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Tuesday, January 23, 2018

Stoller Newport News Nuclear News

HII Creates Nuclear Services Company SN3

Combining Huntington Ingalls Industries’ (HII) S.M. Stoller Corp. and Newport News Nuclear subsidiaries, the company has created Stoller Newport News Nuclear (SN3), a full-service nuclear operations and environmental services company. "Formation of SN3 is a logical next step in the post-acquisition process of fully integrating our people and capabilities to achieve our business goals," said Pete Diakun, vice president, energy programs at HII's Newport News Shipbuilding division.

Newport News Shipbuilding Bags US Navy Submarine Contract

Image: Huntington Ingalls Industries

The U.S. Navy has given Newport News Shipbuilding a $106 million contract to provide engineering and industrial support for submarines. Huntington Ingalls Industries, parent company of Newport News Shipbuilding, said the contract will be worth a total of $564 million, as the special mission submersibles, submarine support facilities and related programs are also covered by the contract. Newport News Shipbuilding is one of only two U.S. shipyards capable of building nuclear-powered submarines and has completed hundreds of ship repair projects for the government…

Northrop Grumman Completes Tender Offer for Newport News Shipbuilding

Northrop Grumman Corporation announced today the completion of its tender offer for all of the outstanding shares of Newport News Shipbuilding Inc., creating the world's largest naval shipbuilder. E.S.T. on November 29, 2001. exchange. The exchange agent for the offer has advised Northrop Grumman that a total of approximately 26,469,213 shares were tendered in the offer, including approximately 14,503,155 delivered through notice of guaranteed delivery. common stock. "Northrop Grumman is now a world-class, fully capable shipbuilding company with expertise in every class of nuclear and non-nuclear vessel," said Kent Kresa, Northrop Grumman's chairman and chief executive officer.

NNS Supports SCA Welding Education Program

Welder at work: File photo

Huntington Ingalls Industries informs that its Newport News Shipbuilding division has donated training materials to the Southern Carolina Regional Development Alliance (SCA) for a welding program in Allendale County, S.C. The SCA's Advanced Manufacturing Skills Training Program has already provided 47 students with welding training. The SCA is now working to expand the program by implementing curricula developed and used by Newport News Shipbuilding. In addition to the training materials presented to the SCA today…

General Dynamics To Buy Newport News Shipbuilding

General Dynamics Corp. said it would buy rival Newport News Shipbuilding Inc. for $2.1 billion in cash, creating the only U.S. builder of aircraft carriers and submarines for the U.S. Navy. General Dynamics' bid comes amid renewed consolidation in the defense industry, following Northrop Grumman Corp.'s $3.8 billion purchase last year of shipbuilder Litton Industries. The deal, if approved by regulators, would leave only two major U.S. contractors for naval military ships. Under terms of the transaction, General Dynamics will pay $67.50 for each of Newport News' 31.9 million shares outstanding and assume about $500 million in Newport News debt. The offer represents a 23 percent premium to Newport News' closing stock price of $55.05 on Tuesday.

Expansion Planned for Newport News Industrial

Huntington Ingalls Industries (HII) announced that its Newport News Industrial subsidiary will undergo a 52,000-square-foot expansion at its headquarters facility in Newport News. The facility, located at 182 Enterprise Drive, will be expanded to house production areas, heavy cranes and plate-forming equipment. The expansion will support the company’s heavy steel fabrication in the commercial nuclear power industry and will create at least 120 new skilled trades jobs. Additional parking will also be added to support the larger workforce. “We at Newport News Industrial are excited to see this expansion come to life because it will support our work in the nuclear power industry and support our community through job creation…

NNS Squabble Seen Settled In Washington

With General Dynamics Corp. and Northrop Grumman Corp. battling for Newport News Shipbuilding Inc. both the Pentagon and Virginia's powerful delegation in Congress are ready to step into the fray over who buys the nuclear-capable contractor. Defense Department officials are likely to weigh the cost benefits of each deal, questioning which combination would lower the price of nuclear-powered vessels for the U.S. Navy. Virginia's elected representatives will eye the acquisition's effect on jobs, and the warfare technology research funds that the shipbuilder, based in Newport News, Virginia, draws into the state. "This thing has become a political game now," said a veteran defense industry antitrust lawyer, who asked not to be named.

Newport News Shipbuilding Opens S.C. Office

Aiken office opening: Photo courtesy of HII

Huntington Ingalls Industries (NYSE:HII) announce that its Newport News Shipbuilding (NNS) division has opened a field office in Aiken, S.C., as part of its continuing efforts to expand the company's business in the Department of Energy and commercial energy markets. NNS leadership joined community leaders to officially open the office with a ribbon-cutting event (see photo). HII explain that the Aiken office will provide a location from which NNS will manage jobs currently under contract in the area and pursue additional opportunities in the energy industry.

Boykin Tapped as Next Newport News President

Jennifer Boykin (Photo: HII)

Huntington Ingalls Industries’ (HII) Board of Directors has elected Jennifer R. Boykin to serve as executive vice president of HII and president of HII’s Newport News Shipbuilding division, effective July 1. She will succeed Matt Mulherin, who announced that he will retire on August 1 after a 36-year career at Newport News Shipbuilding. Boykin, who will report to HII President and CEO Mike Petters effective July 1, currently serves as vice president, engineering and design for Newport News Shipbuilding.

Newport News Backs $2.1 Billion Takeover From General Dynamics

Newport News Shipbuilding Inc. said Wednesday its board voted to back the $2.1 billion takeover offer from defense contractor General Dynamics Corp. over a rival bid from Northrop Grumman Corp. Newport News, maker of nuclear-powered warships, said its board voted unanimously to recommend General Dynamics' all-cash offer of $67.50 per share after determining it did not have enough information on the views of federal regulators and defense officials to take a position on the Northrop bid. Newport, based in Newport News, Va., also noted its board believes the General Dynamics' deal gives stockholders the opportunity to receive better and more certain value than they would receive under Northrop's cash and stock offer. "We will seek to determine the position of the U.S.

Northrop Grumman Announces Leadership Appointments

Irwin F. Edenzon, vice president and general manager for the Gulf Coast for Northrop Grumman Shipbuilding. Corporation announced two newly created and key positions at its Shipbuilding sector. Matthew J. Mulherin has been appointed sector vice president and general manager of Newport News, and Irwin F. Edenzon has been appointed sector vice president and general manager for the Gulf Coast. They will report to Mike Petters, corporate vice president and president of Northrop Grumman Shipbuilding…

Navy Offers $5.7M Contract to Newport News Shipbuilding and Dry Dock Co.

Newport News Shipbuilding and Dry Dock Co., Newport News, Va., is being awarded a $5.73m modification to previously awarded contract for Planning and Design Yard functions for Standard Navy Valves in support of Nuclear Powered Submarines. Work will be performed in Newport News, Va., and is expected to be completed by September 2008. Contract funds will expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.

NNS Gets $6 Million

Newport News Shipbuilding, Newport News, Va., is being awarded a $5,995,352 cost-plus-fixed-fee modification to previously awarded contract (N00024-02-C-2106) for an additional year of standard Navy valve yard services. Work will be performed in Newport News, Va. Contract funds in the amount of $5,564,456, will expire at the end of the current fiscal year. Work completion date or any additional information is provided on Naval nuclear propulsion program contracts. The Naval Sea Systems Command, Washington, D.C., is the Contracting Activity.

Newport News Awarded $5.6m Contract

Newport News Shipbuilding and Dry Dock Co., Newport News Va., is being awarded a $5.6m cost-plus-fixed-fee, level of effort contract for planning and design yard functions for standard Navy valves in support of nuclear powered submarines. Work will be performed in Newport News, Va., and is expected to be completed by September 2007. The contract, worth $5.6m, will expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.

Northrop Grumman Shakes Up NNS Engineering Dept.

Northrop Grumman Corporation's Newport News sector announced the appointment of Matthew J. Mulherin as sector vice president of the CVNX program, which includes design and engineering work associated with the new class of nuclear-powered aircraft carriers for the United States Navy. Mr. Mulherin, 43, is responsible for program management, engineering, production and planning for the CVNX program. "Matt brings to this position a high level of expertise in the nuclear shipbuilding arena and a good understanding of our customer's objectives in the design and engineering of the future class of carriers," said Thomas C. Schievelbein, corporate vice president and president of the Newport News sector. Prior to this promotion, Mr. Mulherin served as program director, CVNX. Mr.

Dugan Elected Chair of ASA

The American Shipbuilding Association (ASA) announced that Mr. John F. “Dugan” Shipway, President of Bath Iron Works, Bath, ME, has been elected Chairman of the Board of ASA for calendar years 2009 and 2010. Mr. Matthew J. Mulherin, Sector Vice President and General Manager of Newport News Shipbuilding, Newport News, VA, has been elected as the Association’s Vice Chairman. Dugan Shipway joined Electric Boat in July of 2000 as a Special Assistant to the President and was appointed President of Bath Iron Works on April 28, 2003. Prior to joining Electric Boat, he was a career Navy officer, retiring as a Rear Admiral after 35 years of service. He commanded a nuclear attack submarine for more than four years after previously serving on various other submarine platforms.

Northrop Grumman Moves Ahead With Hostile Takeover

Northrop Grumman Corp. started its exchange offer for shares of Newport News Shipbuilding Inc., moving forward with its hostile bid despite Newport's planned merger with rival General Dynamics Corp. Northrop said it would immediately enter negotiations with Newport News if the maker of nuclear-powered aircraft carriers and submarines allowed Northrop to conduct a due diligence review. A spokeswoman for Newport News said the board would review the offer and make its recommendation. A General Dynamics spokeswoman said the company had not yet reviewed Northrop's bid. Northrop's offer gives Newport shareholders the option to receive $67.50 per share in cash or shares of Northrop common stock.

Sen. Lott's Allegiance Lies Within Northrop Grumman

Senate Majority Leader Trent Lott, (R-Miss.), is lobbying the Pentagon to accept Northrop Grumman Corp.'s bid for Newport News Shipbuilding over a competing proposal from General Dynamics Corp., according to a letter released by Northrop on Thursday. In a letter dated May 9 to U.S. Lott's Mississippi district is home to a large shipyard owned by Northrop, and his letter contains some of the same arguments being advanced by the company. In order to wring cost-savings out of its proposed acquisition, Lott argues, General Dynamics will have to shut down some shipbuilding capacity and lay off employees. Lott said Congressional researchers had concluded that the combination of General Dynamics and Newport News would give the merged company 70 percent of all U.S.

This Day in Naval History – Feb. 4

1779 - John Paul Jones takes command of Bonhomme Richard 1959 - Keel laying of USS Enterprise, first nuclear powered aircraft carrier, Newport News, VA (Source: Navy News Service)

This Day in U.S. Naval History – February 4

1779 - John Paul Jones takes command of Bonhomme Richard 1959 - Keel laying of USS Enterprise, first nuclear powered aircraft carrier, Newport News, VA (Source: Navy News Service)  

This Day in Naval History – Feb. 4

1779 - John Paul Jones takes command of Bonhomme Richard 1959 - Keel laying of USS Enterprise, first nuclear powered aircraft carrier, Newport News, VA (Source: Navy News Service)

Northrop Grumman, Newport News Shipbuilding Announce Definitive Merger Agreement

Northrop Grumman Corporation and Newport News Shipbuilding Inc. announced today that they have signed a definitive agreement under which Northrop Grumman will acquire Newport News Shipbuilding. The boards of directors of both companies approved the terms of the transaction in which Northrop Grumman will acquire all the outstanding shares of Newport News. $67.50, subject to certain limitations and proration procedures. Northrop Grumman expects to promptly amend its existing offer documents in order to reflect the merger agreement. Shipbuilding shareholders will have the same right to elect to receive cash or shares of Northrop Grumman stock as described above. Kent Kresa, Northrop Grumman chairman and chief executive officer.

Good Vibes Surround General Dynamics, NNS $2.6B Deal

In a move that could possibly trigger the final slowdown in naval shipbuilding corporate asset consolidation, General Dynamics late last month made a $2.6 billion (a total which includes nearly $500 million of current debt takeover) bid to buy Newport News Shipbuilding. The move — while hardly a shock to defense insiders who have witnessed the proliferation of fewer, larger corporate entities serving the military markets — in essence provides the Pentagon a one-stop shop for the purchase of nuclear submarines and nuclear aircraft carriers. Just two years ago a similar attempt by General Dynamics was thwarted, largely because the bid in 1999 was hostile in nature and because of concerns regarding a monopoly of nuclear newbuilding capability.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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