industrial base

Reps. Michael McCaul (R-Texas) and Gabi Amo (D-R.I.) on Friday introduced legislation to exempt entities already approved for AUKUS work from another Foreign Military Sales requirement, matching a bill introduced […]

AeroVironment, Inc. [AVAV] announced a new strategic partnership with Sierra Nevada Corporation (SNC) on Thursday during the annual Space and Missile Defense Symposium in Huntsville, Ala., focused on potential air […]

The American shipping subsidiary of South Korean industrial conglomerate Hanwha in July ordered a liquified natural gas (LNG) carrier from a fellow subsidiary, Philly Shipyard, as part of its effort […]

PHILADELPHIA – The Philly Shipyard’s new Korean owners plan to boost the workforce numbers, use several new technologies, and add new capabilities to help it dramatically increase the production rate. […]

PHILADELPHIA – The new South Korean owner of the Philly Shipyard is looking at a combination of internal and government-funded yard improvements to boost production from the current 1-1.5 ships per […]

Italy’s shipbuilder Fincantieri appointed George Moutafis as the next CEO of U.S. subsidiary Fincantieri Marine Group (FMG), effective July 1. Moutafis succeeds Marco Galbiati, who had served as CEO since […]

Navy officials on Tuesday told the Senate Appropriation’s defense subcommittee that SM-3s are being used quickly and that the administration is still considering building U.S. Navy ships outside the U.S. to […]

South Korean conglomerate Hanwha Group on Monday announced a U.S. regulatory body approved the potential for it to significantly increase its equity position in Australia’s Austal, which builds naval vessels […]

The Secretary of the Navy Tuesday said the government should consider having the two submarine shipbuilders compete on the next version of the Virginia-class attack submarine (SSN). “I think in […]

The House Appropriations Committee’s defense subcommittee wants to continue bolstering the shipbuilding and maritime industrial base by providing it with over $3 billion in funds according to the committee’s draft […]