Newport News Shipbuilding

Gasoline was a major contributor to the monthly increase.

Newport News Shipbuilding has received a $56 million Navy contract for engineering and design work supporting the AUKUS submarine partnership.

The agreement could eventually be worth $91 million.

A federal judge has issued a preliminary injunction preserving White House access for CNN, MS Now, and Politico while their constitutional challenge proceeds.

And in Newport News, we've been an industrial town.

We've got Newport News Shipbuilding.

We've got some technology with the Jefferson Lab.

We've got Libra American.

The, um, but, you know, quality is, is, is, is a major issue.

And even the, even the experienced shipbuilders, uh, the one, the, the, the, the primes, which are electric boat, uh, G- G- General Dynamics Electric Boat, and Newport News Shipbuilding, HII's company, um, from time to time have major problems, technical problems that are uncovered.

Uh, that's been a factor f- uh, since they've been building submarines, and it's, uh, it never really totally gone away.

Uh, the more people you involve in this, the more people have to learn these techniques.

But apparently we've had a persistent submarine production bottleneck, and the president announced yesterday Arsenal Two, which is a hundred and eighty-seven acre manufacturing site at Sparrows Point, and it's being backed by, uh, almost four billion dollars from Anduril and a Navy contract worth up to about three billion dollars.

And the site will build these large sections and all kinds of important parts for Virginia-class submarines before sending them over to General Dynamics', um, Electric Boat in, in the Newport, Newport News Shipbuilding yards for final assembly.

The United States is trying to rebuild a shipping industry, a shipbuilding industry that has shrunk for decades while China has, uh, you know, expanded theirs majorly, rapidly.

China's shipbuilding capacity is supposed to be two hundred times ours.

He's announcing, as you can see there, that the Navy has awarded a $2.9 billion contract to Anduril Industries to develop a facility they're calling Arsenal 2, which will help accelerate attack submarine construction.

The White House said the contract will be matched by a $3.7 billion private capital investment by Anduril, and the new facility will build complex components and large scale as- assemblies of the Virginia class submarine and deliver them to Electric Boat in Newport News Shipbuilding for their final assembly.

All together, the White House said this will add up to a $6.6 billion investment in shipbuilding capacity.

The production will take place at Trade Point Atlantic in Baltimore County, Maryland, where the White House says the project is going to create 3,100 direct jobs and support more than 11,000 jobs on top of that indirectly.

Some real economic news on the other side, Maya.

On September 30th, Newport News Shipbuilding was awarded a $5.1 billion contract for the refueling and complex overhaul of the USS Harry S. Truman.

The carrier departed Naval Station Norfolk the same day and transited the Elizabeth River to begin the shipyard phase.

$5 billion of shipyard work.