Stock awards worth $7 million helped bump total compensation for C. Michael Petters, president and CEO of Huntington Ingalls Industries Inc., nearly 126 percent, from $5.7 million in 2010 to $12.9 million
The Navy reports that it has issued contract modifications to Lockheed Martin Corporation and Austal USA under their respective littoral combat ship (LCS) block buy contracts to add funding for construction of
The Navy has just gotten $210 million worth of high speed cats for $35 million. The U.S. Maritime Administration reports that it has now transferred the former Hawaii super ferries Huakai and
The U.S. Navy accepted the delivery of missile range instrumentation ship USNS Howard O. Lorenzen (T-AGM 25) Jan. 10. Constructed by VT Halter Marine in Pascagoula, Miss., T-AGM 25 will be the
Germany’s Flensburger Schiffbau Gesellschaft (FSG) reports that it has received an order from a Canadian customer for what, says the shipbuilder, will be one of the world’s most environmentally friendly and innovative
The Bahrain Economic Development Board (EDB) has signed a Memorandum of Understanding (MoU) with Italian shipbuilder Rodriquez Cantieri Navali to establish a manufacturing facility in Bahrain. Rodriquez specializes in the construction of
Shipbuilder Huntington Ingalls Industries, Inc. (NYSE:HII) reports that Chad N. Boudreaux has joined the company as corporate vice president for litigation, investigations and compliance. He will report to Bruce N. Hawthorne, corporate
According to Canadian media reports, a Quebec Superior Court judge has approved a sale of the assets of Levis, Quebec, shipbuilder Davie Yards to Ontario’s Upper Lakes Group for about $28 million.
Lévis, Québec, shipbuilder Davie Yards said yesterday that discussions that would have seen it acquired by Fincantieri are over. “The interested parties have concluded that it is not possible to reach an
STX Europe Holding AS, a wholly owned subsidiary of STX Europe AS, has agreed to sell part of its equity interests in STX OSV Holdings Limited (STX OSV) to investment funds affiliated