:

Business/Financial

BAE To Acquire Select Ship Repair Operations of Atlantic Marine

DDN

Wednesday, May 19th, 2010

SHARE:

By Calvin Biesecker BAE Systems yesterday said it has agreed to acquire four ship repair operations located in the southern United States and operated by Atlantic Marine Holding Co. from J.F. Lehman & Company for $352 million in cash, expanding its footprint and capabilities in the naval ship repair and sustainability market. The Atlantic Marine operations that BAE would be acquiring are located in Mayport and Jacksonville, Fla., Mobile, Ala., and Moss Point, Miss. The Jacksonville site is adjacent to…

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]