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☆ Elon Musk is looking for trillions in government waste, and defense is a massive potential target
▼ + stars: | 2024-11-16 | by ( Jake Epstein | Grace Kay | ) www.businessinsider.com time to read: +10 min

President-elect Donald Trump has tapped Elon Musk to help spearhead cuts to government spending, and the defense sector could be a prime target. But Musk's past comments hint at one area he could target: defense contracts. Musk built SpaceX's business model around fixed-price contracts. Musk's new initiative could recommend exactly this: a move away from cost-plus contracts toward fixed-price contracts. An aerial view of the Pentagon AP Photo/Patrick Semansky, FileMusk's new initiative may target other areas of Pentagon spending, as well.

Persons: Donald Trump, Elon, Elon Musk, It's, Trump, Musk, Julia Demaree Nikhinson, Clayton Swope, Walter Isaacson's, Swope, John Raoux Overspending, Gerald R, Mike Gallagher, Gallagher, Ford, Steve Helber, Bryan McGrath, Todd Harrison, —, Harrison, Michael Bohnert, they've, Archer Macy, Patrick Semansky, John Harvey Jr, Mississippi Sen, Roger Wicker Organizations: Defense, Pentagon, Department of Government, SpaceX, NASA, AP, Center for Strategic, International Studies, Services, International Space, Kennedy Space Center, Littoral, Ford, DoD, Republican, Palantir Technologies, Newport News Shipbuilding, American Enterprise Institute, Shipbuilding, BAE Systems, RAND Corporation, CSIS, US Air Force, Navy, Senate Armed Services Committee Locations: Pennsylvania, Columbia, China, Wisconsin, Virginia, Mississippi

☆ The US Navy needs to find more ships it can load up with missiles amid shipbuilding delays, Congress says with eyes on China
▼ + stars: | 2024-07-12 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCongress has requested that the US Navy conduct a study looking into other ships it can arm with missiles given the pressing need to maintain US naval power amid ongoing shipbuilding delays. AdvertisementThe committee report added that it doesn't believe the Navy is adequately preparing to meet requirements for those capabilities in the near-term. Related storiesThe request comes in response to delays on the first new Constellation-class guided missile frigate, which won't be delivered until at least 2029, three years behind schedule, per a Navy report earlier this year. Newport News Shipbuilding workers and Navy sailors walk past the USS George Washington as it rests pier side.

Persons: —, George Washington, Jonathon Gruenke, Frank Kendall, Carlos Del Toro Organizations: Service, US Navy, Business, US Senate Armed Services Committee, Pacific Command, Navy, Newport News Shipbuilding, Virginian, Tribune, Getty, Columbia, Department of Defense, Air Force, Commonwealth of Locations: China, People's Republic of China, Columbia, Okinawa, Guam, Commonwealth, Northern Mariana

☆ How the US Navy tried — and failed — to sink carrier USS America for weeks
▼ + stars: | 2024-06-29 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

The penultimate conventionally-powered aircraft carrierUSS America, seen transiting the Indian Ocean, featured an angled deck that allowed it to simultaneously land aircraft while launching others from catapults off its bow. PH2 Robert D. Bungle/National Archives CatalogUSS America was initially ordered as one of the six nuclear-powered aircraft carriers in the Enterprise class. It was the second to last conventionally powered carrier, followed by USS John F. Kennedy before the Navy began building its nuclear-powered carrier fleet. The America was one of three Kitty Hawk-class carriers, including the lead ship and USS Constellation. The America was first designated as an attack aircraft carrier and reclassified to an aircraft carrier in 1975 following a major overhaul the previous year.

Persons: Robert D, USS John F, Kennedy, Kitty Hawk Organizations: America, Enterprise, Navy, USS, USS Constellation, Newport News Shipbuilding, Norfolk Naval Shipyard Locations: America, Virginia

☆ Biden promise to rival China on shipbuilding faces a big economic problem
▼ + stars: | 2024-04-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

The Biden administration is correct that China has not played fair. But he said the nations that could rival China in shipbuilding are Asian competitors. Shipbuilding subsequently dropped to around five ships per year, which is approximately the current rate of U.S. shipbuilding. President Joe Biden speaks to members of the United Steel Workers Union at the United Steel Workers Headquarters on April 17, 2024 in Pittsburgh, Pennsylvania. Biden announced new actions to protect American steel and shipbuilding industries including hiking tariffs on Chinese steel.

Persons: Biden, Ben Nolan, Nolan, Reagan, Joe Biden, Jeff Swensen, —, Darron, Wadey, Lloyd, Matson, George Washington, Ronald O'Rourke, O'Rourke Organizations: Mitsui Shipbuilding Co, Taicang Port Economic, Technological, Future Publishing, Getty, CNBC, Shipbuilding, Global, United States, Trade, U.S . Trade, U.S, China's Ministry of Commerce, United Steel Workers, Japan's Nippon Steel, United Steel Workers Union, United Steel Workers Headquarters, Analysts, Matson Shipping, Jones Act, Philly Shipyard, CMA CGM, Matson, United, Maritime Administration, U.S ., Huntington Ingalls Industries, News Shipbuilding, U.S . Navy, U.S Navy, Newport News Shipbuilding, Virginian Pilot, Tribune, Service, Force, warfighting, Navy, Biden, Congressional Research Service Locations: Taicang Port, Suzhou, Jiangsu province, China, U.S, Japan, South Korea, United States, Pennsylvania, Pittsburgh , Pennsylvania, American, Bangladesh, U.S . Virgin Islands, Great, Mississippi, Ohio

☆ 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

☆ Watch the new US Navy supercarrier USS John F. Kennedy catapult heavy cars into a river to make sure the warship can handle planes
▼ + stars: | 2024-02-26 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

A new video shows the testing of the aircraft launch system for the Navy's new supercarrier. The USS John F. Kennedy is the Navy's second Ford-class aircraft carrier. Our #NewportNewsShipbuilding division has started topside #EMALS testing on the aircraft carrier John F. Kennedy (#CVN79). A 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. AdvertisementIn addition to the Kennedy, two other Ford-class aircraft carriers, the Enterprise and the Doris Miller, are currently under construction at Newport News.

Persons: USS John F, Kennedy, —, James, John F, 9n3OhRDXAd, HII, Gerald R, Seaman Anton Wendler, Ford, Doris Miller Organizations: USS, Ford, aircraft, Service, Hornets, Huntington Ingalls Industries, Newport News Shipbuilding, US Navy, Training Air, U.S . Navy, Communication, Navy, Enterprise, Newport News Locations: Virginia

☆ A Navy jet just landed on the aircraft carrier USS Nimitz for the 350,000th time, but the famous flattop's days are numbered
▼ + stars: | 2023-05-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

A fighter jet landed on the USS Nimitz for the 350,000th time — a historic milestone. The aircraft carrier became the first in active service to hit that mark after 48 years in the Navy. Aircraft carrier USS Dwight D. Eisenhower has recorded 326,600 arrested landings, the next highest total. Craig Sicola, commanding officer of the aircraft carrier USS Nimitz (CVN 68), front seat, and Cmdr. Craig Sicola, commanding officer of the aircraft carrier USS Nimitz (CVN 68), front seat, and Cmdr.

☆ For only the second time in its history, the US Navy is beginning the slow, tricky process of taking apart a nuclear-powered aircraft carrier
▼ + stars: | 2023-05-01 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

In April, the Navy published a notice announcing the beginning of planning to scrap the USS Nimitz. But Nimitz will be only the second nuclear-powered carrier to go through deactivation and defueling. The Nimitz would only be the second American nuclear-powered carrier scheduled to be scrapped. The first is the USS Enterprise, which was commissioned in 1961 and was also the world's first nuclear-powered carrier. The private shipyard will probably be in Alabama, Texas, or Virginia, according to a draft environmental impact statement posted on a special Navy carrier disposal website.

☆ The scramble to rearm Ukraine is transforming NATO in a way that would've been hard without Putin's help
▼ + stars: | 2022-11-22 | by ( Rachel Nostrant | ) www.businessinsider.com time to read: +8 min

NATO countries have scrambled to rearm and resupply Ukraine as it fights off Russia's invasion. Troops from six NATO countries during a joint terminal attack controller training in Latvia on April 6. Germany has agreed to send some older hardware to countries that send their Soviet-made tanks and armored vehicles to Ukraine. Interoperability with weapons and alignment on tactics will also make it "veritably impossible for these countries to leave NATO," Banerjee added. "The weapons are from NATO, they're going to be from NATO, they will be back-built, and these components will be from NATO countries."

☆ The US Navy keeps finding traces of jet fuel in the water on the aircraft carrier USS Nimitz, even after it thought the water was safe
▼ + stars: | 2022-09-28 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

The US Navy recently found traces of jet fuel in the water on board the USS Nimitz aircraft carrier. Those laboratory tests, which were conducted several days after traces of jet fuel were initially detected in the ship's water, did not reveal any "measurable" amounts of hydrocarbons, highly-combustible jet fuel components, Ensign Bryan Blair, a Navy spokesperson, told Insider. Navy Times reported that traces of jet fuel — also known as jet propellant-5 or simply JP-5— was originally found in the Nimitz's water system on September 16 while the ship was in the Pacific Ocean. USS Nimitz Spokesman Lt. Cmdr. The USS Nimitz was built by Newport News Shipbuilding and commissioned in 1975.

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