Welcome to Mara Lago for this exciting announcement of the new Golden Fleet. We're calling it the Golden Fleet that we're building for the United States Navy. As you know, we're desperately in need of ships.Some of them have gotten old and tired and obsolete and we're going to go the exact opposite direction. We just wanted peace through strength. Hopefully, we'd never have to use them.But there will never be anything built like these. Think of it. Those battleships are incredible.These have 100 times the. ...

UK and Norway form naval alliance to hunt Russian submarines https://t.co/PH250UlZ5w ...

Financial Performance - Sales reached $869 million, a 9% increase overall, with organic growth at 6%[6] - Operating income increased by 14% to $170 million, resulting in a year-over-year margin expansion of 90 bps to 196%[6] - Diluted EPS increased by 14% to $340[6] - Free Cash Flow (FCF) increased by 8% to $176 million, with an FCF conversion rate of 137%[6] Orders and Backlog - New orders totaled $927 million, an 8% increase, resulting in a book-to-bill ratio of 11x[6] - Backlog increased by 14% year-to-date[6] Guidance - Total sales growth guidance increased to 10-11%, with organic growth now up 7-8% year-over-year[6] - Operating income growth guidance increased to 16-19%, maintaining an operating margin of 185-187%, up 100-120 bps year-over-year[6] - The company is on track to deliver 19-21% EPS growth and strong FCF generation at approximately 108% conversion[6] Segment Performance - Aerospace & Industrial sales increased by 8% to $248 million, driven by strong demand in Commercial Aerospace and higher sales in Aerospace Defense and Ground Defense[7] - Defense Electronics sales increased by 4% to $253 million, driven by higher revenues in Aerospace Defense and Naval Defense[7] - Naval & Power sales increased by 12% to $368 million, driven by higher Naval Defense revenues and solid organic growth in Commercial Nuclear[7]

America’s USS Gerald Ford, the largest aircraft-carrier in the world, will take at least a week or more to get from Europe to the Caribbean. We assess what might happen when it arrives https://t.co/8DUeqVLPZA ...

U.S. Submarine Industrial Base Challenges - The U.S submarine industrial base is facing a massive issue, causing concern among U.S officials [1] - Next-generation submarine programs are facing delays, including the Columbia Class submarines delayed by 12-17 months and Virginia Class attack submarines delayed by 24-36 months [2] - The U.S may not be able to produce enough submarines to replace aging fleets, and the Navy has not met its goal of building one Columbia Class and two Virginia Class submarines per year [3] - Shipyards are facing attrition rates as high as 30% for some skilled trades, with not enough new people to replace them [4] - The Navy needs to hire 140,000 workers over the next decade to meet the growing need for submarine construction and repair [5] China's Submarine Capabilities - China is rapidly building its undersea fleet at a rate of 4-6 nuclear-powered submarines per year [6] - China is projected to have 80 submarines by 2035, raising concerns in Washington about China's investment in R&D and shipyards [6] Revitalization Efforts - A 100,000 square foot training facility in Virginia is part of efforts to boost development and hiring [7] - The training program lasts 16 weeks and aims to address the skilled labor shortage by training individuals for jobs in the submarine industrial base [7]

Britain’s naval dockyards prepare for a building boom https://t.co/2Ii3jUaKEW ...

The death of a young submariner has highlighted the U.S. Navy’s struggles to maintain its fleet🔗: https://t.co/lxB7wRGUMF https://t.co/Tt8rZw4tky ...

CNBC's Morgan Brennan reports on the latest developments in the Israel-Iran conflict following Washington’s surprise attack against Iranian nuclear sites. ...