Electric Boat Corp. Wins $5.7M Navy Contract

Friday, October 12, 2007
Electric Boat Corp. (a General Dynamics Co.), Groton, Conn., is being awarded a $5.7m modification under previously awarded contract to exercise an option for maintenance and operation of the government furnished drydock SHIPPINGPORT (ARDM-4). The contractor shall maintain Navy certification, protect, and operate the Navy floating dry dock, and shall accomplish organizational level repairs and preservation to the government furnished dry dock. Work will be performed in Groton, Conn., and is expected to be completed by September 2008. Contract funds will expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.

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.

Finance

Advent Hires Banks to Sell Control of Brazil Port

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SUNY Maritime Among 'Best Bang for the Buck' Colleges

SUNY Maritime College has been named one of the best colleges for its price by Washington Monthly.   SUNY Maritime placed in the top 30 schools in the Northeast.

Meyer Turku Continues Shipyard Investments

Meyer Turku shipyard  has further enlarged it’s investment package with a new 75 million euro steel storage and pretreatment facility. This is already a third large

 
 
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