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A Confident Newport News Shipbuilding

Newport News Shipbuilding is the most profitable shipbuilder in the world,” declared Mike Hatfield, Vice President of Communications. “And we’re putting our money where our mouth is to guarantee the quality construction of ships.”

Between diversification into commercial shipbuilding, and the imminent spinoff by parent Tenneco, Newport News Shipbuilding is facing challenge – and opportunity.

Look at the commercial program with their lead product, the Double Eagle. A strategic yet risky move, particularly in light of aggressive foreign competition. “We are expanding our business through the utilization of our inherent skills in new applications,” Mr. Hatfield explained.

This is only an excerpt of A Confident Newport News Shipbuilding

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Written by: | Categories: Marine Money | June 1st, 1996 |

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