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HII awarded $58M for work on Columbus, Helena submarines by Tauren Dyson Washington (UPI) Sep 25, 2019 The U.S. Navy has awarded Huntington Ingalls Industries with $58 million in contracts for repair and modernization work on two Los Angeles-class fast-attack submarines. The Department of Defense on Tuesday announced HII received a $38 million contract for work on the USS Helena, and a $20 million contract for work on the USS Columbus. The contracts cover repair, maintenance, upgrades and modernization for the vessels, which "is necessary to ensure the submarine is operating at full technical capacity as defined in the availability work package." Both the Helena and the Columbus are Los Angeles-class nuclear-powered fast attack submarines, which forms the backbone of the U.S. Navy's submarine force. The Los Angeles-class submarines are used to perform stealth missions such as deploy special forces, minelaying, precision land attacks, or anti-submarine or surface warfare. The vessels have a vertical launch system for Tomahawk cruise missiles and an improved hull design for under-ice operations. Both contracts call for work to be completed by January 2020.
Nuclear-powered subs set to be fastest growing segment of global submarine market by 2029 London, UK (SPX) Sep 17, 2019 Navies across the globe are enhancing their undersea warfare capabilities by commissioning advanced submarines, primarily to gain asymmetric advantage over their opponents and to protect their national interests. Therefore, nuclear-powered ballistic missile submarines (SSBN) are expected to account for 40% revenue share of the total global submarine market by 2029, which is up from 29% in 2019, according to GlobalData, a leading data and analytics company. GlobalData's latest report, 'The Gl ... read more
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