Sub contracting: HII’s USN Submarine Fleet Support Contracts

SSN-23 at Kitsap

Huntington Ingalls, Inc. (HII), headquartered in Newport News, VA is issued regular contracts to support all American submarine classes: SSN-688 Los Angeles, SSN-21 Seawolf, and SSN-774 Virginia Class fast attack boats, and SSBN/SSGN Ohio missile submarines. HII will support the fleet as needed by managing configuration, support, and engineering data; providing parts and engineering; and conducting modernization, trade, and industrial studies. They may also be called to help with special mission submersibles, submarine support facilities, and some Foreign Military Sales programs.

The USA’s other submarine manufacturer, General Dynamics Electric Boat, has a larger support contract of its own; together, these awards maintain both the USA’s submarines and its industrial capacity.

Rapid Fire Oct. 25, 2012: Euronaval 2012

• The Euronaval tradeshow is taking place this week in Paris, France. They publish a daily bilingual wrap-up, here is yesterday’s [PDF].

• Lockheed Martin’s Q3 2012 sales decreased by 2% Y/Y to $11.87B, a smaller decrease than reported by Northrop Grumman or Boeing BDS for the same period. Electronic Systems grew and actually passed Aeronautics to become the largest segment by revenue.

• Raytheon’s Q3 sales are down 1% to $6.05B. Integrated Defense Systems (IDS) saw the best topline performance among their divisions. The backlog remains stable around $35B.

• Contrarily to other prime contractors, General Dynamics’ revenues for the quarter were up 1% to $7.93B, driven by a +30% surge in the Aerospace segment that more than compensated declining combat and information systems revenue. However their total backlog has lost about $7B from a year ago.