7/30/2023 0 Comments Vigor marine![]() ![]() “We believe this transaction will enable us to leverage complementary capabilities, capacity and facilities to improve efficiencies and better serve the needs of our U.S. “Titan is a first-class organization with a strong reputation in the ship repair and sustainment market,” said Andy Green, Executive Vice President HII and President, HII Technical Solutions. “We look forward to sharing best practices and leveraging our collective assets to improve service to our valued customers.” The opportunity to add the San Diego Shipyard to our family of companies is a natural step in our evolution given its strategic location and wealth of talented employees,” said Jim Marcotuli, CEO and President of Titan. “We are excited to add the San Diego Shipyard to our already strongly positioned and growing enterprise. The transaction is subject to customary closing conditions and closing is expected in the second quarter of this year. Army, Boeing, and non-defense and commercial customers including state and local ferry systems. Coast Guard, Military Sealift Command, the U.S. Current key customers for Titan include the U.S. This acquisition creates opportunities to better serve key defense customers, economies of scale, expanded scope, and performance optimization. The shipyard is one of the largest fleet service and repair sites in America, located in one of the nation’s largest Navy ports. 7th Fleet area of operations to enhance interoperability with partners and serve as a ready-response force.(U.S.Titan Acquisition Holdings, a bicoastal leader in ship repair and commercial and defense-related fabrication services created through the combination of Vigor Industrial and MHI Holdings, today announced a definitive agreement to acquire Huntington Ingalls’ San Diego Shipyard. Gabrielle Giffords, part of Destroyer Squadron Seven, is on a rotational deployment, operating in the U.S. The Independence-variant littoral combat ship USS Gabrielle Giffords (LCS 10) patrols the South China Sea, March 20, 2020. Army, local and state ferry systems, and commercial ship owners. Navy, Military Sealift Command, Maritime Administration, U.S. Notable Titan family customers include Boeing, Lockheed Martin, Northrop Grumman, U.S. Titan is the parent company of Vigor, operating in the Pacific Northwest, Hawaii and Alaska MHI, based in Norfolk, Virginia and Continental Maritime of San Diego (CMSD) in California. With deep respect for people and the planet, Vigor strives to be a positive, regenerative force for good – environmentally, in the lives of its employees and in the community.Ī family of bicoastal leaders in ship repair, ship modernization, marine and complex fabrication services, Titan Acquisition Holdings was formed by global investment firm The Carlyle Group and private equity firm Stellex Capital Management following their 2019 acquisition of MHI Holdings and Vigor. Built around a collection of powerful, unique assets and differentiated capabilities, Vigor excels at specialized shipbuilding, ship repair and handling important, complex projects in support of energy generation, our nation’s infrastructure and national defense. ![]() Vigor is a values-driven, diversified industrial business operating in eight locations with 2,300 people in Oregon, Washington and Alaska. Navy photo by Mass Communication Specialist 3rd Class Andrew Langholf/RELEASED) The Independence Class littoral combat ship USS Omaha (LCS 12) transits the Pacific Ocean during a Nimitz Carrier Strike Group (CSG) composite training unit exercise.(U.S. The overall contract for both vessels is valued at up to $110 million. ![]() Approximately 165 employees are expected to work on the ships during their stays. Vigor will begin work on Gabrielle Giffords (LCS 10) in June, and USS Omaha (LCS 12) in September. Regular Planned Maintenance (PMAV) will also be conducted during the availability. Jet drives will be overhauled the main propulsion engines will receive a checkup and overhaul and several ancillary systems will be repaired. Flight deck support stanchions will be replaced and the underwater hull will be painted. Lawrence (DDG 110) at Pearl Harbor.īoth vessels will undergo similar work during the DSRA, as well as additional structural repairs throughout. Additionally, Vigor recently began work on USS William P. George (CG 71) in Seattle, as well as USS McCampbell (DDG 85) in Portland, Ore. The award reflects the ongoing strong partnership between the Navy and Vigor, which is currently performing work on USS Chosin (CG 65) and USS Cape St. Both are Independence-class littoral combat ships and will go to Harbor Island in Seattle, Wash. Navy has awarded Vigor, a docking selected restricted availability (DSRA) contract for both USS Gabrielle Giffords (LCS 10) and USS Omaha (LCS 12). ![]()
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