NASSCO Named Prime Contractor

Thursday, October 21, 1999
National Steel and Shipbuilding Company (NASSCO), a General Dynamics company, has been appointed the prime contractor on $17.4 million in research and development contracts awarded by the Maritech Advanced Shipbuilding Enterprise (ASE) program. In addition to Maritech awarded funds, industry participants will invest $23.5 million of their own funds in the projects for a total cost of $40.9 million. Leading a team of U.S. shipbuilders, marine design and technology firms and universities on two-three projects for the construction of Navy and commercial ships, NASSCO will receive about one-half of the R&D award amount, with the remainder to its research partners.

Contracts

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

 
 
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