Largest Destroyer Built for Navy Headed to Sea for Testing

7 Dec 2015 | Author: | No comments yet »

Bath Iron Works competing for work in difficult financial times.

BATH, Maine — The Navy is taking steps to build another destroyer at Bath Iron Works, good news for a shipyard scrambling to keep its workforce busy.POPHAM BEACH – Hundreds of people gathered in Bath and at Popham Beach on Monday morning to watch the Navy’s newest “stealth” destroyer sail down the Kennebec River for the first time for testing in the open ocean.

This ship would be in addition to the currently contracted multiyear ships, subject to congressional authorization and appropriation,’’ said Captain Thurraya Kent, a Navy spokeswoman. And when the massive, $4.3 billion warship finally sailed by, dwarfing the Civil War-era fort, large crowds of onlookers along the beach cheered and waved.

The 600-foot-long Zumwalt is the largest and most technologically advanced destroyer ever built for the Navy and is the first of three Zumwalt-class ships under construction at BIW. The ship’s angular design, “tumblehome” hull sloping inward from the water line to the deck and pyramid-shaped deckhouse means the Zumwalt looks nothing like the conventional Arleigh Burke-class destroyers also built at BIW. Following the modest post-9/11 increases in defense spending, the budget has come under strong downward pressure for several reasons, including the recession of 2008, implementation of the 2011 Budget Control Act, drawdown of forces in Iraq and Afghanistan, and the Pentagon’s efforts to bring cost discipline to the acquisition process. To remain competitive in this cost-focused acquisition environment, hundreds of thousands of defense jobs have been eliminated and new processes and procedures implemented to drive down costs and increase efficiency.

Looking forward, once the three contracted Zumwalts are completed, the Navy will have only two funded surface combatant programs — the LCS/SSC and DDG-51. On Thursday, one of the few remnants of the plan goes on the auction block: 13 pages of 1963 blueprints for ‘‘Walt Disney’s Riverfront Square’’ in St. Given the Department of Defense’s focus on cost as the determinant in contract awards, BIW must find ways to reduce production costs through increased efficiency. Louis. ‘‘I believe this is the only complete set of plans,’’ said Mike Fazio, a consignment specialist working with Disney. ‘‘It’s amazing how many people don’t even know that they were going to build a park in St.

The future of Maine’s economy deserves better; and all of our nation’s citizens deserve the most combat-capable Navy and Coast Guard that taxpayers’ dollars can buy. I trust that those participating in the discussions will have the courage to make the difficult decisions that will ensure BIW’s future competitiveness and viability. NEW YORK — The average price for regular gasoline fell to the lowest level in more than 10 months as crude oil dropped, according to Lundberg Survey Inc.

The decision would take place Dec. 14 unless certain conditions aren’t satisfactory, La Nacion reported on its website Sunday. “We are going to fulfill this promise as soon as possible and as clearly as possible,” Prat-Gay said, according to La Nacion. In order to lift foreign-exchange controls, the incoming government wants new management at the central bank, Prat-Gay said, because its goals differ from the decisions implemented by current policy makers. “The unification of the exchange market will be the first signal for the economy to start normalizing,” he said.

President-elect Mauricio Macri, who takes office Dec. 10, has pledged to remove import restrictions and currency controls and let the peso float freely. Argentina is currently in default on about $28 billion of foreign-currency bonds after US District Judge Thomas Griesa blocked the country from making payments on the debt until it settles with a group of hedge funds including Paul Singer’s Elliott Management and Aurelius Capital Management.

Argentina’s official exchange rate closed at 9.7275 per dollar on Friday, compared with the implied exchange rate, known as the blue-chip swap, at 15.32.

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