Tag

Shipbuilding

All articles tagged with #shipbuilding

defense11 days ago•10 min saved

Fincantieri seeks return to Navy frigate market with FREMM EVO design

Fincantieri Marine Group is pitching its FREMM EVO frigate to the U.S. Navy, leveraging infrastructure built for the cancelled Constellation class. The company argues its existing supply chains and Wisconsin shipyard investments can accelerate production, avoiding the design changes that doomed the previous program. This move coincides with a Navy study on foreign-built ships, though congressional opposition to overseas construction remains a significant hurdle.

via TWZ|

#constellation-class #defense #fincantieri

politics12 days ago•3 min saved

UK Chancellor Confirms £6bn Domestic Bid for Faslane Dry Docks

Chancellor John Healey has confirmed that the UK government will award a £6bn contract to a domestic shipbuilder for three floating dry docks at the Faslane naval base. This decision, part of a wider £15bn upgrade, aims to bolster national security and industrial capacity. Healey also pledged £115m for a new marine research vessel to replace the Cefas Endeavour, while Rolls-Royce announced an additional £300m investment in UK factories. The announcements were made at the Labour conference, framing a 'new age of industrialisation' ahead of the October budget.

via bbc.com|

#defence #labour-party #politics

politics12 days ago•3 min saved

Healey pledges 'new industrial age' with £6bn Royal Navy dock deal

Chancellor John Healey will announce a 'new age of industrialisation' at the Labour conference, centering on a £6bn UK-only contract for three floating docks at Faslane. The move aims to boost domestic shipbuilding and defense capabilities, though critics question the funding source ahead of the October Budget.

via BBC|

#defence-spending #john-healey #politics

economy13 days ago•5 min saved

US Shipbuilding Needs Realistic 5% Target, Not Maritime Dominance

The US cannot match China’s shipbuilding scale, but can restore a 5% global market share through targeted subsidies to secure naval readiness.

via The National Interest|

#china #economy #industrial-policy

politics1 month ago•6 min saved

Trump taps Hung Cao to permanently lead the Navy, praising a “true warrior”

President Donald Trump nominated acting Navy Secretary Hung Cao to permanently lead the service, praising him as a “true warrior.” Cao, a retired Navy captain with 25 years of service and a background in special operations, has been acting secretary for four months, prioritizing shipbuilding and homeland defense as the administration seeks to bolster maritime capabilities. If confirmed by the Senate, Cao would formally take charge of the Navy and Marine Corps; Trump urged a quick confirmation and highlighted Cao’s prior political bids and defense-focused career.

via Fox News|

#hung-cao #navy-secretary #politics

politics1 month ago•27 min saved

Solano County halts billionaire-backed shipyard push, derailing Newsom's plan

Solano County Supervisors voted 3-2 to oppose California Forever’s plan to use an 18-year-old environmental review and exempt 1,350 acres from the California Environmental Quality Act for a new shipbuilding facility, effectively killing the initiative for 2026. The decision cited concerns about rushed process and insufficient labor and tribal input, leaving the proposal to be revisited next year.

via CalMatters|

#california-forever #ceqa #gavin-newsom

world1 month ago•5 min saved

US bets on nuclear-powered cargo ships to outpace China in shipbuilding

Washington is pursuing a public-private push with London-based Core Power to develop a US-flagged nuclear-powered merchant fleet to challenge China’s dominance in shipbuilding, including a framework for rapid licensing, insurance and port access; the first vessel could begin construction in 2028, backed by about $200 million in private funding from Mitsui, Mitsubishi and Sumitomo with no federal funding guarantee. Proponents say nuclear propulsion could deliver faster, higher-capacity ships with lower fuel costs, but critics warn about liability, insurance, crew training and public acceptance, with most expecting commercial ships no earlier than the 2030s; MIT’s design has received ABS approval, and officials plan international talks to advance the technology.

via Financial Times|

#china #nuclear-energy #shipbuilding

defense1 month ago•7 min saved

Navy weighs Ford-class carrier reshaping to echo WWII-era aesthetics

The Navy is weighing a major Ford-class carrier redesign to move the island forward and switch back to steam-powered catapults to match President Trump’s preferred look; officials say such changes would be costly, time-consuming, and could delay construction, even as three carriers are already under development.

via The Washington Post|

#aircraft-carrier #defense #ford-class

politics1 month ago•2 min saved

Trump imposes drone tariffs and opens foreign shipyards for U.S. warships

Trump signed two proclamations: a drone-tariff package (with steep duties on sensitive drones and varying rates on others and on certain allies) and a Navy directive to restore steam catapults while temporarily allowing foreign shipyards to build American warships (up to two per parent yard) to bridge gaps as domestic yards are modernized.

via ABC News - Breaking News, Latest News and Videos|

#drones #navy #politics

business2 months ago•2 min saved

Hanwha Pursues $1.2B Acquisition of Austal USA to Expand U.S. Shipbuilding Footprint

Hanwha Defense USA has made a preliminary, non-binding offer to acquire Austal USA for about $1.05–$1.2 billion in a cash-and-debt-free deal, contingent on thorough due diligence; Austal’s board says the proposal merits further evaluation and would not affect Austal’s Australasian operations or publicly traded shares. The move follows Hanwha’s earlier takeover bid and its June 2024 Philly Shipyard purchase, signaling a broader push into U.S. shipbuilding.

via Breaking Defense|

#acquisition #austal-usa #business

defense2 months ago•206 min saved

Trump-class battleships could cost a staggering $275B, sparking shipyard capacity concerns

The Congressional Budget Office says the Navy’s plan to build 15 nuclear-powered “Trump-class” battleships would cost about $275 billion, with initial ships around $23.4 billion and later ones near $18 billion each, pushing up the service’s procurement budget and highlighting potential capacity, delay, and strategic questions about spending that much on a single, heavily armed platform amid growing drone and missile capabilities.

via cnn.com|

#cbo-report #defense #defense-budget

business2 months ago•1 min saved

JPMorgan backs U.S. shipbuilding with $24M to revive Philadelphia submarine plant

Jamie Dimon announced a $24 million package ($18 million in loans and $6 million in grants) to revive American shipbuilding, financing a new submarine manufacturing facility at the Philadelphia Navy Yard built by Rhoads Industries and expanding lending to maritime small businesses and regional suppliers as part of JPMorgan's $1.5 trillion effort to bolster industries key to U.S. economic and national security, a move Dimon called the 'arsenal of democracy' reignited amid rising global tensions.

via CNBC|

#business #jamie-dimon #jpmorgan

military5 months ago•11 min saved

Navy Moves to Nuclear-Powered Trump-Class Battleships

The U.S. Navy now plans to power the Trump-class BBGNs with nuclear reactors, purchasing 15 ships from FY2028–2055 at about $17 billion each to gain extended endurance, higher power, and capacity for advanced weapons and command-and-control functions; the move reverses earlier doubts, but introduces higher cost and complexity amid tight shipyard capacity, with the first vessel, USS Defiant, expected around FY2036.

via The War Zone|

#battleship #defense-policy #military

defense5 months ago•4 min saved

Navy Unveils FY2027 Shipbuilding Plan to Grow Fleet and Modernize Industry

The Department of the Navy released its FY2027 Shipbuilding Plan, outlining a strategy to grow the fleet, revitalize the domestic shipbuilding base, and deliver a more capable, ready Navy and Marine Corps with a balanced high–low platform mix and stronger accountability. Backed by a $65.8 billion budget and a 30-year investment outlook, the plan emphasizes continued congressional collaboration to expand shipbuilding capacity and advance the Navy’s Golden Fleet.

via navy.mil|

#defense #defense-budget #fleet-expansion

defense5 months ago•3 min saved

Australia-Japan seal landmark Mogami frigate deal to revamp navy fleet

Australia and Japan have signed a multi-billion-dollar deal under Project Sea 3000 to procure three upgraded Mogami-class frigates for the Royal Australian Navy, with eight more to be built in Western Australia at up to A$20 billion over the next decade. The first hull is due in December 2029, marking Japan's largest defense export. The move aims to reverse the RAN's fleet decline by upgrading from the Anzac-class, equipping the ships with ESSM Block 2 missiles, Mk 41 VLS, Naval Strike Missiles, torpedoes and SeaRAM, and keeping modifications to a minimum to ensure timely delivery. Australia and Japan will eventually operate a combined fleet of about 35 Mogami frigates.

via Defense News|

#australia #defense #frigates