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News Breaks
May 27, 2014
11:02 EDTNOC, GDNorthrop Grumman awarded contract by General Dynamics Electric Boat
Northrop Grumman (NOC) has been awarded a contract by shipbuilder General Dynamics (GD) Electric Boat to complete detailed design and subsequent manufacturing, assembly, qualification and delivery of the first turbine generator units for the Ohio Replacement Program , the U.S. Navy's next-generation ballistic nuclear submarine. The turbine generators provide all of the submarine's propulsion and other electrical power requirements. This award follows separate ORP contract awards from General Dynamics to Northrop Grumman's Marine Systems business unit for other ORP components. The ORP plan is to design and build a new class of 12 ballistic missile submarines to replace the Navy's current force of 14 Ohio-class SSBNs, which will be retired starting in 2027.
News For NOC;GD From The Last 14 Days
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June 29, 2015
07:22 EDTGDBWX Technologies would be M&A fit for Huntington Ingalls, says Deutsche Bank
Deutsche Bank noted that the planned spin-off of BWX Technologies (BWXT) from Babcock & Wilcox (BWC) is scheduled to be completed this week on July 1, stating that it believes the spun off company is likely to attract the attention of strategic players such as Huntington Ingalls (HII) and General Dynamics (GD). The firm thinks the potential M&A fit looks "most striking" for Huntington and estimates that a deal multiple could reach 10-11X the about $300M in EBITDA at BWX Technologies, which would likely be "worth the stretch" for the shipbuilder.
June 26, 2015
07:26 EDTGD, NOCSRA International exploring sale or IPO, Reuters reports
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June 24, 2015
10:00 EDTGDGeneral Dynamics receives $219M order for US Army's WIN-T increment 2 systems
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June 22, 2015
10:01 EDTNOCNorthrop Grumman awarded delivery $31.7M order from DMEA
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