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Navy/USMC

BWXT Sitting Out Submarine Missile Tube Work Amid 3Q Earnings Boom

Tuesday, November 5th, 2019

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BWXT Sitting Out Submarine Missile Tube Work Amid 3Q Earnings Boom

BWX Technologies [BWXT], trumpeting strong third-quarters results Tuesday, remained non-committal about building more common missile compartment tubes for U.S. naval submarines, beyond those the company is already under contract to make by 2021. After announcing in 2018 that it had botched welds on 12 of the tubes, which were destined for both Columbia- and Virginia-class subs, BWX Technologies no longer expects to make any money on its missile tube contracts with submarine prime General Dynamics [GD] Electric Boat. Under its third…

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]