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New US Subs Running $17 Billion Over Budget, Lawmaker Says
The Navy’s new Virginia-class submarines are projected to run $17 billion over their planned budget through 2030, a problem emblematic of a crisis in the program, the House’s top lawmaker on defense spending disclosed.
US Navy's new submarines are 'in crisis' as costs balloon by $17 billion, lawmaker says
The Navy's nuclear-powered Virginia class sub, which it's supposed to build two of a year, is facing major delays and ballooning costs.
Lawmaker criticizes Navy secretary for nearly $2B funding shortfall for 2 submarines
Navy Secretary Carlos Del Toro was met with pushback and accusations of withholding information by lawmakers Thursday when he urged them to fill a $1.95 billion gap needed to fund the building of two new submarines.
1d
on MSN
HII Names Steve Powell as Corporate Vice President and Treasurer
Global all-domain defense provider HII (NYSE: HII) announced today that Steve Powell, HII’s assistant treasurer for banking ...
news.stocktradersdaily
1d
(HII) Trading Signals
Buy and Sell Signals for Huntington Ingalls Industries Inc. HII that help investors manage their investment in HII ...
InsideDefense
1d
HII names new treasurer
HII today announced that Steve Powell, the company's assistant treasurer for banking and capital markets, has been promoted to corporate vice president and treasurer, effective Jan. 1, 2025. Powell ...
12d
HII Delivers Advanced REMUS 620 UUVs to NOAA Less than 24 Months after Unveiling
MCLEAN, Va., Sept. 09, 2024 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Mission Technologies division has successfully built and ...
2d
Navy’s first fully gender-integrated submarine joins the fleet. Here’s what that means.
The USS New Jersey has been heralded as the Navy’s first fully gender-integrated submarine following a series of changes made ...
USNI
19h
SECNAV Del Toro Names Attack Boat for Baltimore as Sub-Funding Impasse Continues
The newest Navy submarine will take its name from the city that gave the U.S. the Star-Spangled Banner, crab-flavored potato ...
14d
Amy Boyette, Former DOE Official, Joins HII’s Nuclear Team as Vice President of Strategy and Integration
Mission Technologies division announced today that Amy Boyette, a former Department of Energy (DOE) official with more than ...
2d
3 Fantastic Dividend Stocks To Avoid The 'Lost Decade'
Given this outlook, focusing on high-yield dividend stocks and cautious valuation is essential for long-term investment ...
GovCon Wire
5d
John Bell Assumes CTO Post at HII Mission Technologies
John Bell was elevated to the role of chief technology officer at HII Mission Technologies, where he most recently served as ...
11d
These Defense Stocks Are Better Bets Than Verint Systems
As of this moment, we find that Leidos - a defense, aviation, IT, and biomedical research company - and Huntington Ingalls ...
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