Showing posts with label shipbuilding. Show all posts
Showing posts with label shipbuilding. Show all posts

Tuesday, March 5, 2013

US Navy Ship Status Part 2-plus DOD news

All dates are 2012.
Littoral combat ships:
The commissioning ceremony for the USS Fort Worth(LCS 3) was held September 22,2012 in Galveston,Texas.Coronado(LCS 4) was christened January 10 at Austal USA in Mobile,Alabama.The keel-laying ceremony for Jackson(LCS 6) was held October 18 at Austal USA.The construction contract for Little Rock(LCS 9) was awarded to Lockheed Martin on March 16;the same day,the company was awarded the construction contract for Omaha(LCS 11).
Also on March 16,Austal USA was awarded construction contracts for Gabrielle Giffords(LCS 10) and Sioux City(LCS 12).
Amphibious ships:
America(LHA 6) was christened October 20 at Ingalls Shipbuilding in Pascagoula,Mississippi.A construction contract for Tripoli(LHA 7) was awarded May 31 to the company.USS San Diego(LPD 22) was commissioned May 19 at her San Diego home port.
Anchorage(LPD 23) was delivered September 17 from Avondale Shipyard,New Orleans.Arlington(LPD 24) was delivered December 7 from Ingalls Shipbuilding.Somerset(LPD 25) was christened July 28 at Avondale Shipyard.
A construction contract for pre-commissioning unit LPD 27 was awarded to Ingalls Shipbuilding on July 27.
DOD News:
Chuck Hagel was sworn in as Secretary of Defense on February 23,2013 and has attended his first cabinet meeting.He is the first former enlisted man to assume the office.Hagel is a decorated Vietnam veteran of the US Army.
Lockheed Martin was awarded a contract for the next batch of F-35 Lightning II Joint Strike fighters.The company was also awarded a US Navy contract for a long range anti-ship missile.
The Pentagon said all major weapons programs will proceed,regardless of the budget impasse.
Lockheed Martin(LMT),Huntington Ingalls Industries(HII)

Tuesday, February 26, 2013

US Navy Ship Status Report

On December 1,2012,the aircraft carrier USS Enterprise(CVN 65) was inactivated at a ceremony in Norfolk,Virginia.The name of a new ship,which is to be a Gerald Ford class carrier,was announced the same day:Enterprise(CVN 80).
January 20,2012,the submarine USS Memphis(SSN 691) was decommissioned and stricken.The USS Chicago(SSN 721) shifted its homeport from Pear Harbor,Hawaii to Guam on April 19,2012.The USS Mississippi(SSN 782) was delivered from General Dynamics Electric Boat in Groton,Connecticut on May 2,2012 and commissioned on June 2 in Pascagoula,Mississippi.It is homeported at Groton.
The USS Minnesota(SSN 783) was christened October 27 at Huntington Ingalls Industries Newport News Shipbuilding  in Newport News,Virginia,and launched on November 9.
The following names of submarines were announced April 13,2012:Illinois(SSN 786);Washington(SSN 787);Colorado(SSN 788);Indiana(SSN 789);and South Dakota(SSN 790).Delaware(SSN 791) was announced November 19.
The USS Maine(SSN 691) was damaged in an arson fire on May 23 while in drydock at Portsmouth Naval Shipyard in Kittery,Maine.She is being repaired for around 450 million dollars.
The Arleigh Burke class destroyer USS Michael Murphy(DDG 112) was commissioned October 6 in New York and is homeported at Pearl Harbor.The name of  destroyer John Finn(DDG 113) was announced February 15.Fabrication started September 3 at Huntington Ingalls Industries Ingalls Shipbuilding in Pascagoula,Mississippi.
Two other destroyer names were announced February 15,2012:Ralph Johnson(DDG 114) and Rafael Peralta(DDG 115).A construction contract for Thomas Hudner(DDG 116) was awarded February 28,2012 to Bath Iron Works,Maine.The name of Lyndon Johnson(DDG 1002) was announced April 16 and construction was started April 4,also at Bath Iron Works.
The sequestration budget crisis is not expected to halt construction of ships already under contract,according to Mike Petters,President and CEO of Huntington Ingalls Industries.The real question is new contracts such as that for carrier Enterprise(CVN 80).
General Dynamics(GD),Huntington Ingalls Industries(HII)

Tuesday, April 3, 2012

Inside the Industrial Base:Navy Shipbuilder Has Successful Q4-and what they're doing now

Huntington Ingalls Industries,the former Northrop Grumman Shipbuilding,had outstanding earnings in Q4 2011.Alliance Bernstein gave the stock a price target of 51 dollars on margin expansion and transparency.It closed at 40.00 on Tuesday.The nation's sole builder of aircraft carriers,HII has built more ships in more classes than any other firm.
HII anticipates a new contract to build the John F. Kennedy carrier(CVN 79)in 2013.The JFK would be completed in the 2020-21 time frame.The company is already building five other ships to be delivered by 2015.The next 3-5 years are already under contract.By 2015,the firm will be back to normal business after the Hurricane Katrina disruption in 2005.
CEO Mike Petters said 2012 will be a lot like last year,with maybe a little better return because of retiring risk.Our attrition rates are historically low,Mr.Petters added.
HII is preparing to close its Avondale,Mississippi shipyard in 2013 unless it can find a joint venture partner,despite Mississippi's offer of an incentive package worth more than 200 million dollars to keep it open.Avondale's workforce has gone down from 5,000 to 3,300 workers so far.The yard is currently completing its final projects,which are two amphibious assault ships for transporting U.S. Marines and their equipment,the Anchorage(LPD 23) and the Somerset(LPD 25).
Once Avondale closes,the company will have two remaining shipyards at Newport News,Virginia and Pascagoula,Mississippi,respectively.The Gerald R. Ford aircraft carrier(CVN 78)is currently under construction at Newport News.
Huntington Ingalls Industries(HII)

Tuesday, August 31, 2010

Northrop Grumman Distances Shipbuilding

Northrop Grumman,one of the main U.S. shipbuilders,is reflecting on its role as shipbuilder to the U.S. Navy and U.S. Coast Guard.Frankly,the contractor no longer seems to be comfortable with that role.CEO Wes Bush says that shipbuilding has little synergy with Northrop's other activities.He feels it may be time to spin the division off,while the rest of the company focuses on high tech information systems,electronic systems and aerospace systems projects.Shipbuilding may be a bit too boilerplate for Northrop at this point,especially in light of likely defense budget constraints in the offing.
In any event,Northrop is making major moves at its shipyards.It is laying off 642 workers at its Pascagoula,Mississippi shipyard by the end of the year,following a previous layoff of 400;decided to close its Avondale,Louisiana shipyard entirely in 2013;and will also shut its small shipyard in Tallulah,Louisiana down by year's end.The closures are attributed to the timing of contracts and the cyclical nature of shipbuilding.The consolidation will reduce future costs,increase efficiency and address shipbuilding overcapacity,Wes Bush stated.
The company has been promoting its unmanned systems division,as well as its participation in the Navy's CANES,or Consolidated Afloat Networks and Enterprise Services program,which involves moving critical data seamlessly over a common network system through expert integration,making the fleet more agile.
Northrop Grumman(NOC)