Navy awards $76.6B in contracts for new Virginia, Columbia-class subs
General Dynamics Electric Boat and HII’s Newport News Shipbuilding jointly build the Virginia and Columbia-class submarines.
General Dynamics Electric Boat and HII’s Newport News Shipbuilding jointly build the Virginia and Columbia-class submarines.
Aaron Mehta and Diana Stancy share highlights from the second day of the Navy League's annual conference.
“We’ve got to get through all the first of class — I’m going to call them hiccups — because there’s going to be things we learn because we’ve never operated it before,” Vice Adm. Robert Gaucher said.
Secretary of the Navy John Phelan said that the public-private arrangement is a “novel transaction” that ensures the service is investing in “outcomes, not promises.”
The first Columbia-class submarine is approximately 65 percent complete and is expected for delivery in 2028.
The continuing resolution does not include $3.9 billion requested by the White House for the Columbia-class submarine, but gives funding flexibility to other key programs.
The bill extends government funding until mid-March.
Lawmakers say the Navy's "lack of communication" leaves them with few options that will fix the problems at hand.
In a note to investors, J.P. Morgan analyst Seth Seifman said the company's third quarter results and withdrawal of its cash flow guidance was "a worse outcome than we expected."
As post-COVID-19 supply chain issues persist, General Dynamics Electric Boat has "outpaced" some key suppliers, forcing out-of-sequence work that's driving up costs and delaying construction.
Watch experts discuss foreign influence risks, evolving DoD policy, and strategies for balancing security with scientific collaboration.
Congress has about a week to pass a stopgap funding bill by the end of Sept. 30, when FY 2024 ends and government money runs out.
The Navy's two major submarine programs would both face setbacks.
The conservative Heritage Foundation presented the new report as a potential draft Nuclear Posture Review for the 2025 presidential administration.
Pappano's years of experience in working with the submarine industrial base will likely be crucial to helping the service's senior civilian work through AUKUS.