NNS Earnings Per Share Up 26 %

Monday, October 18, 1999
Newport News Shipbuilding reported net earnings of $20 million, or $.58 per diluted share for the third quarter of 1999. Earnings before interest and taxes (EBIT) for the quarter were $47 million, up 9 percent from EBIT of $43 million in the same period last year. NNS posted third quarter revenues of $451 million versus $462 million in the third quarter last year.
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Contracts

Myanmar Awards Statoil, Conoco Phillips Deepsea Exploration Contract

Myanmar has awarded contracts to international oil majors Statoil and ConocoPhillips for oil and gas exploration in a deepwater offshore block, the official Kyemon Daily said on Sunday.

California Port Truckers End Strike

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Volvo Penta Offers Extended Warranty

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Shipbuilding

BP Shipping Turns 100

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US Navy is Buying the Wrong Ship, Costing Taxpayers Billions

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