Newport News Shipbuilding Bags US Navy Submarine Contract
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…
DSME Gets Fresh $6B Bail Out
Korea's battered Daewoo Shipbuilding & Marine Engineering (DSME) is all set to receive a new bailout package worth $6 billion, after court rejected appeal from a group of individual investors. According to Pulse news, government-led bailout package that required all creditors and bondholders to agree to push back the maturity, lower borrowing rates, and convert debt into equity according to their share had been put on hold as some of the individual investors appealed to a Busan court.
Sungdong Wins Tanker Order
South Korea's Sungdong Shipbuilding won an order for seven mid-sized tankers, including two as an option, from a Greek shipowner, reported Korea Economic Daily. It has been more than one year that the Korean mid-sized shipyard to receive a newbuilding contract. Sungdong Shipbuilding signed a deal with Greece’s Kyklades Maritime to build five 115,000-ton tankers in firm order and two more in option. The per-ship newbuilding price is estimated at US$44 million. The report said…
Steven Palazzo Visits HII, Newport
Huntington Ingalls Industries today hosted Rep. Steven Palazzo, R-Miss., for a tour of the company's Newport News Shipbuilding division. Palazzo represents the fourth district of Mississippi, which includes Newport News' sister shipyard, Ingalls Shipbuilding. The visit provided an opportunity for Palazzo to see nuclear shipbuilding at Newport News and understand the value that Mississippi suppliers contribute to ship construction in Newport News. Palazzo's visit included a tour of aircraft carrier Gerald R. Ford (CVN 78), which is about 85 percent complete and scheduled for delivery in 2016.
Shipbuilding Rebound Due in 2014
According to a report on Yonhap News, South Korea's shipbuilding industry will possibly start to turnaround in 2014. The news agency cited findings from the BOK report forecast that the SBI (the shipbuilding business index) will rise to 98.87 points and 98.89 points in the first and second quarters of 2014, respectively, after hitting 98.85 points, the lowest in the past several years, in the last three months of 2013. The global shipbuilding market has contracted gradually since 2007, when the shipbuilding business index (SBI) reached 103.21 points.
Newport News to Host JAMF Ground-breaking Event
Huntington Ingalls Industries' Newport News Shipbuilding subsidiary will hold a ground-breaking ceremony for its new Joint Manufacturing and Assembly Facility (JMAF) on Monday, June 22. Slated to open in 2017, the JMAF will support the builder’s Gerald R. Ford-class aircraft carrier construction and current and future Virginia-class submarine construction programs and is designed to include multiple worksites, advanced technology, automated equipment, heavyweight cranes, large transportation doors and specialty paint bays to enable more efficient construction processes, the shipbuilder said.
Newport News Shipbuilding Rings in 130 Years
Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division kicked off its 130th anniversary celebration January 28. Newport News, the sole designer, builder and refueler of U.S. Navy aircraft carriers and one of two providers of U.S. Navy submarines, will celebrate the anniversary throughout 2016 with commemorative videos and employee publications. More than 100 local businesses, museums, schools and civic leaders provided congratulatory video messages that will be released each week throughout the year.
Korea's STX Offshore Gets Emergency Loans
Creditors of the ailing shipbuilder agree to provide STX Offshore with (US$540 million) in emergency loans. The news is cited as coming from the main creditor bank and is reported by the Yonhap News Agency. STX Offshore, the shipbuilding unit of STX Group, a South Korean shipping and shipbuilding conglomerate, has been suffering a credit crunch as demand for new ships has fallen sharply in the past few years. Source: Yonhap News Agency
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.
US Shipbuilder Receives Environmental Awards
Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division receives HRSD gold awards. NNS received gold awards for meeting industrial waste water discharge limits mandated by Hampton Roads Sanitation District (HRSD) and for meeting HRSD's technical and administrative requirements. Gold awards were presented to local companies for perfect permit compliance in 2012 and NNS has earned recognition from the HRSD every year since the awards were first presented in 1994.
Newport News Shipbuilding Hosts Sen. Inhofe
Huntington Ingalls Industries (HII) today hosted Sen. James M. Inhofe, R-Okla., for a tour of the company's Newport News Shipbuilding division. The senator, a military veteran, also met over breakfast with sailors from Oklahoma serving aboard the aircraft carriers USS Abraham Lincoln (CVN 72) and Gerald R. Ford (CVN 78). Ford is under construction at Newport News and scheduled for delivery to the U.S. Navy in 2016. Lincoln is undergoing a refueling and complex overhaul (RCOH) at the shipyard until 2016.
Virginia Leads US in Shipbuilding Jobs
The American Maritime Partnership (AMP) today joined with the Shipbuilders Council of America (SCA), Senator Tim Kaine (D-Va.), Congressman Rob Wittman (R-Va.) and Congressman Robert C. “Bobby” Scott (D-Va.), to highlight new data that shows Virginia ranks first among all U.S. states in shipbuilding with 63,650 jobs, far and above any other state. These jobs pump more than $5.5 billion into Virginia’s economy every year. The U.S. shipyard industrial base in Virginia and across the nation is vital to America’s national and economic security. Private U.S.
Amin Named VP, CIO at Newport News Shipbuilding
Bharat Amin has been appointed vice president and chief information officer for the Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division, the company announced. In his new position, Amin will oversee the shipyard's strategic direction and will have day-to-day leadership over all information systems at Newport News and the HII corporate office. Amin will assume his new position on Dec. 15 and transition into the job with the help of Leni Kaufman, who will retire from the position on Dec. 31 after 35 years of service that began with Northrop Grumman.
Newport News Shipbuilding Celebrates 125th
Huntington Ingalls Industries announced today that its Newport News Shipbuilding (NNS) division has partnered with The Mariners' Museum to share the shipyard's history through a collection of 51 photographs. The exhibit, named "Always Good Ships," will be open to the public Aug. 6 through Oct. 31. "We are excited to partner with The Mariners' Museum to recognize our shipbuilders and the important role they play in our community and in the security of our nation," said Matt Mulherin, president of NNS.
Nine HII Employees Honored
Huntington Ingalls Industries (NYSE:HII) announced today that nine employees from its Newport News Shipbuilding and Ingalls Shipbuilding divisions were recognized for achievements in the fields of science, technology, engineering and math (STEM) during the 27th annual Black Engineer of the Year Award STEM Global Competitiveness Conference. This year's conference is being held at the Washington Marriott in Wardman Park through Saturday. Theodore A. Bush is an electrical engineer at Ingalls Shipbuilding.
Newport News Names Dunn VP of Communications
Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division has promoted Jennifer Dunn to vice president, communications, effective immediately. She will report directly to HII Executive Vice President and Newport News Shipbuilding President Matt Mulherin and align all external communications with Jerri Dickseski, HII’s executive vice president, communications. Previously serving as director, communications, for Newport News, in this new role Dunn will continue leading the development and execution of the shipyard’s communications strategy to include special events…
Federal Dollars for Charleston Harbor Deepening
The Charleston Harbor Deepening Project was named one of six “new starts” and received $17.5 million in construction funding in the U.S. Army Corps of Engineers (USACE) Fiscal Year 17 Work Plan released today, allowing construction on the project to begin this fall as scheduled. Charleston also received $16.1 million in operations and maintenance dollars, which provide for the routine maintenance dredging of the harbor necessary for construction begin. Collectively the funds allocated in the Work Plan allow Charleston to continue moving forward and preparing for construction.
Newport News Fosters Home-grown Talent
Newport News’ Apprentice School seeks to go beyond training workers; it seeks to build leaders. The Apprentice School at Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division offers an invaluable educational and career opportunity for those seeking a profession in shipbuilding, but the school’s benefits extend much further than that. Within the HII business, the company uses the program to groom its apprentices for leadership roles within its managerial and corporate ladder.
Ailing Korean Shipbuilders to Get Huge Cash Injection
Creditors are expected to inject 800-billion Won (US$ 730-million) into STX Group during 2013, according to Yonhap News Agency. Creditors of STX Group will likely pump at least 800 billion won (US$730 million) into the troubled shipbuilding conglomerate in a bid to keep it afloat, an unnamed source has informed Yonhap News Agency. STX Group's troubled holding company, STX Corp., and two affiliates requested main creditor Korea Development Bank to supply liquidity in return for its voluntary debt-relief and restructuring efforts. Source: Yonhap News Agency
NNS Stacks Office with Food Christmas Trees
Newport News Shipbuilding employees donate food for the poor at Christmas, filling offices from desk to door. Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division donated more than $23,500 and more than 31,000 pounds of non-perishable food to the Virginia Peninsula Foodbank during the shipyard's annual holiday food drive. "We are fortunate to employ an extraordinary group of people at Newport News Shipbuilding," said Chavis Harris, NNS' director, EEO, diversity and corporate citizenship.
US Rep. Crenshaw Visits Newport News Shipbuilding
Shipbuilder Huntington Ingalls Industries (HII) hosted Rep. Ander Crenshaw (R-Fla.) Tuesday for a tour of the company's Newport News Shipbuilding division. Ken Mahler, Newport News' vice president of Navy programs, joined Crenshaw for the visit, which included a tour of the aircraft carrier Gerald R. Ford (CVN 78) and discussions about increased efficiencies and construction progress on Ford and John F. Kennedy (CVN 79). Crenshaw also visited a submarine construction facility…
HII Employees Honored for STEM Achievements
Huntington Ingalls Industries (HII) announced that 20 employees from the company’s Newport News and Ingalls shipbuilding divisions were recognized for achievements in science, technology, engineering and math (STEM) during the 21st annual Women of Color STEM Conference. Huntington Ingalls Industries was among the corporate sponsors that supported this year’s event, which was held October 13-15 in Detroit. Vannia Willis, an 18-year engineering veteran at Newport News, was presented a Community Service Award…