Ship Construction

DD(X) Funds Awarded

Northrop Grumman Ship Systems, Pascagoula, Miss., is being awarded a $42,759,000 cost-plus-award-fee, level of effort modification to previously awarded contract (N00024-05-C-2311) for continuation of DD(X) transition design efforts, initial detail design and long lead material procurement for DD(X) ship construction. Work will be performed in Pascagoula, Miss., and is expected to be completed by June 2006. Contract funds will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.

Marinette Marine Breaks Ground on New Facility

Marinette Marine Corporation, a member of the Lockheed Martin (NYSE: LMT)-led Littoral Combat Ship (LCS) industry team, broke ground for a new panel-line fabrication building to support construction of the U.S. Navy's LCS. The new building will improve the first stage of ship construction at Marinette Marine and decrease ship module travel distance throughout the LCS construction process. The building will feature automation to increase efficiency and provide the capacity for storage of steel

FY2003 Budget Eliminates Title XI Funding

The Administration released its FY2003 budget, proposing, as expected, the elimination of funding for the Title XI Maritime Loan Guarantee Program. “The zero funding decision is disappointing but not surprising” said Allen Walker, president of the Shipbuilders Council of America, noting that the Administration had proposed a similar funding level last year. “This is a good program that has significantly helped stimulate ship construction in the U.S

Kvaerner Philadelphia Places $60 Million Worth Of Supply Orders

Kvaerner Philadelphia Shipyard, part of the Anglo-Norwegian engineering and construction group, to date, has placed supply orders for nearly $60 million with local and regional businesses in and around Philadelphia for ship construction materials and services. Additional amounts are spent regularly with local suppliers to support the shipyard's daily operations. "This is evidence that the promises made to tax-payers in 1998 are now starting to have a real impact in the community

Bath Iron Works Awarded Contract

The U.S. Navy has awarded Bath Iron Works, a subsidiary of General Dynamics a $197 million contract modification to continue work on the new DDG 1000 Zumwalt Class of destroyers. Work to be performed includes long lead material procurement and pre-production planning to support detail design and ship construction. The contract being modified was originally awarded in August 2006. The Zumwalt class of ships represents the Navy's next generation of multi-mission surface combatants which will

Aker Philadelphia Shipyard Delivers 12th Product Tanker

Aker Philadelphia Shipyard (Oslo: AKPS), a leading U.S. commercial shipyard, delivered to American Shipping Company (Oslo: AMSC) the shipyard’s twelfth Veteran Class MT-46 product tanker. The 46,000 dwt vessel, named the Overseas Tampa, will leave the shipyard in the coming days under the operation of Overseas Shipping Group (OSG) to transport petroleum products. The on schedule delivery of this ship marks the successful conclusion of a historic shipbuilding program that began in April

Canadian Shipyard Gets Government Finance for Naval Ship Construction

Irving gets $304 million assistance for next-generation naval ship construction from Nova Scotia authority Irving Shipbuilding Inc. is getting $304 million from the Nova Scotia government to help prepare for the construction of the Royal Canadian Navy's next fleet of vessels, according to a CBC news report. The government's assistance package, includes a forgivable loan worth up to $260 million and a repayable loan of $44 million for human resources

MARAD, $100m in Small Shipyard Grants

Under the terms of the American Recovery and Reinvestment Act, the Maritime Administration has received $100 million for the Small Shipyards Grant Program, which had been funded at $10 million in 2008. This program provides 75 percent federal funds with 25 percent matching funds from the shipyard for capital improvements and related infrastructure improvements which will foster efficiency, competitive operations and quality ship construction and repair

New Navy Contract

General Dynamics Bath Iron Works, Bath, Maine, is being awarded a $33,066,885 modification to previously awarded contract (N00024-06-C-2307) to exercise options for the accomplishment of Lead Yard Class Services for the DDG 51 Class AEGIS destroyer program.  This work will provide technical assistance to the Follow Yard in the interpretation and application of the detailed design developed by Bath Iron Works Corp., the Lead Yard contractor

Bill Gates Takes Stake In Newport News Shipbuilding

It was reported that Microsoft Chairman Bill Gate has purchased an approximate $68.9 million stake – roughly eight percent – of Newport News Shipbuilding. Gates is thought to be the world’s richest man with an estimated fortune in excess of $100B. The purchase would make him one of the shipyard’s largest stockholders. Newport News is the only shipyard in the U.S. capable of building nuclear powered aircraft carriers, and with two miles of waterfront in Virginia boasts the largest ship