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☆ US Navy secretary says he was 'floored' by a Pacific ally's shipbuilding abilities amid American warship production woes
▼ + stars: | 2024-04-11 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

US Navy Secretary Carlos Del Toro said he was "floored" at South Korea's shipbuilding abilities. A recent review found that the US Navy's top shipbuilding programs are heavily delayed by years. Del Toro and other Navy officials addressed US shipbuilding problems in a budget hearing this week. US Navy Secretary Carlo Del Toro visiting a South Korean shipyard in February 2024. Nick Guertin, the Navy acquisition executive, the Navy review "identified major initiatives to drive improvement that we plan to pursue."

Persons: Carlos Del Toro, Del Toro, —, Navy Carlos Del Toro, Carlo Del Toro, US Navy Del Toro, Jeffrey L, Seavy, Nick Guertin Organizations: Service, Navy, Ford, Air Space, US, South, US Navy, US Marine Corps, US Naval Institute, United Nations Conference, Trade Locations: Pacific, South Korea, South Korean, South, China, Japan

☆ The US Navy's grappling with another Ford-class supercarrier delay that could run into the next decade
▼ + stars: | 2024-04-09 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Read previewThe US Navy's third Ford-class aircraft carrier is facing delays that might push its delivery to 2030. The aircraft carrier USS Gerald R. Ford transits the Strait of Gibraltar, Jan. 5, 2024. Nick Guertin, the Navy's acquisition executive, attributed the shipbuilding delays to "common issues from lingering COVID impacts across the national workforce and supply chain landscape with industry reticent to invest." Related storiesThe following Ford-class carrier, USS Doris Miller (CVN-81), is currently on schedule thanks to the Navy buying both the Enterprise and Miller at the same time. AdvertisementA T-45C Goshawk training aircraft attached to Training Air Wing (TAW) 1, lands aboard the aircraft carrier USS Gerald R. Ford (CVN 78) during flight operations, Sept. 12, 2020.

Persons: —, Carlos Del Toro, Gerald R, Navy Petty, Jacob Mattingly, Nick Guertin, Doris Miller, Miller, Adm, Downey, Seaman Anton Wendler, Ford, Michael Gilday, Brian Glunt Organizations: Service, Ford, USS Enterprise, Business, Enterprise, Navy, BI, Newport News, Training Air, US Navy, Communication, Department of Defense, Army's, Force Locations: Virginia, Gibraltar, Jan, Oslo, China, Washington ,, Pacific

☆ As it looks to keep its edge over rivals, the US Navy's biggest shipbuilding projects are delayed by years, new review finds
▼ + stars: | 2024-04-03 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Read previewThe US Navy's biggest shipbuilding projects, from new submarines to a first-in-class guided-missile frigate, are delayed by one to three years, according to a new Navy report. A chart from the Secretary of the Navy's 45-day shipbuilding review. AdvertisementThat growing concern comes as China's shipbuilding turns out not only more warships, but also increasingly capable ones. The Navy review, Guertin said, "identified major initiatives to drive improvement that we plan to pursue." "Our Navy ships exist to strengthen American dominance and deliver warfighting capability by providing the tools our warfighters need to operate the world's strongest navy.

Persons: —, Nick Guertin, There's, COVID, George Washington, Jonathon Gruenke, Carlos Del Toro, Del Toro, James Stavridis, Fang Sihang, Guertin Organizations: Service, Navy, Business, BI, Navy Public Affairs, Department of Defense, USS Enterprise, Enterprise, Ford, Newport News Shipbuilding, Virginian, Tribune, Getty, Virginia, Columbia, DoD, US Locations: China, Virginia, Columbia, Xinhua

☆ CVS Health Finance Chief Shawn Guertin Takes Leave Due to Family-Health Issue
▼ + stars: | 2023-10-16 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, shawn, guertin

☆ CVS Health CFO Shawn Guertin Takes Leave Due to Family-Health Issue
▼ + stars: | 2023-10-16 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Persons: Dow Jones, shawn, guertin

☆ The arms race for doctors is on. CVS is hoping a $10.6 billion deal will help it compete with Amazon and UnitedHealthcare.
▼ + stars: | 2023-02-08 | by ( ) www.businessinsider.com time to read: +5 min

CVS Health just said it wants to buy primary-care company Oak Street Health for $10.6 billion. CVS Health is finally entering the arms race among health insurers and big retailers to employ doctors. Oak Street gets most of its revenue from relationships with CVS-owned Aetna rivals Humana, Centene, and UnitedHealthcare. And though Aetna is a big Medicare Advantage player, it also has millions of members who get insurance through their employers. Mike Pykosz, Oak Street Health CEO Oak Street HealthGuertin also noted that the improved health outcomes and better experience provided in Oak Street clinics would help Aetna hold onto its Medicare Advantage patients.

Nov 2 (Reuters) - CVS Health Corp (CVS.N) on Wednesday forecast a 2023 profit below Wall Street estimates and said it hoped to mitigate the hit from a performance rating decline for its most popular Medicare plan by encouraging members to shift to other plans. read more CVS took a pre-tax charge of $5.2 billion in the third quarter related to the settlement. The settlement price, which was below investor expectations, according to Evercore ISI analyst Elizabeth Anderson, and other measures announced by the company helped lift CVS Health shares nearly 5%. In its insurance business, CVS said it is trying to move members out of Aetna's National PPO plan, which currently accounts for 59% of its Medicare Advantage plan members. CVS' health insurance business as well as peers Elevance Health (ELV.N) and UnitedHealth (UNH.N) have benefited from a slow recovery in elective procedures and a fall in COVID cases that has kept costs in check.

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