Million Contract News

BHIC narrows losses by 84% in 4Q

KUALA LUMPUR (Feb 26): Boustead Heavy Industries Corporation Bhd (BHIC) saw it net loss narrow by 84% to RM4.48 million in the fourth quarter ending Dec 31, 2014 (4QFY14) compared to RM28.06 million in the previous corresponding period, which it attributed to steady progress of the Littoral Combat Ship (LCS) project.Revenue…

BAE Systems' (BAESY) CEO Ian King on Q4 2014 Results - Earnings Call Transcript

ExecutivesSir Roger Carr - ChairmanIan King - Chief Executive OfficerPeter Lynas - Group Finance DirectorJerry DeMuro - President and Chief Executive Officer of BAE Systems, Inc. AnalystsJaime Rowbotham - Morgan Stanley & Co.Christian Laughlin - Sanford C. Bernstein Ltd.Celine Fornaro - Bank of America Merrill LynchRami…

Huntington Ingalls Industries' (HII) CEO Mike Petters on Q4 2014 Results -- Earnings Call Transcript

Huntington Ingalls Industries, Inc (NYSE:HII)Q4 2014 Earnings Conference CallFebruary 19, 2015 09:00 ETExecutivesDwayne Blake - Corporate Vice President, IRMike Petters - President & CEOBarb Niland - Corporate Vice President, Business Management & CFOAnalystsGeorge Shapiro - Shapiro ResearchRobert Spingarn - Credit SuisseDoug…

Harper Government Awards Contract to Extend Life of Coast Guard Vessel Leonard J. Cowley

Work will be carried out in St. John's, Newfoundland and LabradorST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Feb. 18, 2015) - The Honourable Gail Shea, Minister of Fisheries and Oceans, and the Honourable Diane Finley, Minister of Public Works and Government Services, today announced that the Government of Canada has awarded an $8.5 million contract to NEWDOCK St.

Port authority awards £11.95 million quay development contract

Lerwick Port Authority has awarded a £11.95 million contract which will see the quay at Dales Voe South extended to 130 metres long.The Scottish business unit of civil engineering contractor BAM Nuttall has won the contract and the port authority says the developments in Lerwick Harbour will increase the deep-water facilities…
The Navy demonstrated a shipboard laser in a series of tests on the USS Ponce while it was deployed in the Persian Gulf late last year.

Boeing Lands Navy Contract For Laser Weapon Control BA RTN KTOS

Boeing (NYSE:BA) announced a $29.5 million Navy contract to build a control system for shipborne laser weapons. Once the stuff of science fiction, laser systems are being deployed on ships today.The beam control system will focus and hold a laser on a moving target long enough to disable it. Doing that with a ship-based laser is particularly challenging…

Health insurance marketplace deadline extended to Feb. 22; Rolls-Royce address bribery accusation

Health insurance marketplace deadline extended to SundayFederal officials announced Monday that the deadline for uninsured persons to enroll in a health insurance marketplace plan has been extended to Sunday for those who tried but were unable to complete their application by Sunday’s deadline due to the weekend’s lengthy wait time or technical issues such as verifying their income.
USS George Washington (CVN 73) is underway near the island of Iwo To, formerly known as Iwo Jima on Sept. 7, 2014. US Navy Photo

HII Receives Advanced Procurement Award for CVN Washington Refueling and Overhaul

USS George Washington (CVN 73) is underway near the island of Iwo To, formerly known as Iwo Jima on Sept. 7, 2014. US Navy PhotoHuntington Ingalls Industries’ Newport News, Va. shipyard was awarded a $224 million contract modification to start acquiring long lead items and start the planning work on refueling and complex overhaul (RCOH) of USS George Washington (CVN-73)…

Annapolis firm helped find plane that crashed near Jamaica last year

Whenever a plane crashes, Steven Saint-Amour tries to learn as much as he can.It's part of his work as managing director of the Annapolis-based Eclipse Group Inc. One of the marine operations service provider's functions is to help with the recovery of fallen aircraft.Saint-Amour never knows when his firm will be called in…

NGA gets instructional support from BAE Systems

ARLINGTON, Va., Jan. 29 (UPI) -- BAE Systems reports it is to provide mission essential training and instruction support to National Geospatial-Intelligence Agency personnel. Those who receive the training and support under the $43 million contract will be agency analysts and intelligence officers in the United States and abroad.

VIPA pays company $5K/day to idle in V.I. until it gets Crown Bay dredging permits - News

ST. THOMAS - The V.I. Port Authority is paying a dredging company $5,000 a day to keep its equipment in the territory, in hopes the federal permits come through and work can begin on the Crown Bay dredge project.Port Authority Director of Engineering Dale Gregory said if the contractor, Orion Marine Construction Inc., packs up its $4 million worth of equipment and goes back to Jacksonville…

Dredging Lake Peachtree to be completed by May

Fayette OKs $1.44 million project; participation by PTC is still undefinedA small mountain of dirt is about to come out of Lake Peachtree. The dredging project finalized at the Jan. 22 Fayette County Board of Commissioners meeting will remove about 64,000 cubic yards from the lake, County Administrator Steve Rapson told the board.To put that in perspective…
Zacks Equity Research

Will General Dynamics (GD) Beat Earnings Estimates in Q4? - January 27, 2015

General Dynamics Corp. (GD - Analyst Report) is set to release its fourth-quarter 2014 results before the opening bell on Wednesday, Jan 28, 2015. We expect the company to beat expectations when it reports its results.In the preceding quarter, General Dynamics delivered a positive 7.33% earnings surprise. Also, the company…

Energy Markets Buoy U.S. Shipbuilding

Proliferation of energy related transport continues to drive commercial U.S. ShipbuildingAs the United States aims towards energy independence by the end of this decade, domestic shipyards and vessels owners are reaping rewards from this most unexpected turn of events.Hydraulic Fracturing, or fracking, has been the main (and well publicized) culprit in the rapid turn of events.

Christensen Shipyards appears to be struggling financially

Christensen Shipyards, the Vancouver-based builder of custom yachts, appears to be struggling to pay its bills.On Dec. 3, as rumors circulated of a temporary closure and of layoffs, the company issued a statement saying, in part, that it was "currently working on a multipart ownership restructure." At the time, answers were few.Since then…

Big Value in Small Packages

Military appetite for powerful and agile smaller platforms heats up.The use of small craft by terrorist organizations and domestic terrorist cells is a worldwide threat as demonstrated by the bombing of the USS COLE. The attack on Mumbai, India, in November of 2008, brought the danger to the forefront. Nations realized that to combat this asymmetrical small craft threat…

Victoria shipyard industry pace eases but still busy - Business

Planned and potential contracts are painting a bright picture for Victoria Shipyards at Esquimalt Graving Dock, where hundreds of workers are expected to be employed through the year. Although 2013 is not expected to be the blockbuster of 2012, ongoing federal military contracts and the possibility of other jobs are expected to keep an average of 800 workers at the yard…

BAE Systems Awarded £112m Typhoon Contract Extension

The Ministry of Defence has awarded BAE Systems a £112 million contract extension to continue supporting the Royal Air Force's Typhoon fleet.The 15-month extension means that the Typhoon Availability Service (TAS), which delivers Typhoon aircrew and ground training as well as aircraft maintenance, will continue to work…

Seaspan's Vancouver Shipyards Awarded BC Ferries Contract

BY MarEx 2014-03-06 15:56:00 BC Ferries announced that Seaspan’s Vancouver Shipyards has been awarded the $15 million contract for the construction of a new cable ferry to service its route between Buckley Bay and Denman Island.Seaspan’s contract award comes on the heels of a competitive procurement process that…

ABB wins Star Cruises order

Power and automation technology provider ABB is to deliver complete electrical power plants and propulsion systems for two Star Cruises newbuilds, which will be built at the Meyer Werft yard in Papenburg, Germany. As part of the US$60 million contract, ABB will supply each ship with a complete power generation and distribution system…