging that the company knowingly mischarged the U.S. Navy on costs it incurred for work under commercial contracts from 1994 to 1999, the Justice Department announced today. The lawsuit alleges that the Newport News, Virginia-based company charged the Navy for independent research and development (IR&D) costs for double-hulled tankers that Newport News was building for commercial customers under existing contracts
Northrop Grumman Completes Tender Offer for Newport News Shipbuilding
Northrop Grumman Corporation announced today the completion of its tender offer for all of the outstanding shares of Newport News Shipbuilding Inc., creating the world's largest naval shipbuilder. The tender offer expired at midnight E.S.T. on November 29, 2001. All shares validly tendered have been accepted for exchange. The exchange agent for the offer has advised Northrop Grumman that a total of approximately 26,469,213 shares were tendered in the offer, including approximately 14
Shipbuilder Hosts Competition for STEM Students of the Future
Newport News Shipbuilding hosts city-wide 'Egg Drop Engineering Competition' Huntington Ingalls Industries' Newport News Shipbuilding division partnered with Newport News Public Schools to host the first Egg Drop Engineering Competition for middle and high school students. The event was sponsored by the NNS Career Pathways program. "Newport News Shipbuilding is delighted to collaborate with Newport News Public Schools to host this competition," said Jennifer McClain
Newport News Awarded $5.6m Contract
Newport News Shipbuilding and Dry Dock Co., Newport News Va., is being awarded a $5.6m cost-plus-fixed-fee, level of effort contract for planning and design yard functions for standard Navy valves in support of nuclear powered submarines. Work will be performed in Newport News, Va., and is expected to be completed by September 2007. The contract, worth $5.6m, will expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity
Northrop Grumman Announces Newport News Shipbuilding Exchange Ratio
Northrop Grumman Corporation announced in connection with its offer to acquire all of the outstanding shares (including associated preferred stock purchase rights) of Newport News Shipbuilding that the exchange ratio for the common stock of Newport News has been fixed at 0.7193. Accordingly, stockholders of Newport News who elect to receive solely Northrop Grumman common stock in the offer will receive approximately 0
Newport News Shipbuilding Celebrates 125th
Huntington Ingalls Industries announced today that its Newport News Shipbuilding (NNS) division has partnered with The Mariners' Museum to share the shipyard's history through a collection of 51 photographs. The exhibit, named "Always Good Ships," will be open to the public Aug. 6 through Oct. 31. "We are excited to partner with The Mariners' Museum to recognize our shipbuilders and the important role they play in our community and in the security of our nation
NNS Stacks Office with Food Christmas Trees
Newport News Shipbuilding employees donate food for the poor at Christmas, filling offices from desk to door. Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division donated more than $23,500 and more than 31,000 pounds of non-perishable food to the Virginia Peninsula Foodbank during the shipyard's annual holiday food drive. "We are fortunate to employ an extraordinary group of people at Newport News Shipbuilding," said Chavis Harris, NNS' director, EEO
Shipbuilders Run For Their Lives
Huntington Ingalls Industries' Newport News Shipbuilding's 'HealthWaves' wellness program host the sixth annual 5K fun run. The 5K is a fun event that encourages families, friends and co-workers to get out and do something active together," said Brady Goggin, HealthWaves' program coordinator
Huntington Ingalls Industries Reports Q1 Results
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
New US Aircraft Carrier Hull Structure Complete
Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division hoisted the last piece of primary structure onto the nuclear-powered aircraft carrier 'Gerald R. Ford'. The lift was the last of 162 superlifts and brings more than three years of structural erection work to a close.
US Shipbuilder Receives Environmental Awards
Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division receives HRSD gold awards. NNS received gold awards for meeting industrial waste water discharge limits mandated by Hampton Roads Sanitation District (HRSD) and for meeting HRSD's technical and administrative requirements
HII Host Senator's Shipyard Fact-finding Mission
Huntington Ingalls Industries (HII) hosted U.S. Sen. Tim Kaine (D-Va.) for a tour of the its's Newport News Shipbuilding (NNS) division. The senator met with shipbuilders to discuss potential defense budget cuts and learned how they impact NNS' maintenance and construction work.
HII Apprentices Career Day: Students Set a Design Challenge
The Apprentice School gymnasium at Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division transformed. Using materials such as duct tape and marshmallows, NNS, in partnership with NASA Langley Research Center and the Peninsula Engineering Council (PEC)
HII Apprentices Graduate
Huntington Ingalls Industries (HII) hosts the graduation ceremony for the company's Apprentice School at Newport News Shipbuilding (NNS). The graduation, held at Liberty Baptist Church Worship Center in Hampton, celebrated the achievements of 206 apprentices representing 21 trades.
Crew and Sponsor Share in Submarine's First Meal
Huntington Ingalls Industries (HII) welcomed the crew of the newest Virginia-class submarine, Minnesota, today as it moved aboard and enjoyed its first meal in the ship's galley. Sharing in the celebration were Ellen Roughead, the ship's sponsor, and her husband
NNS Awarded Carrier Construction Preparation Contract
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
Delayed 6 Weeks, Aircraft Carrier Arrives at Shipyard
Huntington Ingalls Industries welcomed the aircraft carrier USS Abraham Lincoln (CVN 72) to its Newport News Shipbuilding (NNS) division today, following a six-week delay in its arrival. Lincoln was originally scheduled to arrive Feb. 14 for its refueling and complex overhaul (RCOH)
HII Awarded CVN 72 Refuelling & Overhaul Contract
Huntington Ingalls Industries (HII) awarded a $2.6-billion cost-plus-incentive-fee contract for work on the nuclear-powered aircraft carrier 'Abraham Lincoln' (CVN 72). The work will be performed at the company's Newport News Shipbuilding (NNS) division where it arrived recently
Newport News Completes Aircraft Carrier Gerald R. Ford
Huntington Ingalls Industries announced that the flight deck of the nuclear-powered aircraft carrier Gerald R. Ford is complete following the addition of the ship's upper bow section at Newport News Shipbuilding. The upper bow extends the overall length of the carrier to its full size, which is 1
NNS Shipbuilder Volunteers Build House
Newport News Shipbuilding (NNS) division recently dedicated its 11th Habitat for Humanity house in Hampton. NNS has partnered with Habitat for Humanity Peninsula and Greater Williamsburg since 2002 to build homes for families in Hampton Roads.
Navy Increases NNS Funding for 'JFK' Outfitting
Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division receives an addtional US$ 60.8-million for aircraft carrier 'John F. Kennedy. The funding increase is to a previously awarded construction preparation contract for purchase of materials in support of aircraft carrier John F
Submarine 'Minnesota' Completes First Round of Sea Trials
'Minnesota' (SSN 783) being built at HII's Newport News Shipbuilding (NNS) division, successfully completes 'Alpha' sea trials. All systems, components and compartments were tested during the trials. The submarine submerged for the first time and operated at high speeds on the surface and