Aerospace Group:

Business/Financial

Bollinger Expands Ship Construction, Repair Capabilities With Gulf Island Acquisition

By Cal Biesecker

Monday, April 19th, 2021

SHARE:

Bollinger Expands Ship Construction, Repair Capabilities With Gulf Island Acquisition

Bollinger's new Houma shipyard is under contract to supply Towing, Salvage and Rescue Ships to the Navy. Image: Gulf Island Fabrication

Shipbuilder Bollinger Shipyards on Monday said it has acquired Gulf Island Fabrication, Inc.’s [GIFI] shipyard division and facilities in a $26.4 million deal that expands its capacity and capabilities to serve its defense and commercial customers. Terms of the deal include an additional $2.2 million payment based on collection of certain customer payments related to the Gulf Island shipyard’s construction contracts. The new 437-acre Bollinger facility is 30 miles from the Gulf of Mexico on the Houma Navigation Canal in…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]