financetom
Business
financetom
/
Business
/
US Navy ship building schedules hit by supply-chain woes, labor shortages
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Navy ship building schedules hit by supply-chain woes, labor shortages
Apr 2, 2024 2:22 PM

WASHINGTON, April 2 (Reuters) - Virginia-class

submarines, an aircraft carrier and frigates being built for the

U.S. Navy are now years behind schedule because of skilled labor

shortages, design issues, and supply chain challenges stemming

from the pandemic, the Navy said on Tuesday.

U.S. Navy Secretary Carlos Del Toro in January ordered a

comprehensive review to examine national and local causes of the

challenges to shipbuilding with Tuesday's results showing that

five classes of ships being built for the U.S. Navy were running

years behind schedule.

The first ship in the new class of Frigate warships, being

built at Fincantieri SpA's ( FNCNF ) Marinette Marine shipyard in

Marinette, Wisconsin, was about three years behind, as was the

Virginia Class block IV submarine being built by General

Dynamics ( GD ) and Huntington Ingalls Industries ( HII ).

The Virginia block V, a related but separate design with

more missile launch tubes, was two years behind, the Navy's

assessment determined.

The Navy's Columbia Class submarine, capable of launching

nuclear missiles, is 12-16 months behind schedule "based on

current performance" by the contractors General Dynamics ( GD ) and

Huntington.

The Navy wants to maintain Columbia as a top priority

because it is the launch platform for the sea-launched leg of

the nuclear "triad" of nuclear-tipped weapons which also include

ground-based inter-continental ballistic missiles and

nuclear-capable bomber aircraft.

The Navy also said the Ford Class aircraft carrier, CVN 80,

was running 18-26 months behind schedule, an estimate based on

current performance. Previously it had been scheduled for

delivery in 2028.

(Reporting by Mike Stone; editing by Costas Pitas)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
EnerSys Q1 sales beats estimates, pauses FY guidance due to macro uncertainties
EnerSys Q1 sales beats estimates, pauses FY guidance due to macro uncertainties
Aug 6, 2025
Overview * EnerSys ( ENS ) fiscal Q1 net sales rise 5% to $893 mln, beating estimates, per LSEG data * Adjusted EPS of $1.11 missed analyst expectations, per LSEG data * Co announces $1 bln increase in stock repurchase authorization Outlook * EnerSys ( ENS ) expects Q2 net sales of $870M to $910M * Company anticipates Q2 adjusted...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Lender Goeasy's Q2 revenue up 11%
Lender Goeasy's Q2 revenue up 11%
Aug 6, 2025
Overview * Goeasy ( EHMEF ) Q2 revenue rises 11% yr/yr to C$418 mln * Adjusted EPS of C$4.11 beats analyst expectations * Net charge-off rate improves to 8.8%, reflecting better credit practices Outlook * Goeasy ( EHMEF ) reiterates full-year 2025 forecast provided in February * Goeasy ( EHMEF ) sees growth potential in Canada's C$230 bln non-prime market...
Canada's Taseko Mines Q2 revenue misses expectations
Canada's Taseko Mines Q2 revenue misses expectations
Aug 6, 2025
Overview * Taseko Mines ( TGB ) Q2 revenue of CAD 116 mln missed analyst expectations * Adjusted EPS for Q2 met expectations at CAD 0.04 loss per share * Co's Gibraltar SX/EW plant restarted, Florence Copper project over 90% complete Outlook * Taseko expects copper production of 110-120 mln pounds in 2025 * Florence Copper on track for first...
Copyright 2023-2026 - www.financetom.com All Rights Reserved