WRAP UP: IN CONGRESS, IN THE INDUSTRY

NS&D Monitor
3/28/2014
IN CONGRESS
A Senate Armed Services Strategic Forces Subcommittee hearing scheduled for this week was postponed and is likely to be rescheduled for early April. Acting National Nuclear Security Administration chief Bruce Held was scheduled…

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Huck selected as NNSA Savannah River field office manager

Betty Huck has taken over as manager of the National Nuclear Security Administration’s Savannah River Field Office, overseeing more than $2.9 billion in annual contracts at the South Carolina site, according to a Nov. 2 press release.
Huck succeeds Michael Mikolanis…

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Shipbuilding propels General Dynamics to strong third quarter

General Dynamics (GD) last week reported strong sales and earnings in the third quarter led by the company’s shipbuilding business followed by the Aerospace segment, the company said on its quarterly earnings call.
Overall, in the quarter, GD’s net income rose…

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Navy to consider SMRs at the Naval Weapons Crane

The United States Navy has selected its Naval Weapons Stations in Crane, Ind. to support large-scale advanced nuclear power generation at the naval installation.
Acting Secretary of the Navy Hung Cao announced on Oct. 28 at the 5th annual Northeast Indiana Defense…

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BWXT has strong third quarter due to Janus and other contracts

Earnings rose at Lynchburg, Va.- based BWX Technology (BWXT) in the third quarter, which the company attributed to trends in energy security challenges requiring nuclear solutions.
Net earnings for the third quarter ended were $102 million, or $1.11 a share, up…

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Shipbuilding leads HII to strong third quarter

Huntington Ingalls Industries (HII) reported strong third quarter financial results driven by strong shipbuilding sales, profit on the Virginia-class attack submarine program, and milestones achieved in unmanned maritime systems.
Net income soared 50% to $217 million,…

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