Naval Nuclear Propulsion

Six senators and 33 House members have signed letters urging key congressional appropriators to pass language allowing the successor to the Navy’s Ohio-class ballistic missile submarine to enter its next development phase. Navy officials have said the Ohio Replacement Program (ORP) must begin detailed design work by January to meet a requirement to conduct the […]

Huntington Ingalls Industries (HII) on Thursday reported lower revenue and operating income in the third quarter of 2016, decreases it attributed in part to lower revenues in shipbuilding programs and lower sales volumes in some contracts. Company revenue fell 6.5 percent, to $1.68 billion, from $1.8 billion during the same quarter last year. Quarterly diluted […]

In a third quarter during which it announced a major acquisition in its commercial nuclear power business, BWX Technologies, of Lynchburg, Va., essentially held steady, registering small gains in revenue amid a slight dip in profit, the company reported late Monday. Overall, BWXT posted quarterly operating income of just over $62 million, down sharply from […]

In a third quarter during which it announced a major acquisition in its commercial nuclear power business, BWX Technologies of Lynchburg, Va., essentially held steady, registering small gains in revenue amid a slight dip in profit. Overall, BWXT on Monday reported quarterly operating income of just over $62 million, down sharply from about $130 million […]

Huntington Ingalls Industries (HII) on Thursday reported lower revenue and operating income in the third quarter of 2016, decreases it attributed in part to lower revenues in shipbuilding programs and lower sales volumes in some contracts. Company revenue fell 6.5 percent, to $1.68 billion, from $1.8 billion during the same quarter last year. Quarterly diluted […]

In a third quarter during which it announced a major acquisition in its commercial nuclear power business, BWX Technologies, of Lynchburg, Va., essentially held steady, registering small gains in revenue amid a slight dip in profit, the company reported late Monday. Overall, BWXT posted quarterly operating income of just over $62 million, down sharply from […]

Marc Selinger Defense Daily The Pentagon plans to conduct a high-level review of the Navy’s Ohio-class replacement submarine program in early November, a key service official said Oct. 26. The Defense Acquisition Board (DAB) meeting, overseen by the Office of the Secretary of Defense, is expected to scrutinize the program’s progress, formally green-light the effort and […]

Marc Selinger Defense Daily The U.S. Navy is in the “very early phases” of exploring what the successor to its Trident II D-5 ballistic missile will look like, a service official said Sept. 22. Navy engineers “have begun evaluating the technology areas that need to be examined” to develop the new submarine-launched, nuclear-armed missile, said […]

BWX Technologies (BWXT) said this week it has appointed James Jaska, Kenneth Krieg, and Barbara Niland, three longtime defense industry leaders, to its Board of Directors as part of the board’s continuing succession planning and refreshment activities. Jaska is president and managing director of Nova Global Services, an operations and advisory firm. He previously oversaw […]

Huntington Ingalls Industries (HII) on Thursday reported lower earnings in its second quarter due to a favorable litigation settlement that inflated the bottom line a year ago, but the company’s operating results were still strong and earnings beat consensus estimates. Net income slid 15 percent to $133 million, $2.80 earnings per share (EPS), from $156 […]

The U.S. Navy plans to award the design contract for the Ohio replacement submarine to prime contractor General Dynamics [GD] Electric Boat by October, a service official said July 8. The Navy received Electric Boat’s proposal for the new ballistic missile submarine in May, and “we are in a very intensive review cycle right now, […]

Huntington Ingalls Industries Newport News Shipbuilding is the midst of making improvements to its yard to support work on the Ford-class aircraft carrier and the Virginia-class and Ohio replacement submarines, but if the Navy continues procuring attack submarines at a two-per-year pace, the company will need to make additional investments, executives said in April. The Navy’s current program […]

The U.S. Naval Nuclear Propulsion Program has awarded contracts to two BWX Technologies (BWXT) subsidiaries to manufacture naval nuclear reactor parts and fuel, the company announced Wednesday. The subsidiaries, Nuclear Operations Group and Nuclear Fuel Services, received the contracts with options worth a total of approximately $3.1 billion; the former is responsible for the reactor […]

The U.S. Naval Nuclear Propulsion Program has awarded contracts to two BWX Technologies (BWXT) subsidiaries to manufacture naval nuclear reactor parts and fuel, the company announced Wednesday. The subsidiaries, Nuclear Operations Group and Nuclear Fuel Services, received the contracts with options worth a total of approximately $3.1 billion; the former is responsible for the reactor […]

Valerie Insinna Defense Daily 4/1/2016 The Navy has named General Dynamics Electric Boat the prime contractor for the Ohio replacement submarine, while Huntington Ingalls Industries Newport News Shipbuilding will take a secondary role in designing and constructing the new boomers, according to a new strategy released this week. Design and construction work will be split 80-20 between Electric Boat and […]

Defense contractor Huntington Ingalls on Thursday reported a slight drop in year-over-year net earnings for its latest quarter but a significant spike in full-year income. Fourth-quarter net income dropped from $52 million in fourth-quarter 2014 to $50 million in the three-month period ending 2015. Conversely, net income rose from $338 million for all of 2014 […]

Defense contractor Huntington Ingalls on Thursday reported a slight drop in year-over-year net earnings for its latest quarter but a significant spike in full-year income. Fourth-quarter net income dropped from $52 million in fourth-quarter 2014 to $50 million in the three-month period ending 2015. Conversely, net income rose from $338 million for all of 2014 […]

Valerie Insinna Defense Daily 12/11/2015 The Navy anticipates building its top priority—the Ohio replacement submarine—during a fiscally austere period where the shipbuilding account will be strapped for cash, but using a special, Defense Department-wide account would give the service new funding mechanisms that could save anywhere from 5 to 10 percent per ship, the Congressional Budget Office […]

The Navy anticipates building its top priority—the Ohio replacement submarine—during a fiscally austere period where the shipbuilding account will be strapped for cash, but using a special, Defense Department-wide account would give the service new funding mechanisms that could save anywhere from 5 to 10 percent per ship, the Congressional Budget Office estimated.   Congress created the […]

Staff Reports Defense Daily 12/4/2015 Some major modernization programs, including the Long-Range Strike Bomber (LRS-B) and Ohio-class nuclear submarine replacement, will be slowed as the Defense Department absorbs a $15 billion cut after fiscal year 2017, the Pentagon’s chief accountant said Nov. 30. Pentagon bean counters are not thrilled with the budget deal passed at the […]

Some major Defense Department modernization programs, including the Long-Range Strike Bomber (LRS-B) and Ohio-class nuclear submarine replacement, will be slowed as the Defense Department absorbs a $15 billion cut after fiscal year 2017, the Pentagon’s chief accountant said Nov. 30. Pentagon bean counters are not thrilled with the budget deal passed at the 11th hour, but […]

Brian Bradley NS&D Monitor 11/6/2015 BWXT should be a “major player” in the next procurement of missile tubes for the Ohio Replacement ballistic missile submarine, which should also provide several opportunities for consolidation of the supplier base, BWXT President and CEO Sandy Baker said Thursday during his company’s quarterly investor conference call. BWXT—then Babcock & […]

Valerie Insinna Defense Daily 10/30/2015 If a yearlong continuing resolution (CR) is enacted, the Navy will pull out all stops to protect the Ohio replacement program and keep it on schedule, but not all programs will be as lucky, a top Navy official said last week. One casualty would be the heavyweight MK 48 torpedo production […]

IN THE NAVY The National Nuclear Security Administration’s Naval Nuclear Propulsion Program has awarded BWX Technologies’ (BWXT) Nuclear Operations Group an undisclosed number of contracts worth $34.5 million for nuclear reactor component manufacturing for U.S. submarines and aircraft carriers. Work is already under way, the company said this week, and most of it will be done over the […]

The National Nuclear Security Administration’s Naval Nuclear Propulsion Program has awarded BWX Technologies’ (BWXT) Nuclear Operations Group an undisclosed number of contracts worth $34.5 million for nuclear reactor component manufacturing for U.S. submarines and aircraft carriers. Work is already under way, the company said yesterday, and most of it will be done over the next two years at […]

Brian Bradley NS&D Monitor 09/25/2015 Funding the $100 billion Ohio Replacement (OR) amid an austere federal budget environment is the leading challenge facing new Chief of Naval Operations Adm. John Richardson, according to House Armed Services Seapower and Projection Forces Subcommittee Ranking Member Joe Courtney (D-Conn.). Richardson will need to provide “thoughtful and creative solutions” […]

Funding the $100 billion Ohio-class Replacement (OR) amidst an austere federal budget environment is the biggest challenge facing new Chief of Naval Operations Adm. John Richardson, and House Armed Services Seapower & Projection Forces Ranking Member Joe Courtney (Conn.) is looking for new Chief of Naval Operations Adm. John Richardson to provide “thoughtful and creative […]

Brian Bradley  NS&D Monitor  8/7/2015 The concurrent timeline for building the Ohio Replacement ballistic missile submarine will impact the industrial base for the smaller Virginia-class fast-attack submarines, and Huntington Ingalls Industries is talking with the government about how to best complete concurrent work on both vessels as efficiently as possible, HII CEO Mike Petters said […]

Brian Bradley  NS&D Monitor  7/31/2015 The Ohio-class Replacement (OR) was one of two main drivers for General Dynamics’ 5.5 percent revenue increase from the second quarter of fiscal 2014 to the second quarter of fiscal 2015, as sales rose from $7.5 billion to $7.9 billion, company officials said this week. GD CEO Phebe Novakovic said […]

Valerie Insinna Defense Daily  7/31/2015 Adm. John Richardson, President Barack Obama’s nominee to become the next chief of naval operations (CNO), told senators yesterday that the planned design requirements for the Ohio-class Replacement submarines are “exactly what we need.” Speaking to the Senate Armed Services Committee during his confirmation hearing, he specifically cited the ship’s […]