Huntington Ingalls Industries
Coverage of Huntington Ingalls Industries in the Nexus archive.
- The US Navy is pouring $76.6 billion into new submarines and the workers it needs to build them
The US Navy is investing $76.6 billion in 14 new submarines, including five Columbia-class ballistic missile submarines and nine Virginia-class Block VI attack submarines, to address workforce needs and strengthen shipbuilding infrastructure. The funding aims to secure continuous production of these submarines amid delays and industrial base challenges.
- Navy awards $76.6 billion for Virginia, Columbia-class submarines
The U.S. Navy awarded $76.6 billion in contracts to build 14 submarines, including five Columbia-class and nine Virginia-class vessels, emphasizing undersea superiority and nuclear triad recapitalization. The Columbia-class, replacing Ohio-class submarines, faces delays despite a 2020 start, while Virginia-class submarines continue replacing Los Angeles-class vessels.
- Newport News Shipbuilding to serve large role in $76.6B Navy submarine contract
The U.S. Navy awarded a $76.6 billion contract to Huntington Ingalls Industries and General Dynamics Electric Boat for building five Columbia-class and Virginia-class submarines. Newport News Shipbuilding, a division of Huntington Ingalls, will play a significant role in this contract.
- Navy awards $76.6B in contracts for new Virginia, Columbia-class subs
The U.S. Navy awarded $76.6 billion in contracts for new Virginia and Columbia-class submarines. General Dynamics Electric Boat and Huntington Ingalls Industries' Newport News Shipbuilding will jointly build the submarines.
- JPMorgan CEO Jamie Dimon says 300,000 workers are needed to rebuild American shipbuilding—with jobs paying $100,000 without a college degree
JPMorgan CEO Jamie Dimon highlighted the need for 300,000 skilled workers in U.S. shipbuilding over the next decade, emphasizing high-paying jobs without college degrees. JPMorgan announced a $24 million investment to expand a submarine facility and workforce training in Philadelphia, while noting challenges in competing with South Korea's shipbuilding efficiency.
- US Navy selects companies for at-sea MUSV prototype testing
The U.S. Navy selected seven companies to compete for the Medium Unmanned Surface Vessel (MUSV) contract, with at-sea testing starting next month. The winning company will receive $15 million and potential follow-on production contracts, as the Navy aims to expand its unmanned fleet sevenfold by 2030.