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Defense Daily, Friday, November 9, 2018, Vol. 280, Issue 30

Huntington Ingalls Posts Strong Third Quarter Results

Huntington Ingalls Industries [HII] on Thursday reported a strong third quarter with sales higher mainly on Navy and Coast Guard programs and earnings up on the higher revenue, lower taxes, a favorable change in workers’ compensation expense and a pension benefit.Net income increased 54 percent to $229 million, $5.29 earnings per share (EPS), from $149…

Analysts: Two-Year Spending Deal Likely in New Congress

The next Congress will be split between a Democratic House and a Republican Senate, and analysts expect debates regarding budget spending caps for defense and domestic spending to begin early next year.Roman Schweizer, an analyst with the Cowen Washington Research Group, said in an email that another two-year spending deal is likely to occur in…

Navy Drops Draft RFP For Helicopter Trainer Replacement

The U.S. Navy released a draft request for proposals (RFP) for its new training helicopter and gave industry hopefuls about two weeks to provide comments on how the final document, due in February, should be worded.Few changes were included in the draft request for proposals Oct. 31, but publication of the RFP is a sign…

With Threat Level Low, Navy Has No Requirement To Harden Vessels For Arctic Ops, GAO Says

The Navy has no existing or planned requirements to harden any of its surface vessels to operate in the Arctic region even though sea ice is declining for parts of the year and opening the area to more commercial activity, which is in line with the Defense Department’s current assessment that the threat level in…

Esper: INF Treaty Withdrawal Could Help Army Meet Future Long-Range Missile Goals

The Secretary of the Army on Thursday said a potential move to withdraw from the Intermediate-Range Nuclear Forces (INF) treaty could set the service up to go after missile technology needed for future multi-domain operations.Secretary Mark Esper, during a discussion at the American Enterprise Institute, called the Army’s long-range precision fires effort his top modernization…

Welding Mistake With Columbia Missile Tubes Was Bigger Problem Than BWXT Thought

Botching welds on 12 missile tubes for the Columbia-class submarine earlier this year proved a costly mistake for BWX Technologies [BWXT], which on Wednesday said the problems with its welding program in Indiana were more complicated than first thought.On a conference call with investors, BWX Technologies said its Nuclear Operations Group took a $40 million…

Army Awards Fibrotex USA 10-Year, $480 Million To Deliver New Ultra-Light Camouflage

The Army has tapped Fibrotex USA for its next-generation ultra-light camouflage program with a 10-year, $480 million deal to deliver a system capable of improved concealment from advanced battlefield sensors in all weather conditions.Fibrotex is tasked with delivering the new Ultra-Light Camouflage Netting System (ULCANS) to replace the Army’s legacy camouflage, with work expected to…