HII develops unmanned launch and recovery system for amphib ships

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  September 20, 2019 | International, Aerospace

  First European-Built F-35 For The Netherlands Presented

  Being Built For Lockheed Martin By Leonardo Company The first F-35 (009), which will be based in the Netherlands from this fall, was officially presented recently in Cameri, Italy. There, the Italian company Leonardo is building the new fighter plane for manufacturer Lockheed Martin. The Italian aircraft manufacturer has a production line for wings and a final assembly line on which it assembles complete aircraft. State Secretary Barbara Visser and her colleague Mona Keijzer from Economic Affairs and Climate were present at the ceremony. "With the F-35 and later also the MQ-9 Reaper, the Air Force will get the nicest things that others are looking forward to. And it will be a wonderful year for Leeuwarden," Visser said. "In just 49 days, on 31 October, the Air Force will receive this aircraft there. It is fantastic that we work together in Europe to build the aircraft, but also to later maintain it." "A perfect example of how national security and economic affairs go together", Keijzer said. "The F-35 brings prosperity to the Netherlands in defense, economic growth and business innovation." Aircraft "009" will remain in Italy for a few more weeks, including for some test flights. "We accept the aircraft, and will then transfer it to the Air Force as quickly as possible. The less it remains with us, the sooner the user can get started with it," said Director Defense Equipment Organization, Vice Admiral Arie Jan de Waard. In Cameri, Leonardo is building the F-35A for both its own air force and 29 units for the Netherlands. With the distribution of the largest contracts some 10 years ago, it was agreed that Italy would be assembling the aircraft while The Netherlands does the engine maintenance of at least the Italian and Dutch F-35s. That happens at the Woensdrecht Logistics Center, where the European storage location for parts of the F-35 is also located. In Cameri the four main components of an F-35 are assembled. Leonardo itself builds one of those components, the wing section. Part of these is used for the on-sire final assembly process, but the vast majority goes to the Lockheed Martin factory in the United States. There, they are used to assemble aircraft for America, Australia, Denmark, Norway and South Korea, to name a few. For the Netherlands, other F-35s are currently on the production line in Italy at various stages. The next one, the F-010, is expected to also come to the Netherlands this year. The delivery of the final aircraft is now scheduled for mid-2023; The Netherlands will then have 37 aircraft. http://www.aero-news.net/getmorefromann.cfm?do=main.textpost&id=f92e55c3-7e8e-4b56-9a0d-64e829ad8c50

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  April 3, 2020 | International, Naval

  U.S. Navy Selects Huntington Ingalls Industries to Provide Logistics Support for Surface Ships and Submarines

  Newport News, Va., April 01, 2020 (GLOBE NEWSWIRE) - Huntington Ingalls Industries' (NYSE:HII) Technical Solutions division was selected by the U.S. Navy to provide integrated logistics support (ILS) for the hull, mechanical and electrical (HM&E) systems and equipment installed on surface ships and submarines. The indefinite delivery, indefinite quantity (IDIQ), cost-plus-fixed-fee multiple-award contract has a potential value of $41 million over five years, if all options are exercised. “We take great pride in providing our customers around the globe with multiple logistics products and services to help them achieve their missions,” said Brad Mason, president of Technical Solutions' Fleet Support business unit. “ILS development, maintenance and deployment to the warfighter is a critical part of how HII sustains our nation's fleet.” The IDIQ contract was awarded by the Naval Surface Warfare Center, Philadelphia Division, which is responsible for all ILS work related to the HM&E systems and equipment installed on U.S. Navy surface ships and submarines. Under the direction of the Life Cycle Logistics & Readiness Division, HII will execute services related to technical, process and programmatic support for integrated logistics and technical documentation. Huntington Ingalls Industries is America's largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII's Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII's Technical Solutions division supports national security missions around the globe with unmanned systems, defense and federal solutions, nuclear and environmental services, and fleet sustainment. Headquartered in Newport News, Virginia, HII employs more than 42,000 people operating both domestically and internationally. For more information, visit: HII on the web: www.huntingtoningalls.com HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries HII on Twitter: twitter.com/hiindustries Statements in this release, as well as other statements we may make from time to time, other than statements of historical fact, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those expressed in these statements. Factors that may cause such differences include: changes in government and customer priorities and requirements (including government budgetary constraints, shifts in defense spending, and changes in customer short-range and long-range plans); our ability to estimate our future contract costs and perform our contracts effectively; changes in procurement processes and government regulations and our ability to comply with such requirements; our ability to deliver our products and services at an affordable life cycle cost and compete within our markets; natural and environmental disasters and political instability; our ability to execute our strategic plan, including with respect to share repurchases, dividends, capital expenditures, and strategic acquisitions; adverse economic conditions in the United States and globally; changes in key estimates and assumptions regarding our pension and retiree health care costs; security threats, including cyber security threats, and related disruptions; and other risk factors discussed in our filings with the U.S. Securities and Exchange Commission. There may be other risks and uncertainties that we are unable to predict at this time or that we currently do not expect to have a material adverse effect on our business, and we undertake no obligation to update or revise any forward-looking statements. You should not place undue reliance on any forward-looking statements that we may make. Contact: Beci Brenton Beci.Brenton@hii-co.com (202) 264-7143 View source version on GlobeNewswire: http://www.globenewswire.com/news-release/2020/04/01/2010240/0/en/U-S-Navy-Selects-Huntington-Ingalls-Industries-to-Provide-Logistics-Support-for-Surface-Ships-and-Submarines.html

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  October 1, 2020 | International, Naval

  South Korea's Hanjin up for sale

  Jon Grevatt Hanjin Heavy Industries and Construction (HHIC) – one of South Korea's most prominent naval shipbuilders – has announced that the state-owned Korea Development Bank (KDB), its main creditor and largest shareholder, is looking to sell its stake in the company. HHIC, based in Busan, said in a filing to the South Korean stock exchange on 29 September that the KDB has invited bidders to acquire all or part of its 83.45% stake in HHIC, with the aim to finalise a preliminary bidding phase by the end of October. The stake in its entirety is expected to be worth around USD430 million. In a separate statement, the KDB said it plans to sell at least 63.44% of its shareholding in HHIC and to decide on whether to divest the remaining stake before the end of final bidding. It added that its shareholding in HHIC is split across several financial institutions including the KDB itself. Institutions in the Philippines are also shareholders in the company, said the KDB. HHIC has been facing severe economic pressure for several years: a result mainly of a downturn in sales in commercial shipbuilding and construction sectors. In fiscal year 2018, the company's sales increased year-on-year by 3% to KRW1.69 trillion (USD1.44 billion). However, HHIC's losses expanded from KRW278 billion in 2017 to KRW1.32 trillion in 2018. While no HHIC sales figures for the defence sector are available, these are expected to have remained relatively strong. https://www.janes.com/defence-news/news-detail/south-koreas-hanjin-up-for-sale_12630