HII (HII) and Babcock International Group signed a contract that expands their strategic partnership to further support Virginia-class submarine construction throughput at HII’s Newport News Shipbuilding division. Additionally, the contract will build resiliency within HII’s submarine supply base. This is the first Virginia-class outsourced contract to Babcock in support of NNS-specific submarine work, authorizing Babcock to build complex submarine assemblies at the Rosyth facility in Scotland for Virginia-class Block VI fast-attack submarines. The expansion of the partnership with Babcock will increase the number of suppliers that can perform large structure work with requisite quality.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HII:
- Trump Weekly: White House postpones healthcare proposal after backlash
- Trump Trade: Trump says ‘tremendous progress’ on ending Ukrainian war
- Trump says ‘tremendous progress’ on ending war between Russia and Ukraine
- HII sees delivery of destroyer Ted Stevens to U.S. Navy in ‘coming weeks’
- HII adds Westley Group as strategic supplier
