Wärtsilä Publish New Global Supplier Handbook
The new handbook explains the standards required of all existing and potential suppliers. This is the first time that all of Wärtsilä’s requirements and standards have been gathered into a single, easy-to-read overview. The handbook is also testimony to the many years of dedicated work performed at Wärtsilä to achieve a sustainable, world class supply chain. We strive for world-class performance in quality and on-time delivery. For this purpose, we have put much effort into managing our supply chain so as to offer the best possible service to our customers while being a responsible contractor…
U.S. Navy Supports Northrop Grumman Shipbuilding Spin-Off
The Department of the Navy announced that it is now in a position to support Northrop Grumman Corporation's (NGC) spin-off of its shipbuilding business. The Navy finds Huntington Ingalls Industries Inc. (HII) responsible for award of amphibious transport dock ship LPD 26 and guided missile destroyer DDG 113, both contracts currently under negotiation with NGC. "NGC has cooperated with the Navy in working through the complex issues related to its potential spin-off of its shipbuilding business to HII," said Sean Stackley, assistant secretary of the Navy for research, development and acquisition. "Our support of the spin-off is based on a critical review of HII's proposed capital structure, current contract financials, required capital investment and proprietary forward-looking projections.
