• 2019 February 3 13:28

    HII secures $15.2bn block contract for two Ford-class aircraft carriers

    For the first time in more than three decades, Huntington Ingalls Industries’ (NYSE:HII) Newport News Shipbuilding division was awarded a multi-ship contract from the U.S. Navy to build two aircraft carriers. The company said that it received a contract modification valued at $15.2 billion for the detail design and construction of the Gerald R. Ford-class aircraft carriers Enterprise (CVN 80) and CVN 81, which has not yet been named.

    This historic contract award is a significant step toward the company’s designing and building the next-generation of aircraft carriers at the best value for the nation and is a defining moment in the history of the sole builder of nuclear-powered aircraft carriers.

    The Navy’s decision to partner with HII to create the best acquisition approach will save more than $4 billion across the program.

    “Today’s announcement is a triumphant step toward returning to a 12-ship aircraft carrier fleet and building the 355-ship Navy our nation needs,” said Jennifer Boykin, president of Newport News Shipbuilding. “Most importantly for us, it provides stability into the year 2032 for our workforce and for our supplier businesses across the United States.”

    The construction of Enterprise, which began in 2017, and CVN 81 will be completed at the company’s Newport News Shipbuilding division. The ships are scheduled to be delivered in 2028 and 2032, respectively.

    Buying two aircraft carriers will stimulate Newport News’ aircraft carrier supplier base of more than 2,000 suppliers in 46 states, allowing businesses to phase in work more efficiently. These benefits will help accelerate production, enabling the company to build aircraft carriers every three to four years.

    To support the contract, the company is making investment in facilities and will continue its digital transformation efforts.

    “This contract award is something we should celebrate, and it is also something we should never take for granted,” Boykin said. “We have the responsibility to leverage the investments we are making in our workforce, the facility and in digital shipbuilding to become smarter, better, stronger. It is more important than ever that we execute efficiently and transform our business operations so that we leave a lasting legacy of our own.”

    The strategy comes as a result of extensive collaboration with the Navy to reduce cost and drive efficiencies. The approach is not new, however. The Navy achieved substantial cost savings in 1980s when it used the procurement strategy to purchase the Nimitz-class aircraft carriers USS John C. Stennis (CVN 74) and USS Harry S. Truman (CVN 75) and USS Abraham Lincoln (CVN 72) and USS George Washington (CVN 73). The four ships were built by Newport News.

    This contract modification comes after previous contract awards for the advance procurement and advance fabrication of Enterprise, starting in May 2016.

    “History has its eyes on Newport News Shipbuilding, and today is a great reminder that we are all part of something much greater than ourselves,” Boykin said. “I could not be more proud of our shipbuilders and excited for our future.”

    About Huntington Ingalls Industries
    Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division provides a wide range of professional services through its Fleet Support, Mission Driven Innovative Solutions, Nuclear & Environmental, and Oil & Gas groups. Headquartered in Newport News, Virginia, HII employs more than 40,000 people operating both domestically and internationally.




2019 October 15

18:37 MOL conducts tabletop drill based on an incident simulation involving containership
18:07 Fincantieri announces delivery of the fourth Royal Princess class ship at the Monfalcone shipyard
17:55 Tatarstan and Gazprom sign action plan for implementation of pilot project on using LNG powered ships
17:36 Keppel delivers fourth jackup rig to Borr Drilling
17:06 Maritime and Port Authority of Singapore revokes Inter-Pacific Petroleum Pte Ltd’s bunker craft operator licence
16:49 Hudson Shipping Lines joins the Trident Alliance as a member
16:26 PGNiG: a new oil and gas discovery in the Norwegian Sea
15:32 Port of Kiel announces conclusion of cruise season with turnover of cruise passengers having grown by 33.6% YoY
15:04 TechnipFMC awarded subsea contract for PetroVietnam Gas’ Nam Con Son 2 Phase 2 Gas pipeline development in Vietnam
14:35 Deltamarin provides RMC with design services for the Tallink ferry project
14:31 Port of HaminaKotka and Steveco jointly constructed pulp terminal in Kotka’s Mussalo Harbour
13:57 Shore power to improve air quality and reduce noise in Port and City of Tallinn
13:20 “Wind Barriers at the Freeport of Riga” project receives Annual Riga Architecture Award
12:54 Krasnoye Sormovo delivers Pola Pelagia, yet another dry cargo carrier of Project RSD59
12:18 Bunker prices are flat at the Far East ports of Russia (graph)
11:55 Khabarovsk Shipyard launched pontoon dock gate for city protection against floods
11:09 Amendments to IMO's Ballast Water Management Convention enter into force on 13 October 2019
10:56 Trade Port Posiet handled 4.4 million tonnes of cargo in 9M’2019, up 4% YoY
10:37 World Maritime University delivered its Maritime Business Integrity and Corruption Awareness Seminar
10:09 Hapag-Lloyd announces rates from East Asia to North Europe and Mediterranean
09:38 Brent Crude futures price is down 0.76% to $58.9, Light Sweet Crude – down 0.67% to $53.23
09:32 MABUX: Bunker market this morning, Oct 15
09:22 Baltic Dry Index is down to 1,916 points
09:14 Jan De Nul helps to boost Mauritania’s iron ore export
08:59 CMA CGM announces FAK rates from Asia to North Africa

2019 October 14

18:06 Neptune Energy acquires North Sea assets from Energean
17:57 Rosatom set to have its plan for development of NSR infrastructure till 2035 to be approved by RF Gov't before year end
17:35 2020 Bulkers enters into a time charter agreement for Bulk Shanghai
17:21 Bronka port to handle cargo of up to 500 tonnes
17:05 CMA CGM announces FAK rates from Asia to the Mediterranean
16:50 Names given to first two super trawlers of Russian Fishery Company
16:35 Sasol invests in first South African-owned chemical tanker through Nduna Maritime
16:05 Norsepower signs service agreement with Wärtsilä to strengthen global wind propulsion service network
15:53 Teekay Corporation announces 3.5-year contract for the Hummingbird Spirit FPSO
15:42 Mexico sets high priority on IMO legal conventions
15:13 Rotterdam container placed on ‘Noah’s Train’
14:15 Philippine Ports Authority hires additional port police personnel
13:56 Some services in Russian ports to be excluded from the list of regulated services
13:11 Journey to 2050, Decarbonization, Digitalization and the Future of Safety Debated at ABS Taiwan Committee
12:38 Average wholesale prices for М-100 HFO down to RUB 12,473 in RF spot market
12:15 Cunard and Fincantieri start the construction of new cruise ship
11:22 IMO’s training workshop on handling of dangerous goods held in San José, Costa Rica
11:00 MARSA App to improve marine traffic and vessel service management for vessels calling at Abu Dhabi Ports
10:09 Greek Committee of Planning and Development of Ports approves € 611.8 mln investment plan for port of Piraeus
09:57 North Sea Port on course for new annual record
09:34 Brent Crude futures price is down 0.51% to $60.2, Light Sweet Crude – down 0.59% to $54.38
09:16 Baltic Dry Index is down to 1,924 points
09:00 Rederij de Jong team up with Wouter Kleiss and Mathijs van Schaik to form new company in the Port of Rotterdam
08:58 LR celebrates twenty years of leadership in naval classification
08:23 MABUX: Bunker Market this morning, Oct 14

2019 October 13

16:12 DHS, USCG extend limited contract relief for Offshore Patrol Cutter
15:39 CMA CGM to implement PSS for Douala, Cameroon
14:33 Okeanis Eco Tankers announces acquisition of Suezmax newbuilding duo
13:42 Pentland Ferries' new ship arrives to deliver most environmentally-friendly ferry service in Scontland
11:22 Global Energy to take over long-term operation of Nigg Oil Terminal
10:56 ICE announces new milestones in TTF and JKM trading

2019 October 12

16:35 HII expands Shipbuilder Academy program
14:29 Robert Allan design of two fire-floats delivered to Bangladesh shipyard
12:23 POSH announces acquisition of equity stake in Dolphin's Pacific Workboats
11:41 Sea trials begin for the second CCG's Offshore Fisheries Science Vessel built at Seaspan's Vancouver Shipyards