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Navy/USMC

Reactor Builder Says Only One Virginia Sub In FY ’21 Could Hit Bottom Line

Tuesday, February 25th, 2020

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Reactor Builder Says Only One Virginia Sub In FY ’21 Could Hit Bottom Line

The future USS Indiana (SSN-789), a Virginia-class submarine, is launched into the James River and moved to a submarine pier for final outfitting, testing, and certification. (Photo: Huntington Ingalls Industries)

The Navy’s only manufacturer of nuclear reactors, BWX Technologies [BWXT], said if the Navy only procures one Virginia-class attack submarine in FY 2021 as requested, it could cause a financial hit to the company. President, CEO & Director of BWX Technologies Rex Geveden said in quarterly earnings call with analysts that while there is a “long way to go on getting from a President’s budget request to an appropriated program” they are “extremely vigilant” on the Virginia issue. “If that…

Congress

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Congress

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Congress

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House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]