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Submarine Builder News

18 Mar 2024

US Navy Christens Submarine Idaho (SSN 799)

(Photo: U.S. Navy)

Groton, Conn. submarine builder General Dynamics Electric Boat hosted a christening ceremony for the U.S. Navy's new Virginia-class submarine Idaho (SSN 799) March 16.Idaho is the 26th submarine in the Virginia class, designed for the full range of 21st-century mission requirements, including anti-submarine and surface ship warfare and special operations support. Electric Boat and its partner Newport News Shipbuilding share construction of the Virginia class in a teaming agreement. Idaho is the 13th submarine in the class to be delivered by Electric Boat.The submarine will be the fourth U.S.

06 Oct 2020

Electric Boat Awarded $251 Mln US Navy Contracts

File photo: A U.S. Navy submarine is rolled out of an indoor shipyard facility at General Dynamics Electric Boat in Groton, Conn. (U.S. Navy photo courtesy of General Dynamics)

The U.S. Navy has awarded Groton, Conn. submarine builder General Dynamics Electric Boat two contracts worth $251 million combined.The first is a $215.7 million modification to a previously awarded contract, the cumulative value of which, if all options are exercised, could be more than $1 billion. Electric Boat will provide planning yard, design agent, engineering services and technical support for in-service submarines and submersible systems.The second is a $35.3 million cost…

12 Apr 2019

HII Gets Contract Modification for Virginia-Class Subs

America's largest military shipbuilding company Huntington Ingalls Industries (HII) division Newport News Shipbuilding has been awarded a $727.4mln contract modification from the submarine builder. General Dynamics Electric Boat to continue the procurement of long-lead-time material for Virginia-class submarines.The award provides new funding to an existing contract for long-lead-time material to support construction of Block V submarines. The current contract brings the overall contract value to $1.04 billion.“We are pleased to have received additional advanced procurement funds, which allows us to continue procuring long-lead-time materials and is important to our submarine industrial base of more than 5…

13 Sep 2018

Cachet Covers & a Boy's Fascination with Ships

Photo: Edward Lundquist

Like many boys, Charles. F. “Bud” Kirby, Jr. loved ships. He had drawings, models, pictures, newspaper clippings, and scrapbooks. And, as his son, Don, recently learned, he had cachet covers of submarines.Bud would send stamped envelopes to the Electric Boat Company that he had addressed to himself in Watertown, Mass. These envelopes would be stamped with a commemorative cachet and then appropriately cancelled at Groton, Connecticut, where the EB shipyard was located, or on the ship if it had been commissioned.Each ship has its own post office, and its own cancellation stamp.

03 May 2018

Rhode Island Backs Electric Boat Expansion

(Photo: Rhode Island Commerce Corporation)

The state of Rhode Island announced it will provide $20 million in incentives to General Dynamics Electric Boat to help the submarine builder expand its facilities.The infrastructure investment announced today by Rhode Island Governor Gina M. Raimondo will allow Electric Boat to accelerate the hiring of 1,300 new employees over the next decade as the builder is slated to produce 29 Virginia Class Submarines and 12 Columbia Class submarines for the U.S. Navy.Over the next 10 years…

05 Aug 2016

Workboat Spotlight: Russian Tugs from Pella Shipyard

Courtesy of Pella Shipyard

Russia’s Pella Shipyard advertises a range of five ASD tugs. Their model 90600 has proven popular with customers returning for sister ships. Currently the yards has one of these handy-sized 25.4 by 8.8-meter tugs under construction for the ship and submarine builder JSC Admiralteiskie Verfi. With a long list of design features, including fi-fi capabilities, centralized controls in the wheelhouse and operational reliability in severe ice conditions. This latter provision is enhanced…

30 Mar 2015

Germany Fights for Indian Submarine Contract

German giant ThyssenKrupp Marine Systems (TKMS), the parent company of leading submarine builder HDW, will offer India its HDW Class 214 vessel, with an eye to huge project of Indian Navy for six submarines, reports PTI. TKMS is also in talks with leading shipyards in the country for a tie-up and promising a no-hold barred transfer of technology in line with the Narendra Modi government's 'Make in India' push. The Indian Defence Ministry is expected to issue the P-75I RFP for which TKMS is planning to offer the Type 214 submarine, which combines best-in-class underwater endurance and diving depth, Gurnad Sodhi, Managing Director of TKMS India) said. The HDW Class 214's "proven" fuel-cell based Air Independent Propulsion (AIP) system is the best available on the market, he said.

11 Jan 2002

Money Talks

The American Shipbuilding Association has long bemoaned the level of U.S. Navy funding, arguing that the amount of spending on new ships would, in the future, leave the force woefully under-equipped to handle its duties of defense. Though the ASA is but the lobbying voice of the country's "Big Six" shipbuilders — by consolidation now reduced to, in effect, the Big Two — would be the primary beneficiaries of a spending splurge, it now seems the arguments presented were visionary, as the U.S. enters a gray area in international relations with the recent terrorist attacks in New York and Washington and the resultant war in Afghanistan.

02 Feb 2001

Newport News Reports Flat 4Q Earnings

Military ship and submarine builder Newport News Shipbuilding Inc. on Friday posted flat fourth-quarter earnings, but beat targets in part on a ramp-up in activity on the Virginia-class submarine and a stock buyback that cut the number of shares outstanding. For 2001, the company said revenues would be even with last year, as first-quarter revenues are hurt by submarine volume reported in the last quarter of 2000. Still, per-share profits should grow due to improved margins. Virginia-based Newport News, maker of the world's largest warships, reported fourth-quarter net income of $24 million, unchanged from a year ago. On a per share basis…

02 Feb 2001

NNS Announces $100M Share Buyback

Military ship and submarine builder Newport News Shipbuilding Inc. approved a $100 million share buyback program. The amount of the buyback is equivalent to nearly 6 percent of its shares outstanding based on current market prices. The buyback comes on top of previous share repurchases that have totaled 5.6 million shares since mid-1999.

07 Dec 2005

Electric Boats to Cut 2,400 Jobs

New Haven, Conn.-based submarine builder Electric Boat announced that it would eliminate up to 2,400 jobs, or 20 percent of its 11,800 employees, by the end of next year, citing the declining size of the nation’s submarine fleet and the Navy’s decision to steer repair work to its own shipyards that survived the base closure process, the Boston Herald reports. No decision has been made on the number of layoffs. Most jobs will be cut in Connecticut, but between 500 and 600 will be eliminated from the Rhode Island facility, according to the report. Submarine advocates have been pressing the Navy to boost submarine production from about one to two ships a year. Current projections show the nation’s submarine fleet dwindling from the mid 50s to as low as the 30s.

17 Jan 2003

Northrop Grumman Awarded $34M Contract

Northrop Grumman Corporation's Electronic Systems sector has been awarded a $34 million contract from the U.S. Navy's Strategic Systems Programs (SSP) to adapt the missile tubes of SSBN (fleet ballistic missile submarine) submarines from launching nuclear ballistic missiles to conventional cruise missiles. the Multiple All Up Round Canister (MAC). will be known as the SSGN (guided missile submarine). full-rate initial production of up to four ship sets. more than $150 million. Northrop Grumman Marine Systems. Electric Boat facility in Groton, Conn. weapons system (AWS) to SSP. 22 submarine missile tubes. Tomahawk weapons. and component risk reduction testing. a prototype MAC in January 2003. missions. combat gear to and from hostile shores.

10 May 2001

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.

11 May 2001

General Dynamics Continues Pursuit of Newport News Shipbuilding

Defense contractor General Dynamics said on Thursday that it had notified the U.S. Department of Justice and the Federal Trade Commission of its intent to acquire Newport News Shipbuilding in compliance with antitrust regulations. General Dynamics announced on April 25 that it had signed an agreement to acquire the Virginia-based military ship and submarine builder. The company said it had filed a pre-merger notification in compliance with the Hart-Scott-Rodino antitrust improvements act. Rival defense contractor Northrop Grumman Corp. this week made a counter offer for Newport News, challenging General Dynamics planned $2.1 billion merger.

22 Sep 1999

Celsius To Create Substantial Submarine Builder

Swedish defense group Celsius announced that it was merging unit Kockums Naval Systems with Germany's Howaldtswerke-Deutsche Werft (HDW) to create a leading global player in submarines as the defense sector consolidates. Celsius signed a contract with Babcock Borsig and HDW parent company Preussag, Germany's tourism and industrial group, to form a European shipbuilding company.

24 Sep 1999

Celsius To Create Big Submarine Builder

Swedish defense group Celsius announced that it was merging unit Kockums Naval Systems with Germany's Howaldtswerke-Deutsche Werft (HDW) to create a leading global player in submarines as the defense sector consolidates. Celsius signed a contract with Babcock Borsig and HDW parent company Preussag, Germany's tourism and industrial group, to form a European shipbuilding company. "The merger of these two shipbuilding companies creates the world's strongest builder of submarines, a company with the most advanced technology and a commanding position in the conventional (non-nuclear) submarine sector," Celsius said. Under the agreement, Preussag will sell 25 percent plus one of its HDW shares to Celsius. At the same time, HDW will acquire all shares in Kockums Naval Systems from Celsius.