November 15, 2023 | International, Aerospace
UAE, Korea Aerospace Industries enter talks for KUH-1E helicopter buy
The United Arab Emirates is negotiating the purchase of South Korean helicopters, with the aim of signing a deal by year’s end.
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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September 18, 2020 | International, Aerospace, Naval
The US Navy is short almost 100 fighter pilots
David B. Larter WASHINGTON — A rash of technical and safety problems has left the U.S. Navy's fleet short by about 90 fighter pilots. Fixing the issue is an uphill battle, a top aviator said last week. The Navy has seen a slew of issues, including problems with the oxygen flow to the pilots causing negative and unsafe physiological responses in pilots and trainees, as well as readiness and engine trouble with aircraft. All of this has extended the time it takes to create a fighter pilot from three to four years, and the issues have created a gap in the number of pilots in the fleet, naval air training chief Rear Adm. Robert Westendorff said at a virtual Tailhook symposium on Saturday. “We can't just snap our fingers and produce those immediately. The time to train of a strike fighter pilot is about three years; due to the bottlenecks we've had, its getting closer to four years,” Westendorff said. “We're doing everything we can to get that back down to the three-year mark. But the recovery plan is a three-year plan. And if we stay on track, it should take us about three years.” An issue with the T-45′s engines “dramatically reduced” the availability of the aircraft this year, but the program is getting back on track, Westendorff said. Additionally, the general shortfall of F/A-18 Super Hornets throughout the fleet has impacted training, but Naval Aviation has been focused on bringing those numbers back up in recent years by fixing jets unable to fly for mechanical reasons. Naval air training has been beset in recent years with controversy over the so-called physiological episodes, the cause of which has been very hard to pin down. The Navy now believes it's a complex issue involving air flow and air pressure related to the breathing apparatus, and measures have been put in place to mitigate it, USNI News reported in June. https://www.defensenews.com/naval/2020/09/17/the-us-navy-is-short-almost-100-fighter-pilots/
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January 7, 2022 | International, Aerospace, Naval, Land, C4ISR, Security
Les inquiétudes persistent sur la taxonomie européenne réservée au secteur de la défense
Le président du GIFAS Guillaume Faury s'inquiète des réticences du secteur bancaire à financer le secteur de la défense, appelant les pouvoirs publics français à exercer « une influence sur les critères de sélection des bons investissements (...) un message positif et une direction claire des autorités en général sur tout ce qui est ESG (Environnement, Social, Gouvernance) et taxonomie ». Bruxelles travaille sur la mise en place de nouveaux critères de label écologique de l'UE pour les produits financiers. Un projet de label dont seraient pour le moment exclues les industries de défense européennes. « Nous voulons nous assurer que la défense n'aura pas non seulement un traitement de défaveur, mais au contraire un traitement de faveur dans la capacité de financement » a insisté Guillaume Faury. Sous la pression d'éventuelles sanctions américaines et des ONG, les banques appliquent désormais des règles de conformité (compliance) strictes pour les entreprises de défense considérées comme des entreprises à risque pour un financement, de plus en plus difficile à trouver pour certaines ETI, PME et startups de la filière, dont certaines se voient même refuser d'ouvrir un compte bancaire. Un constat que faisait le président du Comité Défense du Conseil des Industries de Défense Françaises (CIDEF) et PDG de MBDA, Eric Béranger, au Paris Air Forum. La Tribune du 6 janvier