The Newport News

  • Northrop Grumman Corporation and Newport News Shipbuilding Inc. have signed a definitive agreement under which Northrop Grumman will acquire Newport News Shipbuilding. The boards of directors of both companies approved the terms of the transaction in which Northrop Grumman will acquire all the outstanding shares of Newport News. In an exchange offer, Newport News Shipbuilding's shareholders may elect to receive either $67.50 per share in cash or a number of shares of Northrop Grumman common stock designed to provide a value of $67.50, subject to cer- tain limitations and proration proced u r e s .

    N o r t h r o p G r u m m a n expects to p r o m p t l y amend its existing offer d,o cum„ en.t s in order to reflect the merger agreement.

    Following the completion of the e x c h a n g e o f f e r , N o r t h r o p G r u m m a n will consummate a second- step merger in which all of the remaining Newport News Shipbuilding shareholders will have the same right to elect to receive cash or shares of Northrop Grumman stock as described above.

    "We are very pleased with our strategic acquisition of Newport News," said Kent Kresa, Northrop Grumman chairman and CEO. "With Newport News, we are creating a $4 billion world-class, fully capable shipbuilding enterprise with expertise in every class of nuclear and non-nuclear naval vessel. Newport News' long and distinguished history and reputation for innovation and excellence in shipbuilding are highly regarded worldwide." "Northrop Grumman is an outstanding corporation and this merger will enhance the future of Newport News Shipbuilding, its employees and our ability to serve our primary customer, the U.S. Navy," said William Fricks, Newport News chairman and CEO. Following the close of the transaction, Newport News will initially be operated as a Northrop Grumman sector. Longer term, Northrop Grumman plans to combine its two shipbuilding businesses into one operating sector. Thomas Schievelbein, currently Newport News' executive vice president and COO, will become president of the Newport News operating sector. He will also serve on Northrop Grumman's corporate policy council. Fricks has announced his intention to retire once the transaction has been finalized. The acquisition is valued at approximately $2.6 billion, which includes the assumption of approximately $500 million of NNS debt. The exchange offer, subject to the tendering of a majority of the outstanding NNS shares, was expected to close by the end of November.

  • Newport News Shipbuilding has laid the keel for its 17th Los Angeles class attack submarine, the Newport News (SSN 750). In a ceremony held recently at the shipyard, the keel was authenticated by Mrs. Nickey Adkins, assisted by Matron of Honor Mrs. Mildred Duncan and Maid of Honor Diane Campbell.

  • Anniversary Celebration The U.S. Navy's fifth nuclearpowered aircraft carrier, Theodore Roosevelt (CVN-71), came alive recently at the Newport News Shipbuilding yard, Newport News, Va., 16 months ahead of schedule and $80 million under budget. In a light, steady rain the ship's crew waited for

  • who are skilled in various aspects of the shipbuilding trade, the vast majority of which have landed careers within the shipbuilding field – mostly at the Newport News yard, although graduates are not required to stay within the HII group. Currently, about 13.5% of Newport News Shipbuilding’s 23,700 employees

  • —A SUPPLEMENT— This year Newport News Shipbuilding and Dry Dock Company (NNS), Newport News, Va., is celebrating its first century of leadership in the shipbuilding and ship repair industry. More than 700 vessels— from small tugboats to giant, nuclear-powered aircraft carriers— have carried the

  • Adm. Ralph W. Cousins has been elected president and chief operating officer of Newport News Shipbuilding, Newport News, Va. The former executive vice president will be responsible for the company's daily operations. John P. Diesel remains chairman of the board and chief executive officer. In that

  • Newport News Shipbuilding & Drydock Company, Newport News, Va., launched and christened the U.S. Navy's newest Nimitz Class aircraft carrier, the Abraham Lincoln (CVN-72), at recent ceremonies at the yard. JoAnn Webb, wife of the Secretary of the Navy, James H. Webb Jr., was the ship's sponsor

  • met or exceeded expectations. Also taking part in the sea trials were Tom Schievelbein, Northrop Grumman corporate vice president and president of the Newport News sector; Rear Adm. Dennis Dwyer, NAVSEA Program Executive Office, Carriers; and Capt. Thomas F. Violette, Navy Supervisor of Shipbuilding at

  • predict full-scale ship performance in making turns, verifying dynamic stability and allowing the development of emergency recovery procedures. The Newport News sector designed NNemo 1 through independent research and development. The design is based on innovative pressure-hull technologies, structural

  • The Apprentice School at Huntington Ingalls Industries’ Newport News Shipbuilding division celebrated its 100-year anniversary just last month. That's worthy of inclusion in this year's MN100 list, for more than one reason. Certainly, this fine school deserves to be mentioned among our very best 100 organizat

  • The Apprentice School at Newport News Shipbuilding trains shipbuilders and leaders to build some of the highest value maritime assets on the planet: U.S. Navy ships. Dr. Latitia McCane, Director of Education, The Apprentice School at Newport News Shipbuilding discusses the challenges and rewards of the job.

  • Northrop Grumman Newport News Shipbuilding invests to maintain its skilled workforce. Shipbuilding, like other industries that rely on a skilled workforce, faces a serious problem: an alarming "knowledge loss" in the area of specialized machining. Not only are many workers with machining expertise

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    Track our Changing Relationship with Technology Simulation-based training has its whole-of-ship/ whole-of-team scenarios, but zooming in, the industry is now working on more speci? c targets. By Wendy Laursen Image above: Kongsberg Digital has integrated NORBIT’s oil spill detection system

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    closeup of a blade installation process taken via drone. A blade handling system is apparent (in yellow). Images courtesy of Mammoet requirement for the development of these cranes, particularly ling area. This would result in a major time and fuel saving. in ? oating offshore wind,” says Adrian Green

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    FEATURE INTERVIEW track missiles and warheads for the Mis- sile Defense Agency, and it travels with its support ship, the MV Hercules. For our Service Support ships, we have the two hospital ships, USNS Mer- cy and Comfort; two rescue and salvage ships; two submarine tenders; and the Sixth Fleet ?

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    SERVICES IN EARLY DEVELOPMENT PHASES. WITH NEW LEASE ROUNDS COMING AND NEW OPPORTUNITIES, WE DO NOT SEE A BIG SLOWDOWN FOR OSW DEVELOPMENTS APART FROM THE OBVIOUS PROJECT DELAYS AND RE-BIDS. ROB LANGFORD, VP, GLOBAL OFFSHORE WIND, ABS “Some of them do understand, but I think there’s more work projects

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    INTERVIEW One-on-One with ROB LANGFORD, VP, GLOBAL OFFSHORE WIND As the U.S. offshore wind industry endures a predictable number of stops and starts during its adolescence, common mantras are ‘learn from the established European model’ and ‘embrace technology transfer from the offshore oil and gas

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    MARKETS & gas activity returns, we anticipate that supply of the vessels The Question of Emissions to offshore wind projects will reduce, driving demand for ad- Given that SOVs and CSOVs operate in a segment target- ditional CSOVs. ing reduced emissions, and many operate in the North Eu- Outside of China

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    MARKETS SOVs – Analyzing Current, Future Demand Drivers By Philip Lewis, Director of Research, Intelatus © Björn Wylezich/AdobeStock t a high-level, there are three solutions to transferring Lower day rate CTVs are often used for daily transfer of technicians from shore bases to offshore wind farms

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    training with respect to be developed shortly by IMO, and/or countries salient design/construction essentials, 6) compliance veri? ca- like Canada and the EU. In the past, only quieting tion methods, and 7) deliverables. Q approaches have been promulgated. As outlined The design process involves associating

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    Tips for Ships © By tuastockphoto/AdobeStock Tip #58 Enhancing Behavior-Based Safety By Murray Goldberg, CEO, Marine Learning Systems ave you ever heard the term “Behaviour-Based environment where each individual feels personally respon- Safety”? Although the term itself is relatively sible for safety

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    Send all UAA to CFS. NON-POSTAL AND MILITARY FACILITIES send address correc- tions to Maritime Reporter, 850 Montauk Hwy., #867, Bayport, NY 11705. The publisher assumes no responsibility for any misprints or claims or actions taken by advertisers. The publisher reserves the Lehtovaara Laursen Lewis right

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    NO.4 / VOL. 86 / APRIL 2024 16 Photo on the Cover: U.S. Navy photograph by Brian Suriani/Released Photo this page: Copyright Björn Wylezich/AdobeStock 16 SOVs: Analyzing the Market Drivers Departments As offshore wind grows globally, so too do the dynamics around SOVs. By Philip Lewis 4 Authors & Contribut