RICHLAND, Wash. -- US Ecology Washington Inc. has been awarded an $8,508,290 modification to a previously awarded firm-fixed-price, indefinite-delivery/indefinite-quantity contract modification (N4523A-23-D-4000), from the United States Navy, due to a rate change issued by the Washington Utilities and Transportation Commission at the beginning of May 2024.

This contract is for class A, B, and C low-level radioactive waste disposal services for waste under the cognizance of Puget Sound Naval Shipyard and Intermediate Maintenance Facility, and Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility.

Work will be performed in Richland, Washington, and is expected to be completed by August 2028.

Operation and maintenance, Navy funds will be made available at the task order level and funding obligated via task order awards as contracting actions occur.

The U.S. Navy's Puget Sound Naval Shipyard and Intermediate Maintenance Facility and Northwest Regional Maintenance Center, Bremerton, Washington, is the contracting activity.

Source: U.S. DoD
Associated URL: https://www.defense.gov/News/Contracts/Contract/Article/3769071/
Author: U.S. DoD 

GROTON, Conn. -- General Dynamics Electric Boat has been awarded a $7,751,287 cost-plus-fixed-fee modification to previously awarded contract (N00024-21-C-4311), from the United States Navy, to exercise an option for the continued operation, maintenance, and protection of the government-owned, contractor-operated floating dry dock Shippingport (ARDM-4).

Work will be performed in Groton, Connecticut, and is expected to be completed by May 2025.

Fiscal 2024 operations and maintenance (Navy) funds in the amount of $7,751,287 will be obligated at time of award and will expire at the end of the current fiscal year.

The U.S. Navy's Naval Sea Systems Command, Washington, D.C., is the contracting activity.

Source: U.S. DoD
Associated URL: https://www.defense.gov/News/Contracts/Contract/Article/3769071/
Author: U.S. DoD 

ROME, Italy - Italian defense companies Fincantieri and Leonardo have finalized a sale of Leonardo’s submarine business the shipyard.

Reuters first reported the sale on May 9, noting that the deal was due for public announcement imminently. Sources told the media outlet that Fincantieri will purchase the submarine unit, Whitehead Alenia Sistemi Subacquei (WASS), at a cost of between EUR250-300 million.

The report added that Fincantieri will finance the purchase through recapitalization. The company’s stock traded down 9 percent after the report broke, on concern about the size of the recapitalization, which could run to EUR500 million.

Talks have been ongoing for some time. Last month, Leonardo CEO Roberto Cingolani confirmed that the parties were close to signing a deal, but added that there had been some "temporary resistances" from internal managers regarding the specifics of the sale.

The acquisition will boost Fincantieri’s defense-related portfolio, which currently makes up about a quarter of company revenues.

Source: Reuters
Associated URL: https://www.reuters.com/markets/deals/fincantieri-buy-leonardos-submarine-business-250-300-mln-euros-sources-2024-05-09/