Latest news with #submarines
Yahoo
2 days ago
- Business
- Yahoo
Labour is delivering for defence in Scotland through Clyde 2070, says Inverclyde MP
It's been a busy few weeks both in Westminster and back home in the constituency. The House of Commons rises for summer recess next week, and I'm looking forward to a summer of getting out and about meeting as many people, groups, and businesses as possible. Yesterday, I held street surgeries in Braeside and it was great to speak to people on their doorsteps and see what I can do to support them, and over the weekend I'll be out in Port Glasgow. We've got street and high street business surgeries planned in addition to my regular coffee mornings and advice surgeries over the summer so please do get in touch with my office if you'd like to know when we're next in your area! We're delivering for defence in Scotland The UK Government's announcement of a £250 million investment at HM Naval Base Clyde is welcome news and, on Wednesday, I joined colleagues at the base to discuss how this funding can benefit communities across the west coast. More than 6,000 people work at HM Naval Base Clyde. (Image: Newsquest)HMNB Clyde is already one of the largest single employment sites in the west of Scotland with more than 6,000 people employed there, many from our area. The Clyde 2070 programme will modernise the base to support the next generation of submarines, and this defence dividend can be maximised by local communities for years to come. It will open up skilled roles in the defence sector – an area where Inverclyde has real potential to lead. I'll be working to ensure that local people benefit from this investment. Through this, we can foster skills and deliver for the next generation of workers in our area. I'll keep fighting for Ferguson Marine This week, the chief executive of Ferguson Marine, Graeme Thomson, appeared before the Scottish Affairs Committee in the House of Commons and, once again, said that the yard will struggle if they are overlooked for the replacement contract for the MV Lord of the Isles ferry. We can't have a situation again where work for Scottish boats is sent overseas. Graeme Thomson appeared before MPs at Westminster this week. (Image: Ferguson Marine) I was proud to see the UK Government delivering for Fergusons as they signed a contract with BAE Systems to build structural components for one of the Royal Navy's new state-of-the-art warships. Now, we need the Scottish Government to step up and step in to ensure the yard's place on the Clyde for the next generation. Over the coming months, I'll continue to push CMAL and the Scottish Government to do right by the yard. Our UK Labour Government is empowering young people One of the most exciting parts of my job is meeting young people across [[Inverclyde]] and Renfrewshire West and visiting our local schools. Over the past few months, I've visited several schools to talk about politics, democracy, and the issues that matter to them and welcomed schools to Parliament to do the same. I'm always struck by how well informed our young people are about politics and how engaged they are in making a change in their community. That's why I welcome the UK Government's announcement that it plans to lower the voting age to 16 before the next general election. Young people aged 16 and 17 will soon be able to vote in UK elections. (Image: PA) Young people are already able to vote in Scottish council elections and Scottish Parliament elections. It's right that it should be the same for UK elections. Young people are already shaping our communities, and they deserve a say in the decisions that affect their future. Bank cards will be now also accepted as voter ID at polling stations, stripping away the red tape for voters to make your lives easier.
Yahoo
4 days ago
- Business
- Yahoo
BWXT Announces $2.6 Billion in Contracts for Naval Nuclear Reactor Components
LYNCHBURG, Va., July 17, 2025--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) announced today the award of U.S. Naval Nuclear Propulsion Program contracts totaling approximately $2.6 billion, including future year options, for manufacturing naval nuclear reactor components. The contracts primarily support Virginia and Columbia-class submarines as well as some work for certain Ford-class aircraft carrier components. Products contracted with these awards will be delivered during the next six to eight years. "The BWXT team is proud to produce this essential hardware that allows the U.S. Navy to carry out its critical national security mission," said Gary Camper, BWXT's Nuclear Operations Group president. "That commitment to quality is the legacy that comes from our more than 70 years of service to the Navy." A naval nuclear reactor is a highly complex assembly requiring several large, heavy components, numerous smaller, finely machined components, and highly enriched uranium fuel. BWXT manufactures and assembles these parts into a naval nuclear reactor. BWXT facilities in Ohio, Indiana, Tennessee and Virginia contribute to the process. These contracts build on the $2.1 billion in awards announced in February. Forward-Looking Statements BWXT cautions that this release contains forward-looking statements, including statements relating to the performance, timing, impact and value, to the extent contract value can be viewed as an indicator of future revenues, of the contracts for the manufacture of naval nuclear reactor components. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the contracts, funding of current and future work and delays in performance. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see BWXT's annual report on Form 10-K for the year ended December 31, 2024, and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law. About BWXT At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. With nearly 10,000 employees, BWXT and its affiliated companies have 20 major operating sites in the U.S., Canada and the U.K. BWXT and its industry partners support the U.S. Department of Energy and National Nuclear Security Administration across more than a dozen major contracts in North America. For more information, visit Follow us on LinkedIn, X, Facebook and Instagram. View source version on Contacts Media Contact John DobkenSenior Manager, Media & Public Relations202.428.6913 jcdobken@ Investor Contact Chase JacobsonVice President, Investor Relations980.365.4300 investors@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Russia Today
6 days ago
- Business
- Russia Today
India to invest over half a billion dollars to expand naval shipyard
India is planning to invest up to $588 million in its shipbuilding infrastructure in Mumbai, India Today reports, citing sources. Government-run Mazagon Dock Shipbuilders Limited (MDL) is looking to reclaim 10 acres of marine area near its existing Mumbai facility to create two new basins for the simultaneous construction and repair of large warships and submarines, according to the report. The expansion will help the dockyard meet the Indian Navy's increasing demand for advanced platforms, according to the report. It will also help double the current deadweight handling capacity from 40,000 tons to 80,000 tons. Deadweight handling capacity refers to the total weight a ship can carry, excluding the weight of the ship. MDL has also secured a 29-year lease for 15 acres of land, where shipbuilding activities have already begun. It currently has a capacity to build 11 submarines and 10 warships simultaneously, which is expected to increase as the shipyard works on two major submarine projects for the navy. The Mumbai expansion is also expected to play a crucial role in helping the Indian Navy achieve its ambitious goal of having a fleet of 175 ships and reaching 100% indigenization by 2047. Earlier this month, Andrey Puchkov, CEO of Russia's largest shipbuilding company, United Shipbuilding Corporation, said the company would like to take part in Indian defense indigenization efforts. India is building frigates which are part of the Triput class at the Goa shipyard, with transfer of technology and design assistance from Russia.
Russia Today
6 days ago
- Business
- Russia Today
India to invest over half a billion dollars to expand naval shipbuilding yard
India is planning to invest up to $588 million in its shipbuilding infrastructure in Mumbai, India Today reports, citing sources. Government-run Mazagon Dock Shipbuilders Limited (MDL) is looking to reclaim 10 acres of marine area near its existing Mumbai facility to create two new basins for the simultaneous construction and repair of large warships and submarines, according to the report. The expansion will help the dockyard meet the Indian Navy's increasing demand for advanced platforms, according to the report. It will also help double the current deadweight handling capacity from 40,000 tons to 80,000 tons. Deadweight handling capacity refers to the total weight a ship can carry, excluding the weight of the ship. MDL has also secured a 29-year lease for 15 acres of land, where shipbuilding activities have already begun. It currently has a capacity to build 11 submarines and 10 warships simultaneously, which is expected to increase as the shipyard works on two major submarine projects for the navy. The Mumbai expansion is also expected to play a crucial role in helping the Indian Navy achieve its ambitious goal of having a fleet of 175 ships and reaching 100% indigenization by 2047. Earlier this month, Andrey Puchkov, CEO of Russia's largest shipbuilding company, United Shipbuilding Corporation, said the company would like to take part in Indian defense indigenization efforts. India is building frigates which are part of the Triput class at the Goa shipyard, with transfer of technology and design assistance from Russia.
France 24
13-07-2025
- Politics
- France 24
France says Australia defence ties repaired after submarine row
Paris expressed its "strong regrets" when Australia tore up a multibillion-dollar deal to buy a fleet of diesel-powered submarines from France, Ambassador Pierre-Andre Imbert said. Since the 2022 election of Prime Minister Anthony Albanese, however, the defence relationship had been "restarted", he said. "Now, the first pillar of our cooperation is defence and security, so we have a very good level of cooperation," the ambassador told AFP as French forces joined major military drills around Australia. When Australia ditched the French deal, it opted instead to acquire nuclear-powered vessels in a new three-way AUKUS pact with the United States and Britain. But a US defence official last month revealed that a review of AUKUS was underway to ensure it "aligned with the President's America First agenda" and that the US defence industrial base was "meeting our needs". Under the AUKUS deal, Australia would acquire at least three Virginia class submarines from the United States within 15 years, eventually manufacturing its own subs. The US Navy has 24 Virginia-class vessels but American shipyards are struggling to meet production targets set at two new boats each year. Asked if France would ever consider discussing a new submarine deal with Australia if the AUKUS agreement was torpedoed by the review, the French ambassador said he was reluctant to speculate. "I would say it's more an issue for Australia for the moment. And of course, we are always discussing with our friends of Australia," he said. "But for the moment, they have chosen AUKUS," he said. "If this changes (and) they ask, we'll see." More than 30,000 military personnel from 19 nations are set to join the three-week, annual Talisman Sabre military exercises, which started Sunday across Australia and Papua New Guinea.
