Our shipyards design, build and repair complex ships, form nuclear-powered submarines, surface combatants, auxiliary and combat-logistics ships to commercial Jones Act ships. With locations on both U.S. coasts, we have a long history as one of the primary shipbuilders for the U.S. Navy, constructing, delivering and maintaining the next generation of platforms.

We continued to perform well on all of our contracts and added to our already large backlog in 2017. We:

  • Received a $5.1 billion contract to complete the design and prototype development for the Columbia-class submarine.
  • Continued to produce two Virginia-class submarines per year and to prepare for the next block of boats.
  • Delivered the first ship in the DDG-51 restart program and have seven DDG-51s in the backlog.
  • Began construction of the fifth Expeditionary Sea base ship and progressed with the design of the Navy's new fleet of oilers.

Revenue

2015
2016
$8,004
2017

Operating Earnings

2015
2016
$685
2017

Operating Margin

2015
2016
8.6%
2017
Welder working