Navy Awards Northrop Grumman $90M Contract

Wednesday, November 14, 2007
The U.S. Navy Friday awarded Northrop Grumman Corporation (NYSE:NOC) a $90 million contract modification for transition to production activities leading to the construction of one of the first two Zumwalt-class destroyers. Zumwalt-class destroyers will provide the U.S. Navy multi-mission surface combatants with advanced land attack capability in support of the ground campaign and contribute to naval, joint, or combined battle-space dominance in littoral operations. It will operate as part of a joint maritime fleet, assisting Marine strike forces ashore. DDG 1000's affordable and flexible design, unmatched stealth and precision volume strike make this ship an important asset to the U.S. warfighter. The DDG 1000 class ship displaces approximately 14,564 tons, is 600 feet long, has a beam of 80.7 feet, a navigational draft of 27.6 feet and a ship's crew of 142, including the aviation detachment. Work will be performed at Northrop Grumman Ship Systems sector's Pascagoula, Miss. and Gulfport, Miss. facilities. Northrop Grumman Corporation is a $30 billion global defense and technology company whose 122,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Baltic Index up for Third Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday, for a third straight session, on rising demand across all vessel segments.

Asia Tankers-VLCC Rates to Climb Slowly

Around 47 MidEast charters fixed for July loading so far; older tonnage and new vessels a drag on freight rates. Freight rates for very large crude carriers

BIMCO Launches New Standard Agreements for Novation of Shipping Contracts

BIMCO has published three standard novation agreements that provide a legal framework to change one of the original parties to a contract.   Two of the agreements

Finance

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

World Stocks Tumble as Britain Votes for EU Exit

Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0768 sec (13 req/sec)