Tag: SHIP
Huntington Ingalls Industries Selected To Perform Overhaul Work On USS Ramage (DDG 61)

Huntington Ingalls Industries Awards Educational Scholarships

NEWPORT NEWS, Va., Sept. 14, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that its newly established Huntington Ingalls Industries Scholarship Fund has awarded 78 scholarships to pre-kindergarten and post-secondary students. HII first announced in March that it was establishing a scholarship fund that would be administered by Scholarship Management Services, a division…

PHOTO RELEASE–Huntington Ingalls Industries Selected To Perform Overhaul Work On USS Ramage (DDG 61)

PASCAGOULA, Miss., Sept. 14, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division has been awarded a $14 million base contract to perform an extended selected restricted availability on the Arleigh Burke-class (DDG 51) destroyer USS Ramage (DDG 61). With all options exercised, the total contract value would be $21.4 million. USS Ramage…

Plug Power and Mitsubishi Nichiyu Show Fuel Cell Powered Forklift at Logis Tech Tokyo

LATHAM, N.Y., Sept. 14, 2016 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ:PLUG), a leader in providing energy solutions that change the way the world moves, announces that Mitsubishi Nichiyu Forklift is displaying one of the company’s GenDrive fuel cell systems in its industrial trucks at Logis Tech Tokyo – the culmination of a year of…

Reliance and Vorbeck Announce Partnership to Develop Graphene-Enhanced Elastomer Products

JESSUP, Md. and MUMBAI, India, Sept. 13, 2016 (GLOBE NEWSWIRE) — Reliance Industries Ltd, one of Asia’s top petrochemical production companies, and Vorbeck Materials Corp., a leading producer of graphene and graphene-based products, announced today that they have signed a joint development agreement to develop graphene-enhanced synthetic elastomer products.  “Vorbeck’s ability to develop innovative graphene-based…

SN3 to Sponsor 2016 National Cleanup Workshop

NEWPORT NEWS, Va., Sept. 13, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that its SN3 subsidiary is a platinum sponsor of the 2016 National Cleanup Workshop. Organized by Energy Communities Alliance, the event will take place Wednesday and Thursday at the Hilton Alexandria Mark Center in Alexandria. During the workshop, Department of…

Forecast International: Insatiable Demand for Data and Connectivity Drive Commercial Satellite Market

NEWTOWN, Conn., Sept. 12, 2016 (GLOBE NEWSWIRE) — Market intelligence firm Forecast International is projecting that more than 540 satellites will be produced worldwide over the next 10 years.  The company’s new study “The Market for Commercial Communications Satellites” reports that, from 2016-2025, the value of production of this market will total an estimated $60.7…

Huntington Ingalls Industries Continues to Make Strides on Aircraft Carrier John F. Kennedy (CVN 79)

PHOTO RELEASE–The Apprentice School at Newport News Shipbuilding Praised as Center for Training Excellence

NEWPORT NEWS, Va., Sept. 08, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that The Apprentice School at its Newport News Shipbuilding division has been reaccredited until 2022 by the Council on Occupational Education. To retain accreditation, The Apprentice School must maintain quality programs, undergo an extensive self-review process, and continue to meet…

Hooker Furniture Reports Fiscal First Half Results

MARTINSVILLE, Va., Sept. 08, 2016 (GLOBE NEWSWIRE) — Hooker Furniture (NASDAQ:HOFT) today reported consolidated net sales of $136.2 million and net income of $5.3 million, or $0.46 per diluted share, for its fiscal 2017 second quarter ended July 31, 2016. Earnings per diluted share increased nearly 28% from $0.36 in the comparable prior year quarter….

Global Defense Market on Upswing as Asia Spearheads Growth

NEWTOWN, Conn., Sept. 8, 2016 (GLOBE NEWSWIRE) — After several years in the doldrums, the global defense market once again returned to growth in 2015. Growth began occurring not only where regional rivalries and strategic crossroads served to potentially unleash conflict, but also in markets once on long downward trajectories such as in Europe. While…

VIDEO RELEASE–Ingalls Shipbuilding Employee Featured in Huntington Ingalls Industries’ Shape of Freedom Campaign

PASCAGOULA, Miss., Sept. 06, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) is showcasing Dianna Genton, a naval architect at its Ingalls Shipbuilding division, as the company’s latest brand ambassador for its new Shape of Freedom advertising campaign. Genton, a 13-year Ingalls veteran from Fort Myers, Florida, shares her dedication to her work at Ingalls…

VIDEO RELEASE–AMSEC Employee Featured in Huntington Ingalls Industries’ Shape of Freedom Campaign

NEWPORT NEWS, Va., Sept. 06, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) is showcasing Ali Harkous, manager of the surface program management office at HII’s AMSEC subsidiary, as the company’s latest brand ambassador for its new Shape of Freedom advertising campaign. Harkous, an immigrant from Lebanon and U.S. Navy veteran, shares his dedication to…

Iridium Leads Maritime Market with High-Performing Numbers

MCLEAN, Va., Sept. 06, 2016 (GLOBE NEWSWIRE) — Iridium Communications Inc. (NASDAQ:IRDM) announced today that over the last 12 months, ending June 30, 2016, the company shipped over 2,200 Iridium Pilot® units, concluding with one of the best quarters in company history.  Iridium Pilot, which is powered by Iridium OpenPort®, Iridium’s current global broadband service,…

VIDEO RELEASE–Ingalls Shipbuilding Completes First Set of Builder’s Trials for Destroyer John Finn (DDG 113)

PASCAGOULA, Miss., Sept. 02, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today the completion of the first round of sea trials for the guided missile destroyer John Finn (DDG 113). The Arleigh Burke-class (DDG 51) ship, built at HII’s Ingalls Shipbuilding division, spent three days in the Gulf of Mexico testing the ship’s…

Eckrich, Operation Homefront and Albertsons Honor Military Family

LISLE, Ill., Sept. 02, 2016 (GLOBE NEWSWIRE) — Eckrich, the makers of naturally hardwood smoked sausage and savory deli meats, partnered with Albertsons and Operation Homefront, a national nonprofit whose mission is to build strong, stable, and secure military families, to honor a Texas military family Thursday morning. A photo accompanying this announcement is available…

PHOTO RELEASE–Huntington Ingalls Industries Completes Submarine Post-Shakedown Availability

NEWPORT NEWS, Va., Aug. 31, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division has completed post-shakedown availability (PSA) work on the submarine USS John Warner (SSN 785). It was the shipyard’s first PSA of a Virginia-class submarine and the first accomplished without having to put the boat…

FEI Celebrates Shipment of 1,000th Helios DualBeam System

PHOTO RELEASE–Ingalls Shipbuilding Awarded $88.2 Million Advance Procurement Contract for a Ninth NSC

PASCAGOULA, Miss., Aug. 30, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division today received an $88.2 million fixed-price contract from the U.S. Coast Guard to purchase long-lead materials for a ninth National Security Cutter (NSC). “NSC 9 will build on the performance record of her predecessors in the Legend class,” said Ingalls…

Galaxy Gaming Announces the Completion of a $10.5 Million Term Loan Which Refinances Existing Long-Term Debt

LAS VEGAS, Aug. 29, 2016 (GLOBE NEWSWIRE) — Galaxy Gaming, Inc. (OTC:GLXZ), announced today that it has successfully completed the closing of a new $10.5 million Term Loan that matures in August 2021. The new $10.5 million Term Loan refinances the existing long-term debt outstanding which originated due to the 2011 asset purchase of Prime…

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