- In October 2024, BAE Systems has been awarded a USD 92 million contract by the U.S. Navy to produce propulsors for Virginia-class submarines. This contract will enhance the company’s capabilities in advanced submarine technologies and strengthen its position in the defense sector, contributing to ongoing growth and innovation while supporting national security initiatives
- In May, BAE Systems celebrated its top ship repair suppliers for 2023, acknowledging their vital role in delivering quality and performance in maritime services. The event underscored the significance of strong partnerships in achieving operational excellence. By recognizing these suppliers, BAE Systems reinforces its commitment to collaboration and innovation within the ship repair industry, ensuring that they continue to meet the evolving needs of their customers and enhance overall service delivery
- In October 2023, General Dynamics NASSCO has been awarded a contract by the U.S. Navy, valued at up to USD 754 million, for the maintenance, modernization, and repair of the USS Chung-Hoon and USS James E. Williams. The initial phase, valued at USD 15.6 million, will take place in Norfolk and San Diego, with potential extensions through November 2030, further strengthening NASSCO's naval repair service capabilities
- In July 2023, Fincantieri Bay Shipbuilding and Northeast Wisconsin Technical College are expanding their partnership to enhance maritime workforce training. Following a successful pilot program, they will offer more courses to meet the growing demand for skilled professionals in the maritime manufacturing industry
- In September 2022, Fincantieri Bay Shipbuilding broke ground on a new 19,000 sq. ft. machine shop in Sturgeon Bay. The facility will enhance repair operations with modern infrastructure, supporting the Great Lakes fleet while minimizing environmental impacts for the surrounding community
