Marine link
 

General Dynamics

GD To Acquire Division of Motorola For $825 Million

Defense contractor General Dynamics Corp. on Monday said it agreed to acquire a division of wireless technology giant Motorola Inc. for $825 million, in a move to strengthen its communications and information technology operations. The deal, which is expected to close in 60 days, would enhance General Dynamics' earnings immediately, the Falls Church, Va.-based company said. It is buying Motorola's Integrated Information Systems Group (IISG) based in Scottsdale, Ariz., which provides defense and other government customers with technologies, products and systems for secure communications and integrated communication systems. The business would become part of General Dynamics' Information Systems and Technology group. A top General Dynamics official said that the company expects the acquisition to add $100 million of earnings before interest and taxes for 2002 on revenues of $830 million. This will add to the $2.4 billion in revenues General Dynamics already records from its existing communications and IT business. General Dynamics, which is paying for the transaction through debt, is also assuming certain liabilities of the Motorola unit. Rating agency Standard & Poor said the deal would have no impact on its current 'stable' rating. Besides strengthening General Dynamics' position in communications and information technology for military and government customers, General Dynamics said in a statement, the deal will enhance company capabilities in command


NASSCO Bags $24 mi Award for Littoral Combat Ships Sustainment

Littoral Combat Ships Courtesy Wikipedia

  General Dynamics NASSCO has been awarded a $24.1 million contract by the U.S. Navy for Littoral Combat Ships (LCS) sustainment execution in support of LCS' home-ported in or visiting San Diego. General Dynamics NASSCO is a business unit of General Dynamics (NYSE: GD). Under the contract, General Dynamics NASSCO will plan, furnish material and provide support and facilities to maintain and modernize twelve LCS-class ships. This contract covers both variants, Freedom and Independence


General Dynamics Awards Contract to Marotta

General Dynamics Bath Iron Works, a business unit of General Dynamics has awarded Marotta a contract to provide solenoid valves on the DDG-51 Class of Navy ships. The contract with options is valued at over $500,000. "The awarding of this contract is another strong indication of Marotta's solid and continually expanding relationship with General Dynamics and speaks well of the high-quality products we are providing to them," said Mike Leahan, Vice President and Chief Sales Officer at Marotta


Navy Awards $87m Deal for Mine Countermeasure UUV

The U.S. Navy’s Naval Sea Systems Command has awarded General Dynamics Advanced Informational Systems a contract to design and build the Surface Mine Countermeasure Unmanned Underwater Vehicle (SMCM UUV) system. The system will initially be a part of the Littoral Combat Ship Mine Warfare mission package. The contract has a maximum potential value of $86.7 million for one Engineering Development Model (EDM) and five low-rate initial production systems if all options are exercised


General Dynamics Wins $12m Navy Deal

General Dynamics Awarded $12 Million for Virginia-Class Repair Parts   General Dynamics Electric Boat has received an $11.5 million contract modification from the U.S. Navy to provide on-board repair parts for Virginia-class submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). The modification was exercised under the $14 billion contract awarded to Electric Boat in December 2008 for the construction of eight Virginia-class submarines


Fred Harris to Retire

Fred Harris (Photo: General Dynamics NASSCO)

Ubiquitous General Dynamics Leader Fred Harris to Step Down January 1, 2017; Dirk Lesko to Lead Bath Iron Works; Kevin Graney to Lead NASSCO General Dynamics (NYSE: GD) said that in the wake the retirement of Frederick J. Harris  effective January 1, 2017, Dirk A. Lesko will be a vice president of the corporation and appointed as president of General Dynamics Bath Iron Works, and Kevin M. Graney will be a vice president of the corporation and appointed as president of General Dynamics


GD Canada Wins $128M Contract

General Dynamics’ Canadian subsidiary, General Dynamics Canada, was awarded a contract valued at $128 million by the Canadian Department of National Defense to supply and integrate a new data management system for the CP-140 Aurora, Canada’s long-range maritime patrol aircraft, as part of the ongoing Aurora Incremental Modernization Project (AIMP). Under the contract, General Dynamics Canada will supply a new mission computer, integrate upgraded sensors


Newport News, General Dynamics Terminate Merger Agreement

Newport News Shipbuilding, (NNS) and General Dynamics (GD), have agreed to terminate their agreement and plan of merger. The companies entered into an agreement on April 24, 2001, and a tender offer by General Dynamics commenced on May 4, 2001.


General Dynamics Awarded $12M to Upgrade Sub

General Dynamics Advanced Information Systems was awarded an $11.5m modification to a previously awarded contract to provide engineering and technical services for the AN/BYG-1 weapons control system for SSN21-, Virginia- and SSN688/688I-class submarines. This contract modification is the second-year option of a multi-year contract awarded in July 2009. General Dynamics Advanced Information Systems is a business unit of General Dynamics (NYSE: GD).


General Dynamics Upgrades RVSS for CPB

Logo

  General Dynamics successfully completed the initial field deployment and test of the Remote Video Surveillance System (RVSS) upgrade for the U.S. Department of Homeland Security's Customs and Border Protection (CBP). This test demonstrated many technical capabilities of the RVSS system and is a key program milestone in its deployment schedule. U.S. Border Patrol agents are currently operating the RVSS in Nogales, Ariz


NASSCO Christens Yard Tug Blue Fin

(Photo: General Dynamics NASSCO)

U.S. shipbuilder General Dynamics NASSCO has taken delivery of a new tug, Blue Fin, to support its waterfront activities. The new tug, built by Marine Group Boat Works in National City, Calif., was christened July 8 at a ceremony at NASSCO’s shipyard in Barrio Logan in San Diego


Vancouver Shipyards Promotes Corr to VP

Jim Corr (Photo: Seaspan)

 Seaspan’s Vancouver Shipyards (VSY) has appointed Jim Corr as Vice President – Planning & Estimating.   Corr joined VSY in January 2017 as a consultant, and in June 2017 was promoted to Vice President, Planning & Estimating


BV Approves Braemar’s LNG Containment System

(Image: Braemar Technical Services)

Braemar Technical Services announced that Bureau Veritas (BV) has issued a General Design Approval for the FSP Type B LNG Containment System (FSP).   Starting with the General Dynamics NASSCO-patented tank design, for which the American Bureau of Shipping (ABS) and Lloyd’s Register


General Dynamics Delivers Submarine Colorado

General Dynamics Electric Boat delivered the nuclear-powered attack submarine Colorado (SSN 788) to the U.S. Navy.   The 15th ship of the Virginia Class, Colorado is the fifth of the eight-ship group known as Block III. According to the builder


NASSCO Delivers Final Tanker for SEA-Vista

Liberty (Photo: General Dynamics NASSCO)

U.S. shipbuilder General Dynamics NASSCO has delivered the third and final ship for SEA-Vista LLC as part of the builder’s larger eight-ship ECO Class tanker program.    The LNG-conversion-ready Jones Act tanker Liberty was delivered on March 1


San Diego Yards Win Navy Repair Deals

 BAE Systems San Diego Ship Repair, San Diego, California (N00024-16-D-4419); Continental Maritime of San Diego, San Diego, California (N00024-16-D-4420); and General Dynamics, National Steel and Shipbuilding Co., San Diego, California (N00024-16-D-4421), are being awarded a combined $383,058


Skilled Workers Needed to Build Trump's Navy Vision

File Image: AdobeStock CREDIT Bogdan Vasilescu

U.S. President Donald Trump says he wants to build dozens of new warships in one of the biggest peace-time expansions of the U.S. Navy. But interviews with ship-builders, unions and a review of public and internal documents show major obstacles to that plan.  


General Dynamics Christens Future USS Thomas Hudner

Capt. Thomas Hudner Jr. attends the christening of the future USS Thomas Hudner at the Bath Iron Works shipyard in Bath, Maine on Saturday, April 1, 2017. Capt. Hudner is a Medal of Honor recipient for his valor in the Korean War, when he intentionally crash landed his plane in an effort to save fellow pilot Ensign Jesse Brown, the Navys first African-American pilot. (Photo: General Dynamics)

On April 1, General Dynamics Bath Iron Works christened the U.S. Navy’s newest guided-missile destroyer, Thomas Hudner (DDG 116).   The ship is named for Capt. Thomas Hudner Jr., who intentionally crash landed his plane in an effort to save Ensign Jesse Brown


Electric Boat Bags US Submarine Contract

The U.S Navy has awarded General Dynamics Electric Boat a $95.5 million contract modification to continue development of the Common Missile Compartment for the U.S. Navy’s Columbia-class submarine and the Royal Navy’s Dreadnought-class ballistic-missile submarine.  


US Navy Christens Submarine Indiana

Ships Sponsor Diane Donald christens the Virginia-class submarine Indiana (SSN 789), witnessed by (from left) Vice President Mike Pence, Indianas  Commanding Officer, Cdr. Jesse Zimbauer and Newport News Shipbuilding President Matt Mulherin. (U.S. Navy photo courtesy Huntington Ingalls Industries by Ashley Major)

 The U.S. Navy christened its newest Virginia-class fast attack submarine, the future USS Indiana (SSN 789), during a ceremony Saturday, April 29, at Huntington Ingalls Shipyard in Newport News, Va.    Vice President Mike Pence, who previously served as the 50th governor of Indiana


Harris Joins J.F. Lehman Operating Executive Board

Fred Harris (File photo: General Dynamics)

Frederick J. Harris, recently retired president of General Dynamics NASSCO and Bath Iron Works shipyards, has joined the operating executive board (OEB) of private equity firm J.F. Lehman & Company. The OEB is a group of industry and government executives with significant experience in the


APT’s Palmetto State Passes Sea Trials

Photo: NASSCO

The Palmetto State, the eighth and final tanker to be constructed at General Dynamics NASSCO as part of a dual-customer program, has recently returned from its first run at sea. The Palmetto State and her sister ships are the most fuel-efficient tankers to service the Jones Act trade


General Dynamics Wins US Navy Training Contract

U.S. Navy to update curriculum and training-related programs for surface force operations and combat systems globally.   General Dynamics Information Technology, a business unit of General Dynamics, was awarded the Training Services for the Center for Surface Combat Systems (CSCS) contract


NASSCO Delivers Final Jones Act Tanker for APT

Palmetto State (Photo: General Dynamics NASSCO)

 With the delivery of Palmetto State to American Petroleum Tankers (APT), San Diego shipbuilder General Dynamics NASSCO has now handed over the final ECO Class tanker constructed as part of an eight-tanker, dual-customer program.  


Webb Institute Class of 2017 Turns Tassels

Webb Institute’s Class of 2017 throwing their caps in the air after the 121st Commencement Ceremony. (Photo: Jonathan Wang, Webb Institute student, Class of 2020)

On Saturday, June 17, 2017, Webb Institute awarded 19 Bachelor of Science degrees at its 121st Commencement Ceremony. Each graduating student received a dual degree in Naval Architecture and Marine Engineering.    Webb’s commencement ceremony opened with the singing of the






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright