Navy/USMC
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Business/FinancialNewport News Making Investments For Block III Virginia-Class, Exploring SSBN(X)
By Geoff Fein NEWPORT NEWS, Va.–Although contract award for construction of Block III of the Virginia class submarines is not expected until the end of the year, both General Dynamics […]
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Business/FinancialImproving Processes Helping Northrop Grumman Cut Costs, Schedule For Sub Construction
By Geoff Fein As the Navy and its industry partners prepare to begin building two Virginia-class submarines a year, Northrop Grumman‘s [NOC] Newport News (NGNN) facility is instituting a number […]
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Business/FinancialCVN-77 Delivery Moved To December, Newport News On Track For January Commissioning
By Geoff Fein NEWPORT NEWS, Va.–Delivery of CVN-77, the George H.W. Bush, will be approximately one month late, but Northrop Grumman [NOC] will have the ship ready for the January […]
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Business/FinancialNavy Tells Congress It Wants A DDG-51 In FY ’09, Though No Formal Request Made
By Emelie Rutherford While the Navy’s new destroyer-building proposal to the Office of the Secretary of Defense (OSD) calls for building eight more DDG-51s starting in fiscal year 2010, service […]
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CongressNew Threat Assessment Helped Drive Navy Destroyer Change, Service Tells Hill
By Emelie Rutherford The Navy’s new plan to stop buying DDG-1000 destroyers in favor of older DDG-51 combattants results partly from a threat assessment showing a need for combating foes who […]
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Air ForceHAC-D Deletes FY ’09 DDG-1000 Ship, But Doesn’t Fully Back New Destroyer Plan
By Emelie Rutherford The House Appropriations defense subcommittee’s fiscal year 2009 defense bill includes no money for buying a Navy DDG-1000 destroyer, yet its chairman expressed doubts yesterday about the […]
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Business/FinancialFreedom Performing Better Than Expected, Lockheed Martin Official Says
By Geoff Fein Over the remaining nine days, Lockheed Martin [LMT] and the Navy will put the Freedom (LCS-1) through her paces preparing the vessel for acceptance trials slated to […]
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Business/FinancialNorthrop Grumman Posts Higher Earnings, Sales, Despite Mixed Operating Results
By Calvin Biesecker Northrop Grumman [NOC] yesterday reported solid increases in net income and sales although the higher earnings were driven by lower corporate and pension expenses as three of […]
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Business/FinancialLockheed Martin’s Littoral Combat Ship USS Freedom Begins Builder’s Trials
By Geoff Fein Lockheed Martin’s [LMT] USS Freedom (LCS-1), the first of a new breed of multi-mission Littoral Combat Ships (LCS), began builders trials Monday, nearly two years since she […]
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Business/FinancialRaytheon Working New Proposal For FY ’09 Buy of Tomahawk Block IV Cruise Missile
By Geoff Fein Raytheon [RTN] is currently working on a new offer to the Navy for the company’s Block IV Tomahawk cruise missile, though the new contract will likely not […]