Baliga said defence has remained a policy priority for the government, as reflected in sustained order inflows. “Orders are not the issue. The challenge over the last one-and-a-half to two years has been capacity bottlenecks, which led to execution delays at companies such as PSU banks preferred over private lendersWithin financials, Baliga said he currently prefers public sector banks (PSU banks) over private sector peers. “Private banks have underperformed over the last few months, while PSU banks have d ...

NEWPORT NEWS, Va., Dec. 16, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Newport News Shipbuilding division has reached a significant construction milestone for Virginia-class submarine Oklahoma (SSN 802). Oklahoma is now “pressure hull complete,” which signifies all of the hull sections have joined to form a single, watertight unit. “Achieving pressure hull complete on Oklahoma highlights our commitment to accelerating production and delivering unmatched capability to our Navy customer ...

Traders work on the floor of the New York Stock Exchange on Dec. 11, 2025, in New York City.Spencer Platt | Getty ImagesThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Cold front2. The KevinsKevin Hassett, director of the National Economic Council (L), and Kevin Warsh, former governor of the U.S. Federal Reserve.ReutersFormer Federal Reserve Governor Kevin Warsh has made his way to t ...

German shipbuilder Meyer Werft has clinched an order worth €10 billion ($11.7 billion) through 2033 with Swiss cruise operator MSC Cruises https://t.co/jRyUYNFixH ...

People are working all throughout the ship on outside, inside, electrical pipes are being ran, people are welding, cranes are putting down huge, huge pieces. At this site in Southern Philadelphia, $5 billion is being invested by South Korean shipping conglomerate Hanwha. It hopes to turn this decades old shipyard into a state of the art facility, and help the U.S. become a major shipbuilder again.China dominates the global commercial shipbuilding industry, accounting for 53% of global market share, followed ...

President Donald Trump has vowed to lead a revival in U.S. shipbuilding, but the success of this manufacturing renaissance in a key sector for national security will rely on the expertise from overseas. The administration's goal of a shipbuilding boom is a part of Trump's "Make America Great" policy agenda. Trump signed an executive order in April to bolster the shipbuilding industry, but many industry executives have warned it won't be easy given the current state of the domestic industry, and foreign inve ...

Australia will allow South Korea’s top defense firm Hanwha Aerospace to increase its stake in shipbuilder Austal Ltd. to 19.9%, Treasurer Jim Chalmers said after agreeing to a recommendation from the Foreign Investment Review Board https://t.co/xPcCfvoypH ...

NEWPORT NEWS, Va., Dec. 11, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted an Australian delegation led by Richard Marles MP, deputy prime minister and minister for defence, at its Newport News Shipbuilding division Tuesday. The visit was held in support of the trilateral Australia, United Kingdom and United States (AUKUS) partnership. HII continues its commitment to supporting AUKUS, which set in motion tasking across all three countries to determine the optimal pathway to provide Australia with conventio ...

Palantir Technologies (PLTR) recently landed one of its most significant defense contracts yet as the U.S. Navy tapped the software firm to overhaul submarine production through artificial intelligence. The deal authorizes up to $448 million to deploy Palantir's technology across America's entire Maritime Industrial Base under an initiative called ShipOS. www.barchart.com The Virginia-class and Columbia-class submarine programs are billions of dollars over budget and years behind schedule. The Columbia-c ...

作为江苏"新出海口"，南通积极拥抱长三角。全市超过七成的规上工业企业与上海的高校院所"结对创 新"，九成新引进项目深度嵌入沪苏产业链。近五年，沪通两地产学研合作项目超过1000项，联合孵化 的科创企业达40多家，沪通合作园区已在所有县（市、区）落地生根。长三角国家技术创新中心南通分 中心等一批高能级平台的落户，让"沿江创新带"上的南通节点更加闪耀。 扬子晚报网讯(记者 吴佳笑)"十四五"以来，南通市以建设更高水平国家创新型城市为目标，全力推动科 技创新与产业创新深度融合，在培育新质生产力、深化区域协同、优化创新生态等方面取得一系列标志 性成果，为高质量发展注入了强劲的"科"动力。 南通致力于打造"如鱼得水"的创新生态，城市吸引力与日俱增。自2021年起，连续四年入选"外籍人才 眼中最具吸引力的中国城市"候选榜单。背后是一系列贴心的"南通服务"：全省率先开设外国人才工 作、居留许可"一窗联办"，办理时限压缩一半；实施长三角范围内资质互认，为人才自由流动提供便 利。 企业是创新的主角。南通精心构建"微成长、小升高、高变强"的梯次培育链，推动创新型企业"森林"日 益茂盛。预计到2025年底，全市高新技术企业将突破5 ...