VT Halter Marine Wins $745 Million Icebreaker Contract

Yesterday, the U.S. Coast Guard and U.S. Navy awarded VT Halter Marine Inc., Pascagoula, Mississippi, a contract for the Detail Design and Construction of the Coast Guard’s lead Polar Security Cutter (PSC).  The initial award is valued at $745.9 million and supports non-recurring engineering and detail design of the PSC class as well as procurement of long lead-time … [Read more...]

U.S. Navy Awards $15 Billion Contract for Construction of New Ford-Class Aircraft Carriers

WASHINGTON, Jan 31 (Reuters) - The Pentagon said on Thursday it awarded Huntington Ingalls Industries Inc a $15.2 billion contract to build two nuclear-powered aircraft carriers. The U.S. Navy told lawmakers in December it intended to pursue a block purchase of two Ford-class aircraft carriers, a step officials have said could save billions of dollars as the Trump … [Read more...]

U.S. Navy Seeks $30 Million to Fix Gear That Hobbled its New Gerald R. Ford Supercarrier

By Tony Capaccio (Bloomberg) -- The Navy is asking Congress to shift $30 million from other accounts to start repairing a damaged gear on the service’s costliest warship, the Gerald R. Ford aircraft carrier. The request for funds to repair the $13 billion carrier is part of a Pentagon package asking congressional approval to shift $4.7 billion in previously approved Army, … [Read more...]

Navy Busts $12.9 Billion Spending Cap On Supercarrier

by Tony Capaccio (Bloomberg) The US Navy’s costliest vessel ever just got pricer, breaching a $12.9 billion cap set by Congress by $120 million, the service told lawmakers this week. The extra money for the U.S.S. Gerald R. Ford built by Huntington Ingalls Industries Inc. is needed to replace faulty propulsion components damaged in a January failure, extend the vessel’s … [Read more...]

U.S. Could Reach 355 Ship Navy in 2030s -Official

By Mike Stone WASHINGTON, April 12 (Reuters) - The U.S. Navy could build its strength to 355 ships over a decade earlier than previously thought due to an increased shipbuilding budget and tempo as well as extending the service for some ships in the current fleet, a Pentagon official told a Congressional panel on Thursday. The goal of a larger Navy, one of President Donald … [Read more...]