Textron Systems’ Post

• 2.26% Dividend Yield.  • Total backlog of $49.5 billion up 5.7 % year over year. 5 years for shipbuilding and 2 years for Mission Technology. • Naval shipbuilding is accelerating, with the Navy needing to build more than 55 ships to reach its 300-ship target. • Mission Technology is an expansion area, with a segment book to bill of 2.4x.  • Largest military shipbuilder in the United States, benefiting significantly from naval rearmament.

July 1953 at the old #SouthBoston Naval Annex, part of the #Boston Navy Yard, facing northwest. The photo shows fifteen aircraft carriers from the #USNavy Atlantic Reserve Fleet, with USS Leyte in the foreground, shortly before she was converted to an antisubmarine carrier. The other fourteen are small escort carriers built on modified cargo ship hulls. Most of the ships in the picture were less than ten years old, but the pace of technological change, the rapid transition to jet aircraft after WW2 and the dawn of the missile age meant that these ships were now thoroughly obsolete for their original purpose. Nevertheless, due to the Cold War, many of these ships were kept in reserve until the late 1950s. The Boston Navy Yard was established in 1801, mostly in #Charlestown. The South Boston Naval Annex was created in 1920. Boston Navy Yard as a whole closed in 1974, most of the dock space filled in, and converted to mostly warehousing space on several new streets including Seafood Way. Dry Dock No. 3 is still one of the largest drydocks on the east coast. #history #technology #engineering

Very interesting take by CAPT John Konrad (retired) on the focus of the US Navy and senior leaders. I’d offer that the problem identified is endemic through the whole of the naval complex. The entire Program Objective Memorandum (POM) is too bureaucratic and cumbersome with little to no agility or accountability. POM affects every aspect of Navy spending from operations, builds, systems and manpower. https://lnkd.in/empWdRtS

Really interested to see what the outputs are of this. The naval superiority that we have enjoyed for decades is eroding as our adversary gains depth and capacity. My belief is that an increased investment in the labor force that currently works in our shipyards is the first step.

Seas the day! 🌊🚢 Great news for South Australia’s naval shipbuilding industry! Osborne Naval Shipyard has today been confirmed as the continuous build location for major tier 1 surface combatant ships for the Royal Australian Navy. The shipbuilding program includes the Hunter Class Frigates that will commence this year until 2043, immediately followed by the replacement program for the Hobart class destroyers. The Hunter Class Frigates will sustain at least 2,000 jobs and create an additional 500 over the next decade. This, combined with more than 4,000 estimated direct jobs for the AUKUS nuclear-powered submarines, and thousands more across supply chains, cyber, land and aerospace domains, provides long term certainty for the state’s defence industry workforce. Read more 👉 https://bit.ly/3uBpegD 📷: Osborne Naval Shipyard (credit: Australian Naval Infrastructure) #DefenceState #DefenceIndustry #FindYourPlaceSA #DefenceCareers

Great news for South Australia’s naval shipbuilding industry! Osborne Naval Shipyard has today been confirmed as the continuous build location for major tier 1 surface combatant ships for the Royal Australian Navy. The shipbuilding program includes the Hunter Class Frigates that will commence this year until 2043, immediately followed by the replacement program for the Hobart class destroyers. The Hunter Class Frigates will sustain at least 2,000 jobs and create an additional 500 over the next decade. This, combined with more than 4,000 estimated direct jobs for the AUKUS nuclear-powered submarines, and thousands more across supply chains, cyber, land and aerospace domains, provides long term certainty for the state’s defence industry workforce. Read more 👉 https://bit.ly/3uBpegD

Guys we currently looking to this issue, but you should be made aware of this contractor. Attempting to evaluate the potential, but so far it looks bad. WITH | REGUARDS TO : : : Officials found suspected Chinese malware hidden in various US military systems. Its intended use is disruption rather than surveillance, a 'disturbing' change in intent, experts say THESE OUR LATEST LOGS Hesai Technology Electronics 3500 W Bayshore Rd, Palo Alto, CA 94303 (650) 665-7837 Closed · Opens 9 AM Suggest an edit · Your business? Claim now hesaitech.com https://www.hesaitech.com -Log Details- Protection Event Date: 8/4/23 Protection Event Time: 5:54 AM -Blocked Website Details- Malicious Website: 1 , C:\Program Files (x86)\Microsoft\Edge\Application\msedge.exe, Blocked, -1, -1, 0.0.0, , -Website Data- Category: RiskWare Domain: www.hesaitech.com IP Address: 8.25.82.214 Port: 80 Type: Outbound File: C:\Program Files (x86)\Microsoft\Edge\Application\msedge.exe (end)

An excellent report from GDEB.