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NEWPORT NEWS, Va., March 04, 2019 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that Carlos Aguayo has been named general manager of the HII San Diego Shipyard. He will replace Daniel Flood, who is retiring after 40 years in the ship repair and defense contracting industry. Aguayo will be responsible for the overall… Read More
FY19 CHARLESTON LOWER HARBOR MAINTENANCE DREDGING This acquisition is being advertised for full and open competition and will result in a firm-fixed-price contract award. DESCRIPTION OF WORK:The work consists of maintenance dredging approximately 1,697,500 cubic yards of unclassified material from the Charleston Lower Harbor which shall be deposited in the Charleston Ocean Dredged Material Disposal… Read More
The Greater Houston Port Bureau has named Jim Black, president and CEO of Moran Shipping Agencies Inc., as the recipient of the bureau’s 2019 Maritime Leader of the Year award. The Greater Houston Port Bureau will honor Black at its annual maritime dinner event, scheduled for August 17. Black moved to Houston some 44 years… Read More
Danny Georgiadis, PhD: I was humbled and honored to receive 2018 Engineer of the Year at the DCCEAS Awards Banquet Saturday. Thank you to the American Society of Naval Engineers (ASNE) for nominating me and to all who participated! Began career in the electrical construction industry in 1998. Joined civil service at NAVSEA in 2001… Read More
Caption for photo: WCI President & CEO Mike Toohey (left), and WCI Chairman Peter Stephaich (right) greet Sen. Tammy Duckworth (D-Ill.) at WCI’s Annual Leadership Service Award event, held in Washington, D.C., on February 12. (Photo courtesy of WCI) Waterways Council Inc. (WCI) honored Sen. Tammy Duckworth (D-Ill.) with its 18th Annual Leadership Service Award… Read More
Caterpillar Inc. (NYSE: CAT) announced today several officer moves including changes in responsibilities for three Executive Office members, new roles for two current vice presidents and the appointment of two new vice presidents. All changes are effective March 1. “These organizational changes will facilitate the acceleration of our strategy for continued profitable growth,” said Caterpillar… Read More
Photo By Richard Reihsmann | Dr. Jane McKee Smith, a senior scientist in the Coastal and Hydraulics Laboratory, is an elected member of the National Academy of Engineering VICKSBURG, Miss. — Dr. Jane McKee Smith, a senior research scientist with the Coastal and Hydraulics Laboratory at the U.S. Army Engineer Research and Development Center, has… Read More
Image of Ramin Younessi Caterpillar’s Ramin Younessi is to take over as head of the group’s Construction Industries segment, having been group president of Energy & Transportation. He replaces Tom Pellette, who has elected to return to San Diego, California, for family reasons. Pellette will serve as president of Solar Turbines, a wholly-owned subsidiary of… Read More
Photo by Rod Prado, Hello Woodlands AUSTIN, TX – On February 20, Lt. Governor Dan Patrick announced the reactivation of the Senate Select Committee on Texas Ports, under the chairmanship of Senator Brandon Creighton (R-Conroe). Following the 84th Regular Session, then Chairman Creighton was selected to lead this very same committee to discuss the economic… Read More
US-headquartered SPX Corporation has announced that it has completed the acquisition of the Sabik Marine and obstruction lighting business of Carmanah Technologies Corporation. The results of the purchased business will be reported with SPX’s Communication Technologies businesses within its Detection & Measurement segment. “We are excited to welcome the Sabik team to SPX,” said Gene… Read More
The Association of Equipment Manufacturers (AEM) officially kicked off its year-long 125th anniversary celebration. AEM is a North American-based international trade group representing off-road equipment manufacturers and suppliers. Its member companies manufacture and market a wide variety of equipment, from large earth movers and agricultural equipment to smaller hand-held, portable and walk-behind machinery. In 1894,… Read More
Full year net income from continuing operations $11.0 million Full year Adjusted EBITDA from continuing operations, excluding restructuring $109.8 million Net debt reduction of $115 million for the full year Backlog of over $707 million as of year-end 2018, up nearly $200 million from the prior year Expects to divest Environmental and Infrastructure business in… Read More
BSI is pleased to announce the acquisition of Hundested Propeller A/S, world-leading supplier of Controllable Pitch Propellers, Controllable Pitch Gearboxes, Tunnel and Retractable Swing Thrusters for the Maritime Industry Worldwide. Hundested Propeller focus on high quality products based upon superior design and customer service. It is a natural fit to BSI`s existing portfolio and we… Read More
Virtu Financial LLC purchased a new position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 34,553 shares of the construction company’s stock, valued at approximately $229,000. Virtu Financial LLC owned 0.06% of Great Lakes Dredge… Read More
Bank of New York Mellon Corp boosted its stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 4.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 662,831 shares of the construction company’s stock after purchasing an additional 30,425 shares during the period. Bank of New York… Read More