U.S. Navy Awards General Dynamics $459 Million

Press Release
Tuesday, October 16, 2012

The U.S. Navy has awarded a $459 million contract modification to General Dynamics Electric Boat to provide planning yard work and engineering and technical support for nuclear submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).


Under the terms of this award, Electric Boat will provide design, engineering and logistics support and research and development activities for active U.S. submarines and submersibles. Electric Boat will also provide information services and support submarine maintenance and modernization activities, training and affordability/cost reduction efforts.


Initially awarded in October 2010, the contract has a potential value of approximately $1.2 billion over three years if all options are exercised.


This work will engage Electric Boat’s engineering and design organization, which comprises more than 4,000 employees. Possessing proven technical capabilities, these employees work on all facets of the submarine lifecycle from concept formulation and design through construction, maintenance an modernization and eventually to inactivation and disposal.
 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Elcome Enters Sales, Service Deal with JRC

Elcome International has signed a distribution agreement with Japan Radio Company (JRC) and its technology partner Alphatron Marine.   Under the agreement, the

Hornbeck Completes $114M Sale of OSVs to U.S. Navy

Hornbeck Offshore Services has closed the sale of three 250EDF class OSVs to the U.S. Navy, the company announced today.   The three vessels were sold for cash consideration of $114 million,

Haven Marine Bags Back To Back Dockings

Despite a slow start to the year, Haven Marine Services reports it is now seeing a change in fortunes with two dockings for Svitzer in quick succession, with one

Shipbuilding

Apprentices Graduate to Newport News Shipbuilding

Huntington Ingalls Industries (HII) hosted commencement exercises Saturday to graduate 157 apprentices from the company's Apprentice School located at Newport News Shipbuilding.

Her Majesty The Queen to Name Britannia

Her Majesty The Queen, accompanied by His Royal Highness The Duke of Edinburgh, will name the new P&O Cruises vessel Britannia in Southampton on March 10, 2015, P&O Cruises announced.

Liebherr Reports Record Year for Offshore Cranes

With 87 units delivered in 2014, Liebherr offshore cranes achieved a new per year delivery record, more than doubling its delivery numbers from 2012. And according to Liebherr,

Ship Repair & Conversion

Apprentices Graduate to Newport News Shipbuilding

Huntington Ingalls Industries (HII) hosted commencement exercises Saturday to graduate 157 apprentices from the company's Apprentice School located at Newport News Shipbuilding.

Haven Marine Bags Back To Back Dockings

Despite a slow start to the year, Haven Marine Services reports it is now seeing a change in fortunes with two dockings for Svitzer in quick succession, with one

Delay in Relocating Guangzhou Shipyard

Guangzhou Shipyard International (GSI) has not commenced the relocation of its factory. According to the plan of Guangzhou city, the shipyard should have finished

Navy

Hornbeck Completes $114M Sale of OSVs to U.S. Navy

Hornbeck Offshore Services has closed the sale of three 250EDF class OSVs to the U.S. Navy, the company announced today.   The three vessels were sold for cash consideration of $114 million,

Italy to Begin Naval Exercises off Libya

Italy will begin annual naval exercises this week near the coast of Libya, where a breakdown in order has allowed tens of thousands of migrants to try to reach

Royal Navy Data Provide Insights for Arctic Science

The researchers at the National Oceanography Centre (NOC) have investigated the nature of turbulence in the ocean beneath the Arctic sea-ice using recently released

Finance

Cheap Oil Threatens Debt Squeeze for Smaller North Sea Producers

Small and mid-sized independent oil producers in the British North Sea could face a financing squeeze this year as banks cut lending linked to the value of oil reserves,

Royal Caribbean to Sell Splendour of the Seas

Royal Caribbean Cruises Ltd. announced that it has entered into an agreement to sell its cruise ship Splendour of the Seas to TUI Cruises in the second quarter of 2016.

Johan Sverdrup Contract to "Pioneering Spirit"

Statoil has signed a contract with Allseas for installation of three platform topsides on the Johan Sverdrup field.   The vessel will be installing the topsides for the drilling,

Eye on the Navy

Italy to Begin Naval Exercises off Libya

Italy will begin annual naval exercises this week near the coast of Libya, where a breakdown in order has allowed tens of thousands of migrants to try to reach

Canadian Submarines Ready to Hit the Sea

For the first time since they were purchased in 1998, the Royal Canadian Navy has reached a stage where three of its four diesel-electric submarines are now shipshape and available for operations.

China's Maritime Advances Worry US

The Director of U.S. National Intelligence, James Clapper, has expressed his concern at the progress of China in maritime zones it shares with its neighbors, accused

Vessels

Her Majesty The Queen to Name Britannia

Her Majesty The Queen, accompanied by His Royal Highness The Duke of Edinburgh, will name the new P&O Cruises vessel Britannia in Southampton on March 10, 2015, P&O Cruises announced.

Haven Marine Bags Back To Back Dockings

Despite a slow start to the year, Haven Marine Services reports it is now seeing a change in fortunes with two dockings for Svitzer in quick succession, with one

Viking Neptun Delivered for Technip

Viking Neptun was delivered from Kleven Verft to Eidesvik on February 17, and the naming ceremony was held in Stavanger on February 28. The vessel’s Godmother,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1308 sec (8 req/sec)