March 19, 2024 | International, Land
EU closer to buying arms for Ukraine with frozen Russian asset profits
The 27-nation bloc is holding about €200 billion (U.S. $218 billion) in Russian central bank assets, most of it frozen in Belgium.
April 29, 2020 | International, Naval
Huntington Ingalls Industries awarded LCS Planning Yard Contract Worth a Potential $107.9 million
Pascagoula, Miss., April 24, 2020 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries' (NYSE: HII) Ingalls Shipbuilding division has been awarded a contract modification to exercise the first option year of the existing Littoral Combat Ships (LCS) Planning Yard contract.
This option has a potential total value of up to $107.9 million for planning yard services in support of in-service LCS class ships.
“Our outstanding and experienced Shipyard Planning Yard team is poised to continue the excellent and efficient execution of this important work for our Navy customer,” Ingalls Shipbuilding President Brian Cuccias said.
The planning yard design services contract will continue to provide the LCS program with post-delivery life-cycle support, which includes fleet modernization program planning, design engineering and modeling, logistics support, long-lead-time material support, and preventative and planned maintenance system item development and scheduling. Unique to this planning yard effort is the requirement to manage the scheduling of all planned, continuous and emergent maintenance and associated availabilities.
About Huntington Ingalls Industries
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: https://www.huntingtoningalls.com
HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries
HII on Twitter: www.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 INFORMATION
Teckie Hinkebein
Manager of Media Relations
(228) 935-1323
teckie.hinkebein@hii-co.com
View source version on Huntington Ingalls Industries: https://newsroom.huntingtoningalls.com/releases/huntington-ingalls-industries-awarded-lcs-planning-yard-contract-worth-a-potential-107-9-million
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May 29, 2023 | International, Aerospace
La chasse ukrainienne va voler avec des missiles air-air offerts par le Canada. - avionslegendaires.net
28 mai 2023, par Arnaud. Ce n'est pas un impressionnant cadeau certes mais il démontre à quel point les liens sont désormais étroits entre le Canada et l'Ukraine. Ce jeudi 25 mai
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December 2, 2019 | International, Aerospace, Naval, Land, C4ISR, Security
CEO of Leonardo: A two–way street benefits everyone
By: Alessandro Profumo Rapid changes are taking place around the world, both at the geopolitical and technological level, which are having an extremely disruptive impact on the defense industry and its customers, namely governments. For its part, technological innovation has reached a pace never seen before. Growing digitalization, big-data processing, robotics, autonomous systems, biotechnology, hypersonics, directed energy: These are just a few examples of innovations that revolutionize industry and governments' approaches to defense and security issues. In some cases, innovations on the commercial side are driving the technological evolution in the defense sector, with increasingly wider applications from a dual-use perspective. There is a real two-way street. The role of government is crucial in developing a long-term investment strategy and identifying the sovereign technologies necessary to maintain a technological advantage over new peers and emerging actors, in symmetric and asymmetric conflicts. Threats to peace and global stability do not solely originate in traditional domains (air, land, sea), but materialize in space and cyberspace, more difficult to protect, as they both lack precise boundaries. Increasing defense spending is a positive signal, especially when coupled with a strong vision and clear objectives aimed at the development of the right capabilities in an international cooperation framework. The national defense industry, as a strategic asset of its own country, must be able to capture technological innovation where it is produced, finding effective ways of accessing new ideas and solutions. Secondly, it must be able to manage the dynamics between long development and production cycles that characterize this sector, and technological innovation's fast pace. The sense of urgency must regard delivering what is needed, when needed, providing the end user with the maximum benefit and anticipating and adapting to changes, while triggering an ever-growing contamination across industries, governments, startups and academia. A deep interconnection between the defense industry and its customers, working in close synergy, facilitates flexible and adaptable structures capable of responding quickly to new and complex emergencies. In this perspective, the closer one works with the customer — throughout the entire product life cycle — the more this reverberates positively at the industry level. The shared awareness rising from this cooperation will enable industry to make wise and focused investment decisions in order to develop products and solutions that best fit future market requirements. Bearing in mind that technology alone is not enough, true success in creating a resilient defense industry also lies in the ability to attract and retain highly specialized human capital as well as involving the supplier base in innovation processes. A shared road map is, therefore, a priority — industry and governments, working together, side by side, committed to building a safer world. Alessandro Profumo is the CEO of Leonardo. https://www.defensenews.com/outlook/2019/12/02/ceo-of-leonardo-a-twoway-street-benefits-everyone