Tag Archives: Huntington Ingalls Industries

Defense Contractors Remain Upbeat About 2021

Defense Contractors Remain Upbeat About 2021

A worker in the shipyard’s foundry uses a torch to slice through scrap steel at Newport News Shipbuilding. HII Photo

A trio of large defense contractors belive their financial futures are secure in 2020 and 2021 – even with COVID-19 and a slowed federal budget process.

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Fincantieri Wins $795M Contract for Navy Frigate Program

Fincantieri Wins $795M Contract for Navy Frigate Program

Fincantieri FFG(X) Design based on the FREMM. Fincantieri Image

This post has been updated to include additional information from the Navy.

The Navy awarded a $795-million contract to Fincantieri to begin building a new class of guided-missile frigates, in the first new major shipbuilding program the service has started in more than a decade, the Navy announced today. Read More