Defense Maritime Solutions plans to invest more than $30 million at its Chesapeake, Va., operations to establish a U.S. manufacturing and testing capability for large Wärtsilä medium-speed marine engines.
The Congressional Budget Office has released a report on the estimated cost for the Navy's Trump class battleship and its 2027 shipbuilding plan.
Hanwha Group has offered to acquire Austal’s U.S. shipbuilding operations for as much as $1.2 billion, as the South Korean conglomerate looks to expand its presence in the U.S. defense shipbuilding market.
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