Information Technology

  • In a move which effectively creates a defense and marine naval construction giant, Northrop Grumman Corp. and Litton Industries jointly announced late last month that they have signed a definitive agreement under which Northrop Grumman will acquire for cash all of the outstanding shares of Litton for $80 per common share and $35 per Series B Preferred share. The transaction is valued at approximately $5.1 billion, which includes the assumption of Litton's $ 1.3 billion in net debt.

    Litton is a leading supplier of advanced electronics and information systems to the U.S. government and international customers and is the premier designer and builder of non-nuclear surface combatant ships for U.S. and foreign navies. The company reported sales of $5.6 billion and net income of $218 million for the 2000 fiscal year ended July 31. Litton had $8.2 billion in fully funded backlog at the end of its first quarter, October 31, 2000.

    Kent Kresa, Northrop Grumman's chairman, president and chief executive officer said, "We are very pleased with our strategic acquisition of Litton, which we believe brings tremendous value to the shareholders, employees and customers of both companies. With projected combined pro forma revenues of more than $15 billion in 2001, growing to $18 billion by 2003, this acquisition solidly places Northrop Grumman among the world's top-tier defense companies and strengthens our commitment to systems integration, defense electronics and information technology." Mr. Kresa added that, "Litton gives us a new core competency as a major prime contractor and systems integrator of surface ships for the U.S. Navy. Following the close, Northrop Grumman will be one of the country's largest federal IT suppliers and our defense electronics business will heighten our status as a premier systems and sensor integration leader by expanding into navigation and guidance systems for airborne platforms and other military avionics systems. The acquisition also significantly broadens our portfolio of businesses." Grumman's and Litton's boards of directors have unanimously approved the transaction.

    Following the close of the transaction, it is Northrop Grumman's intention to raise additional capital through a stock offering.

    During and after the initial transition period, Litton will be operated as a wholly owned subsidiary of Northrop Grumman. Dr. Ronald D. Sugar, currently Litton's president and COO, will become a Northrop Grumman corporate vice president, and president and CEO of the new Litton subsidiary.

    "I am pleased that we were able to work with Northrop Grumman to create this combination, which brings together two premier advanced technology companies and generates a broad range of opportunities going forward," said Michael R. Brown, Litton's chairman and CEO. "The combination creates outstanding value for Litton and Northrop Grumman shareholders, customers and employees." The transaction, which is expected to close within the first quarter of 2001, is subject to review under the Hart-Scott-Rodino Act as well as other governmental and regulatory agencies. The transaction will be structured as a cash tender offer that will be initiated on January 5, 2001, for all the outstanding stock of Litton.

    Northrop Grumman, based in Los Angeles, is a high technology company providing innovative solutions in systems integration, defense electronics and information technology for its U.S. and international military, government and commercial customers, as a prime contractor, principal subcontractor, team member or preferred supplier. The company expects to report sales of approximately $7.6 billion for 2000 and has more than 39,000 employees in three major sectors at sites in 43 states and various international locations.

    Litton designs, builds and overhauls surface ships for government and commercial customers worldwide and is a leading provider of defense electronics and information technology services and support to the U.S.

    government and international customers. The company also provides specialized IT services to both commercial and government customers at the local, national and international level. Headquartered in Woodland Hills, Calif., Litton has more than 40,000 employees in four major business units at facilities in 29 states and other locations worldwide.

    Salomon Smith Barney acted as principal financial advisor to Northrop Grumman in this transaction.

    Goldman Sachs & Co. also provided transaction advice and a fairness opinion. To complete the transaction, Northrop Grumman has received financing commitments totaling $6 billion from Credit Suisse First Boston and The Chase Manhattan Bank. Litton was advised by Merrill Lynch & Co.

  • Heidmar's commercial control and will continue to serve as the general agents for the Star Tankers Pool and the Dorado Tankers Pool. All Information Technology activities within the Heidmar group will be consolidated into one company, which will be called Heidenreich Innovations Inc. Fritz Heidenreich

  • problems, equipment malfunction or other reasons that have been known to thwart port operations. It was a cyber-attack.   In today’s climate of information technology, there’s no telling where hackers lurk or a cyber security compromises may occur. For the maritime industry and its extended supply chains

  • integrates people, openings and assets together through a connected information- technology infrastructure based on an expandable, open information technology (IT) architecture. Data is generated through the power of electronics — access cards with electronic codes or biometric identifiers replace

  • Unitor has taken the next step in giving customers the power to manage their fleets. Customer empowerment in the area of information technology is the next generation of service supported product offerings. Unitor's new information technology system named PartnerSHIP offers subscribers access to

  • technology in the whole, what technology over the past decade has made the job of class easier / more efficient / more effective, and why?     Information technology. Class survey reports, certificates, rules, instructions, procedures are available in any part of the world by simple access via internet to

  • Corporation is a $2 billion producer of state-of-the-art information processing communication and microelectronic products for the worldwide information technology market. The company operates 35 plants in the U.S. and abroad. For a copy of the brochure and further information, Circle 49 on Reader

  • companies. We believe that a new breed of tech-savvy established industry players is already taking advantage of this flexible approach to information technology. Enter Shipping Internet Version 3.0. As we see it, the next phase in the evolution of shipping Internet involves handing control of information

  • of assets and activities that should concern cyber-conscious shipowners and operators:  Operational control systems and technology; Information technology and the networking that connects everything (such as public Internet or private intranets); and  Human processes (this is the area most

  • Cyber Security Specialist Cliff Neve, who retired from the USCG Cyber Security unit.  The maritime industry is vulnerable to attacks on both our Information Technology and our Operational Technology. If this is the first time that you are hearing this, you may be just as confused as when Mr. Neve explained

  • vice president - administration, has assumed expanded responsibilities to include all procurement activities of the company in addition to the information technology, human resources and corporate relations functions. Mr. Horn joined Lykes in 1979 as director of operations in San Francisco, and

  • into today's existing fleet of Aegisequipped cruisers and destroyers. In addition to four other Northrop Grumman sectors — Newport News, Information Technology, Electronic Systems and Integrated Systems — the DD(X) Gold Team will include United Defense and Raytheon. The team will also be joined by

  • MR Feb-24#48  or modify any of the above information, please contact: productionm)
    February 2024 - Maritime Reporter and Engineering News page: 48

    above are an editorial service provided for the convenience of our readers. If you are an advertiser and would like to update or modify any of the above information, please contact: [email protected] 48 Maritime Reporter & Engineering News • February 202

  • MR Feb-24#44 Tech Files
Latest Products & Technologies
MarineShaft)
    February 2024 - Maritime Reporter and Engineering News page: 44

    Tech Files Latest Products & Technologies MarineShaft Yanmar Hydrogen MarineShaft specializes in urgent re- Fuel Cell AIP pair/replacement of damaged rudder and Yanmar Power Technology Co., Ltd. propeller equipment along with many (Yanmar PT), a subsidiary of Yanmar on-site repair services. MarineShaft

  • MR Feb-24#43  types of data including information on 
sonnel stationed)
    February 2024 - Maritime Reporter and Engineering News page: 43

    . For example, in April obtain, share, and monitor several released in 2024 and 2025. 2023 GAO found that Coast Guard per- types of data including information on sonnel stationed in remote areas may heath care access and the reasons for experience challenges accessing medi- medical provider recruitment

  • MR Feb-24#42  short  to protect its information systems and  inspectors)
    February 2024 - Maritime Reporter and Engineering News page: 42

    reported that it resources it requires, including those that could affect its supply of marine is about 3,500 enlisted members short to protect its information systems and inspectors. and has missed its recruiting targets for data from threats. GAO concluded that collecting ad- the past ? ve ? scal

  • MR Feb-24#40 Images Seaspan Corporation/Foreship
With plans to have a)
    February 2024 - Maritime Reporter and Engineering News page: 40

    Images Seaspan Corporation/Foreship With plans to have a full-scale test engine running on am- age it'll be similar to LNG.” Looking at the engine makers and monia in early 2024, the company said it expects to hold its de- their progress, Brindley is diplomatic in saying that there is no livery timeline

  • MR Feb-24#37 PTI/PTO
"In a typical LNG carrier, permanent 
magnet)
    February 2024 - Maritime Reporter and Engineering News page: 37

    PTI/PTO "In a typical LNG carrier, permanent magnet technology improves ef? ciency by 2-4% compared to synchronous machines." – Dr. Jussi Puranen, Head of Product Line, Electric Machines, at Yaskawa Environmental Energy / The Switch The Switch’s shaft generators start from <1MW and range up to 12MW+.

  • MR Feb-24#36 HYBRID 
2-stroke controllable pitch 
propeller PTO powertrai)
    February 2024 - Maritime Reporter and Engineering News page: 36

    HYBRID 2-stroke controllable pitch propeller PTO powertrain Source: MAN Energy Solutions how the system is intended to operate, says Oskar Levander, VP Strategy & Business Development, Kongsberg Maritime. For example, a primary shaft-driven PTO rotates whenever the engine is running; a secondary one

  • MR Feb-24#35 PTI/PTO
30 years ago shaft generators with PTI capability)
    February 2024 - Maritime Reporter and Engineering News page: 35

    PTI/PTO 30 years ago shaft generators with PTI capability kept container ships sailing at top speed. That purpose gone, PTI/PTO is making a new comeback in more cargo shipping segments, this time for reducing emissions. By Wendy Laursen etro? tting a shaft generator is not an insigni? - the ef? ciency

  • MR Feb-24#33 EAL  AND STERN TUBE DAMAGES
STACKING 
not forget any oil)
    February 2024 - Maritime Reporter and Engineering News page: 33

    EAL AND STERN TUBE DAMAGES STACKING not forget any oil leak, big or small, can be catastrophic to the marine environment and marine life, with some EALs found to THE DECKS be only slightly less damaging than the phased-out traditional WITH BEST-IN-CLASS MARINE oils,” said VP of Business Development

  • MR Feb-24#25 MATTHEW HART, MANAGER & PLATFORM LEADER, MARINE & STATIONARY)
    February 2024 - Maritime Reporter and Engineering News page: 25

    MATTHEW HART, MANAGER & PLATFORM LEADER, MARINE & STATIONARY POWER SYSTEMS, WABTEC fuel blends up to 100% are in operation maintenance intervals to make sure that What’s the biggest challenge today, running on both biodiesel and re- our engines don’t have to be touched in your job? newable diesel blends.

  • MR Feb-24#22 R&D
MATT HART 
Matt Hart, Manager & Platform Leader)
    February 2024 - Maritime Reporter and Engineering News page: 22

    R&D MATT HART Matt Hart, Manager & Platform Leader, Marine & Stationary Power Systems, Wabtec, offers insights on how the megatrends of decarbonization, energy transition and autonomy all inspire Image courtesy Wabtec and impact the marine power solutions from Wabtec. By Greg Trauthwein Matt, to start

  • MR Feb-24#20  Intelatus interpretation of information from Equinor and Shell
20)
    February 2024 - Maritime Reporter and Engineering News page: 20

    segments should be aware of a forecast shortage and therefore increased competi- tion for supply chain resources. Source: Intelatus interpretation of information from Equinor and Shell 20 Maritime Reporter & Engineering News • February 2024 MR #2 (18-33).indd 20 2/6/2024 9:09:46 A

  • MR Feb-24#17 METHANOL STORAGE
provals from other classi?  cation)
    February 2024 - Maritime Reporter and Engineering News page: 17

    METHANOL STORAGE provals from other classi? cation societies are ongoing, said Lilp, – including accommodation.” although he acknowledges that journey from AiP to full class ap- As of September 2023, methanol had been speci? ed for 216 proval is substantive. In an area where the regulations underlying

  • MR Feb-24#16 THE PATH TO ZERO
Methanol’s Superstorage Solution  
Technica)
    February 2024 - Maritime Reporter and Engineering News page: 16

    THE PATH TO ZERO Methanol’s Superstorage Solution Technical inquiries to SRC Group ramped up after it received Approval in Principle (AIP) for a concept which ‘reinvented methanol fuel storage’ on board ships. Delivering the answers has seen technical talk converting into project discussions

  • MR Feb-24#14  application. With this information, 
shipowners can feel)
    February 2024 - Maritime Reporter and Engineering News page: 14

    operations of and the dry ? lm thickness is calculated and compared against EverClean robot ? eet. the readings following application. With this information, shipowners can feel con? dent that employing EverClean for biofouling maintenance will not negatively impact the perfor- mance of their hull

  • MR Feb-24#12 Maritime Risk 
Top Marine Business Risks in 2024
By Rich)
    February 2024 - Maritime Reporter and Engineering News page: 12

    Maritime Risk Top Marine Business Risks in 2024 By Rich Soja, North American Head Marine, Allianz Commercial yber incidents such as ransomware attacks, data linked to several large ? re incidents at sea in recent years. breaches, and IT disruptions are the biggest worry Regularly assessing and updating

  • MR Feb-24#9 Simulation is a great example. This  addressing the)
    February 2024 - Maritime Reporter and Engineering News page: 9

    Simulation is a great example. This addressing the challenges of cultural novation, and a dedication to continuous technology offers a great avenue for and language barriers in training, the improvement, we can ensure a safer and improvement, providing realistic train- industry can not only improve

  • MR Feb-24#8  members have access to 
information in their preferred)
    February 2024 - Maritime Reporter and Engineering News page: 8

    developing training materials and resources in multiple languages. This can help mitigate language barriers, ensuring all crew members have access to information in their preferred language. However, this effort requires resources to build and maintain the multiple needed versions of your training materials

  • MR Feb-24#6  Senior Naval 
Manager, Information Technology Services
to the)
    February 2024 - Maritime Reporter and Engineering News page: 6

    . I had the opportunity +1.212.477.6700 ext 6810 and supplies (as well as commercial cargo) to meet with Seb Brindley, Senior Naval Manager, Information Technology Services to the places where it is most needed, to its Architect, Seaspan Ship Management; and Vladimir Bibik employment of U.S. citizen

  • MR Feb-24#4  
Reports, Inc.
SUBSCRIPTION INFORMATION
In U.S.: 
One full)
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    in whole or part may not be produced without the express permission of the publisher. Copyright © 2024 Maritime Activity Reports, Inc. SUBSCRIPTION INFORMATION In U.S.: One full year (9 printed issues) $90.00; Two years (18 printed issues) $150.00 Rest of the World: Soja van Hemmen One full year (9

  • MR Feb-24#2nd Cover By pairing our technical knowledge with the latest 
digital)
    February 2024 - Maritime Reporter and Engineering News page: 2nd Cover

    By pairing our technical knowledge with the latest digital technologies, ABS leads the maritime industry in providing customers with innovative, tailored sustainability solutions that deliver results. Learn more today at www.eagle.org/sustainability COV2, C3 &C4 MR Feb 2024.indd 1 2/5/2024 2:21:21

  • MN Feb-24#48  or modify any of the above information, please contact: nicole@mari)
    February 2024 - Marine News page: 48

    above are an editorial service provided for the convenience of our readers. If you are an advertiser and would like to update or modify any of the above information, please contact: [email protected] 48 | MN February 202

  • MN Feb-24#40 Vessels
HOS Warhorse & HOS Wild Horse 
shipyard construction)
    February 2024 - Marine News page: 40

    Vessels HOS Warhorse & HOS Wild Horse shipyard construction contracts were wrongfully termi- nated. Gulf Island and Hornbeck settled in October 2023, clearing way for the builds to be completed by another yard. Eastern secured the contract to complete the builds from Zurich American Insurance Company

  • MN Feb-24#39 .
will provide critical information for the Invitation)
    February 2024 - Marine News page: 39

    as operations and mainte- Olympic-class ferries. Responses were due in January and nance costs while boosting ? eet resiliency. will provide critical information for the Invitation for Bid The nearly $4 billion WSF electri? cation plan calls for in spring 2024, the agency said. the delivery of 16 new hybrid