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Stock Market & Financial Investment News

News Breaks
May 5, 2014
08:59 EDTGD, CKHSeacor Holdings announces JV with Avista Capital Partners
Seacor Holdings (CKH) announced it entered into a joint venture with Avista Capital Partners. Avista, through a wholly-owned subsidiary, invested approximately $150M in cash for a non-controlling ownership interest in Seacor subsidiaries operating a fleet of seven U.S.-flag Jones Act vessels used for U.S. coastwise trade of crude oil, petroleum and specialty chemical products as well as a contract for the construction of three 50,000 DWT product tankers with National Steel and Shipbuilding Company, a wholly-owned subsidiary of General Dynamics (GD), with expected deliveries in May 2016, October 2016 and March 2017. The vessels will continue to be managed and crewed by SEACOR subsidiaries pursuant to ship management and crew management agreements.
News For CKH;GD From The Last 14 Days
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December 19, 2014
17:16 EDTGDGeneral Dynamics awarded $498.2M government contract
General Dynamics National Steel and Shipbuilding Co., San Diego, California, is being awarded a $498,116,529 modification to a previously awarded fixed-price-incentive, firm-target contract for the procurement of the detail, design and construction of the fourth Mobile Landing Platform Afloat Forward Staging Base. Work is expected to be completed by March 2018. Fiscal 2014 shipbuilding and conversion contract funds in the amount of $498,116,529 will be obligated at time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity.
10:02 EDTGDGeneral Dynamics awarded $36M for development of Submarine technology
General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, has been awarded a $36.5M contract modification from the U.S. Navy to develop advanced submarine technologies for current and future undersea platforms. Initially awarded in November 2010, the contract has a potential value of $710.6M over a total of five years if all options are exercised and funded.
December 16, 2014
08:31 EDTGDBabcock & Wilcox unit awarded contract to manufacture missile tubes
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December 11, 2014
10:01 EDTGDGeneral Dynamics NASSCO, Braemar LNG BV announce licensing agreement
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December 9, 2014
10:02 EDTGDGeneral Dynamics awarded $44M contract modification by U.S. Navy
The U.S. Navy has awarded General Dynamics Electric Boat a $44.5M contract modification to perform non-nuclear maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics. With this modification, Electric Boat will continue operating the New England Maintenance Manpower Initiative at the submarine base. Under the terms of the contract, Electric Boat will provide a wide range of overhaul, repair and modernization services in support of nuclear submarines, floating dry-docks, support and service craft and other platforms and equipment at the submarine base. About 270 Electric Boat employees are engaged in the work.This contract was first awarded in December 2012 and has a potential value of $222.3M over five years.

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