:

Business/Financial

Shipbuilder HII Acquires Small Business That Makes Unmanned Undersea Craft

By Cal Biesecker

Friday, January 30th, 2015

SHARE:

Shipbuilder HII Acquires Small Business That Makes Unmanned Undersea Craft

ESD's machine shop. Photo: The Columbia Group

Huntington Ingalls Industries [HII], which makes large ships and submarines for the United States Navy and Coast Guard, on Friday said it has acquired a small business unit that designs and builds unmanned underwater vehicles (UUVs) and specialty craft to complement submarine work it does at its Newport News Shipbuilding division.Terms of the deal for the Engineering Solutions Division (ESD) of The Columbia Group were not disclosed. A spokeswoman for Newport News told Defense Daily that Florida-based ESD, which has…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]