An artist’s concept of the HII Patrol Frigate.
USNI News: Huntington Ingalls Industries Execs ‘Disappointed’ Over FFG(X) Loss
Huntington Ingalls Industries executives are still smarting a week after the Navy awarded a potentially multi-billion-dollar frigate contract to rival shipbuilder Fincantieri.
HII has a backlog of work worth $45 billion, leaving the firm in a strong financial position, Mike Petters, chief executive of HII, told analysts during a Thursday morning conference call. However, there’s no denying the company wanted the FFG(X) design and construction award.
“We’re obviously very disappointed in the way it came out, but we’ll get a debrief from the Navy on what happened and how it could have gone better, and we’ll go forward from there,” Petters said.
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WNU Editor: Red flags are already being raised for this contract .... The US Navy just picked a builder for its new frigate, but there may already be a problem ahead (Business Insider).
6 comments:
Why are we building frigates while we are at war with the wuflu? There's nothing about the government's response or that of the elites that would indicate that they actually think this is a real problem.
Frigates aren't going to fight the wuflu. This is looking more and more like a political gambit.
Beclowning himself
People leave home and live on ships. That is elite logic.
We do leave home and live on ships, so worthless socialists like you can have clothes, toiletries, housing, transportation and more.
This will be like the Air Forces new Tanker, suit, counter suit until Boeing fenagled the government to see it their. It will happen here too.
Maybe the problem is military procurement and the military being your customer.
If you get a contract you are okay or doing good. If no contracts, you are bankrupt.
Theses shipbuilders are not building commercial cargo ships and cruise liners and "oh by the way 10% of our business is fulfilling military contracts."
The commercial side of Boeing could carry the military side in some years or for some years.
Do military ship builders even have a commercial side?
Specs for the military use to be more demanding are were bleeding edge.
The carriers are so bleeding edge their catas didn't work.
The US needs a merchant fleet greater than 100 or so ships and they need to build their own. Having commercial ship built overseas is as stupid as getting our pharma from China.
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