September 24, 2018 | International, Naval
By: The Associated Press
GROTON, Conn. — Submarine builder Electric Boat has announced plans for an $850 million shipyard expansion in Connecticut.
The Day reports the company released plans for expanding its Groton shipyard Thursday as it prepares to build a new class of ballistic missile submarines.
Electric Boat says it plans to construct a new assembly facility and a floating dry dock.
The environmental consulting company helping with the project says the facilities will allow Electric Boat to bring the submarine materials to the site by water and help reduce construction traffic.
Some residents have opposed the project, arguing that it will impact their waterfront views and lower their property values.
Electric Boat says it looked at alternative sites, but none of them worked.
Construction on the buildings is expected to start in 2019.
August 25, 2024 | International, Land
Sterling Heights, Mich. – August 22, 2024 - The U.S. Army has awarded General Dynamics Land Systems a $322.7 million contract for continued low-rate initial production (LRIP) of the M10...
April 1, 2020 | International, Aerospace
Tucson, Ariz., March 30, 2020 /PRNewswire/ -- Raytheon Company (NYSE: RTN) will produce and deliver SM-3(®) Block IB interceptors under a $2.1 billion, multi-year U.S. Missile Defense Agency contract. It is the first multi-year contract for the SM-3 program, and covers fiscal years 2019-2023. SM-3 is the only ballistic missile interceptor that can be launched on land and at sea. It is deployed worldwide and has achieved more than 30 exoatmospheric intercepts against ballistic missile targets. "This procurement deal is a win-win for government and industry," said Dr. Mitch Stevison, Raytheon Strategic and Naval Systems vice president. "Efficiencies gained from this contract will allow us to reduce costs, continue to improve the SM-3 and deliver an important capability to our military." The Block IB variant achieved full-rate production in 2017. The company has delivered more than 400 SM-3 rounds over the lifetime of the program. About Raytheon Raytheon Company, with 2019 sales of $29 billion and 70,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 98 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I(®) products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter. Media Contact Doug Shores +1.256.527.5196 rmspr@raytheon.com View original content to download multimedia:http://www.prnewswire.com/news-releases/raytheon-missile-defense-agency-sign-landmark-2-billion-standard-missile-3-contract-301031740.html SOURCE Raytheon Company
October 19, 2023 | International, Aerospace
Hitachi is set to win EU antitrust approval for its 1.7-billion-euro ($1.8 billion) acquisition of Thales' GTS railway signalling business on the condition it sells assets in France and Germany, three people familiar with the matter said on Thursday.