General Dynamics reported a solid start to 2026, with its maritime-focused Marine Systems segment delivering standout growth driven by continued demand for U.S. Navy shipbuilding programs.The company posted overall first-quarter revenue of $13.5 billion, up 10.3% year-over-year, but the strongest gains came from Marine Systems, where revenue jumped 21% to $4.34 billion.
HII’s Newport News Shipbuilding division is marking 140 years of service to the US today, January 28, 2026.On Jan. 28, 1886, Collis P. Huntington, a businessman whose investments enabled completion of the U.S. transcontinental railroad, turned his focus to shipbuilding, establishing what was first chartered as Chesapeake Dry Dock and Construction Co.
The Trump administration suspended leases on Monday for five large offshore wind projects that are under construction off the U.S. East Coast over what it called national security concerns, sending shares of offshore wind companies plunging.The suspension was the latest blow for offshore wind developers that have faced repeated disruptions to their multi-billion-dollar projects under U.S.
Frederick Joseph Harris of Mystic CT, passed peacefully at 5:47PM on 10/24/2025, with his family by his side. “Fred” was born on 11/25/1944 at Framingham Union Hospital to Frederick Everett and MaryRosa Camilla Harris.Fred was a proud patriot who loved his country. Fred received his bachelor’s degree in Marine Engineering from Maine Maritime Academy (with Honors) in 1967.
The United States will be able to use planned defence facilities in Western Australia that are to help deliver nuclear-powered submarines under the trilateral AUKUS nuclear submarine deal, Australian Defence Minister Richard Marles said on Sunday.Australia will spend A$12 billion ($8 billion) to upgrade facilities at the Henderson shipyard near Perth
The military and Coast Guard budgets are established that will benefit the U.S. ship building and repair sector, but what will stimulate the commercial yards?This author has been scratching his head of late, after a thrilling dive into July’s U.S. Big Beautiful Bill Act, and has asked several colleagues where the funding for support commercial shipbuilding can be found? To answer that
With all the Legislative fanfare, Executive Orders, Committee meetings, lobbying efforts and media announcements concerning American Shipbuilding, Naval Warfare and Maritime Dominance, it is no surprise that the result of the uproar is shear confusion within the maritime industrial base (MIB).
U.S. President Donald Trump wants a pay raise for troops, more high-tech missiles and drones in next year's defense budget, while cutting Navy jobs, and buying fewer ships and fighter jets to save money, according to budget materials posted Wednesday.At $892.6 billion, the defense and national security budget request is flat compared with this year.
Vessev, a technology company designing and building electric passenger vessels, announced the launch of a new hydrofoiling network in Hobart, Australia, marking a step in using waterways as an efficient, scalable, zero-emissions layer of urban transport.Fly Derwent, a new clean energy transport venture, will launch the network on the Derwent River
New Zealand marine technology company Vessev has announced its expansion into the Australian market, with the Enautic Group set to introduce Vessev's electric hydrofoiling passenger vessels to Western Australia. There are currently only three commercially-certified electric hydrofoiling vessels in operation anywhere in the world, two of which are Vessev VS-9s
Vessev announced the VS–Drive, a podded propulsion system that stands to redefine electric marine performance. As the latest innovation from Vessev, which designs and builds commercial-grade electric hydrofoiling vessels, the VS–Drive is a submersible motor that combines advanced active cooling with custom direct-drive brushless motors in a modular design.
Huntington Ingalls Industries, America’s largest military shipbuilder and a global defense technology provider, announced its second-quarter 2025 financial results, highlighting robust cash generation, strategic progress in AI-driven shipbuilding, and a record backlog of $56.9 billion.Q2 2025 Highlights:Revenue: $3.1 billion, up 3.5% YoYNet Earnings: $152 million, or $3.