Electric Boat Gets $7M Sub Contract

Thursday, September 13, 2007
Electric Boat has won a $7m contact with the Navy for nuclear submarine maintenance. The Navy is calling on Electric Boat Corp., to make repairs and upgrades through July 2008, according to the U.S. Department of Defense. The Supervisor of Shipbuilding, Conversion and Repair, also based in Groton, is the contractor. Electric Boat is a business unit of General Dynamics Corp., which is a defense contractor headquartered in Falls Church, Va. Source: MHT

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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