Huntington Ingalls wins $175 million Navy contract for aircraft carrier maintenance work [The Daily Press]
Huntington Ingalls Industries will provide maintenance, training and planning support for aircraft carriers over the next five years under a new contract worth up to $175 million.
The contract covers engineering services, maintenance and operator training as well as technical and repair services.
The focus is on continuing maintenance of the carriers’ shipboard elevators and cargo-handling equipment, as well as on planning for the overhaul, modernization and repair of these systems.
The work, contracted by Naval Sea Systems Command, will be performed onboard U.S. naval aircraft carriers in Norfolk, San Diego, Washington State and Japan.
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LOS ANGELES, Feb. 3, 2021 /PRNewswire/ PMC Capital Partners, LLC (PMC Capital) is back again on the acquisition trail after completing the buy-out of an award-winning multifunctional engineering design firm, UniversalPegasus International, Inc., of Huntington Ingalls Industries, Inc. (NYSE: HII). Headquartered in Houston, Texas, UniversalPegasus has a track record of delivering turnkey integrated engineering, procurement, and construction management (EPCM) solutions; ranked by
Engineering News-Record (ENR) as No. 59 of the Top 500 Design Firms and among the top 10 in the petroleum sector. ENR s list ranks public and private companies by its markets share of total revenue. Financial terms of the deal with HII were not disclosed.
UniversalPegasus International poised for continued success under New Ownership
UniversalPegasus International poised for continued success under New Ownership
HOUSTON, Feb. 2, 2021 /PRNewswire/ On February 2, 2021, UniversalPegasus International was acquired by PMC Capital Partners, LLC, a private equity firm based in Los Angeles, California, from Huntington Ingalls Industries, Inc. PMC Capital is backed by a multi-billion dollar conglomerate that has more than 100 years of collective private equity experience.
The acquisition of UPI by PMC Capital will allow UPI to continue its proven track record of vertical expansion and organic growth in the oil and gas services sector. In recent years, UPI has expanded its offerings from engineering and field services to include engineering, procurement, construction management, and related construction activities. Through this transformation, UPI has been steadfast in its dedication to being the best overall project delivery compan
Gregory Beason has stepped in as president and CEO of
AllClear, which formed from the merger of Aero Precision and Kellstrom Defense. He takes the role from
Darryl Mayhorn, who has stepped down after serving as president and CEO since 2018. Beason, who had served as executive chairman of the Aero Precision board, has more than 30 years of aerospace experience and formerly was CEO of Wencor Group.
AeroParts Now named
Jeffrey Jerge CEO. Jerge brings more than 20 years of combined aerospace technology consulting, management, and leadership experience in aerospace technology companies to his new role, most recently as v-p of sales and marketing for Inventory Locator Service
With backlog of future work, General Dynamics to add 2,200 Electric Boat jobs in 2021
Alexander Soule
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The Virginia-class fast-attack submarine USS North Dakota enters the Thames River in January 2019 en route to the Naval Submarine Base New London in Groton, Conn., where the submarine was built at Electric Boat owned by General Dynamics. (U.S. Navy photo by Cmdr. Jason M. Geddes)U.S. Navy photo by Cmdr. Jason M. Geddes / Naval Submarine Support CenterShow MoreShow Less
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Kevin Graney (L), president of General Dynamics Electric Boat, with U.S. Rep. Joe Courtney, D-Conn., in December 2019. (Press photo via U.S. Rep. Joe Courtney) Show MoreShow Less