Our shipyards design, build and repair complex ships, from 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.

In 2016, we were named the prime contractor for the Navy’s Columbia-class ballistic missile submarine program, and we cut steel for the first hull in August in preparation for construction slated to start in 2021. We delivered the USS Illinois, the 13th Virginia-class submarine, under cost and ahead of schedule. The group continued to execute on the DDG-51 restart program and the Expeditionary Sea Base auxiliary support ship program, and we began design work on the Navy’s new class of fleet oilers following a 2016 contract award. We also delivered six LNG-ready tankers to commercial customers and signed a new two-ship commercial containership contract.

Revenue

2014
2015
$8,202
2016

Operating Earnings

2014
2015
$725
2016

Operating Margin

2014
2015
88%
2016