Industry Notes

Navy Shipyard Modernization Could Top $200 Billion and Take 50 Years October 5, 2026 – The Government Accountability Office (GAO) has released a report estimating that modernizing the U.S. Navy’s four public shipyards will cost over $200 billion USD and take 50 years to complete. The estimate is a revision of an original projection of […]

Army Selects New York’s Fort Drum to Host Nuclear Microreactor The U.S. Army announced in August that New York’s Fort Drum has been selected as one of five military installations to host a nuclear microreactor. This is part of the Janus Program, an initiative designed to ensure energy resilience and readiness for our nation’s military […]

U.S. and South Korea Open Shipbuilding Coordination Center The United States and South Korea officially opened a joint shipbuilding cooperation center in Washington, DC in July, launching operations for a $150 billion USD Korean investment in rebuilding American shipbuilding capacity. The Korea-U.S. Shipbuilding Partnership Center (KUSPC) will serve as the hub for Korea’s “Make American […]

U.S. Navy Accepts Two Modernized Destroyers Ahead of Schedule June 26, 2026 – The U.S. Navy accepted delivery of two modernized destroyers ahead of schedule, the USS Chung-Hoon (DDG 93) and USS James E. Williams (DDG 95). These are the second and third ships to be upgraded with Northrop Grumman’s SLQ-32(V)7 SEWIP Block 3 electronic […]

US Emerges as Leading Oil Exporter, Surpassing Saudi Arabia and Russia June 2026 – The United States is now the world’s leading oil exporter, marking a seismic shift in the global market that seemed impossible just a few decades ago. The shift began with the growth of U.S. shale production in the 2010s and accelerated […]