GE Ships LM2500 Marine Gas Turbine for US Navy
GE's Marine Solutions division said it has shipped a LM2500 marine gas turbine propulsion module that will help power the U.S. Navy's 75th DDG Arleigh Burke-class destroyer Jack H. Lucas (DDG 125). Shipbuilder Huntington Ingalls Industries' Ingalls Shipbuilding division will construct this new destroyer with U.S. Navy Flight III upgrades incorporated. Each DDG destroyer features four GE LM2500 marine gas turbines in a combined gas turbine and gas turbine (COGAG) configuration. "Since 1991 - for just the U.S.
UniversalPegasus Appoints Bury as VP
Huntington Ingalls Industries (HII) subsidiary UniversalPegasus International has named Greg Bury vice president of business development in Canada. He will report directly to UPI President Philip Luna. Bury has been involved with business development throughout his 30-plus years in business. For the last five years, he worked for a 300-person engineering, procurement and construction management firm in Calgary that specializes in oil and gas engineering—specifically gas processing and gas plant design.
Energy Sector Volatility Affects Middle Market M&A Activity
Market volatility for the petroleum sector provides a backdrop to an evolving Merger & Acquisitions environment for the Offshore Sector. In the 3Q edition of Maritime Professional, this series of articles examined the overall evolution of maritime and offshore M&A activity since 2010, tracing the flow of deals in the post-financial crisis era. In this edition, we take a closer look at relevant U.S. offshore energy industry deal flow and market movements as they relate to oil prices over time, and highlight some recent middle market transactions.
S.M. Stoller to Upgrade Treatment Plant System in Texas
Huntington Ingalls Industries (HII) announced today its subsidiary The S.M. Stoller Corp. was awarded a $2 million contract by Consolidated Nuclear Security, LLC, for upgrades to a pump and treatment system at the National Nuclear Security Administration/Department of Energy Pantex Plant in Amarillo, Texas. The contract covers 300 days of work Stoller will do to upgrade a system that extracts and treats contaminated groundwater. The Pantex Plant is charged with maintaining the safety, security and effectiveness of the nation's nuclear weapons stockpile.
