The Navy has invested $500 million in Texas-based BlueForge Alliance to strengthen the submarine industrial base, with plans for further increases.
Founded in November 2022, BlueForge Alliance has quickly gained recognition by partnering with the US Navy and General Dynamics Electric Boat .US Navy has invested $500 million in collaborating with the Texas-based non-profit BlueForge Alliance to strengthen the submarine industrial base, with expectations of further increasing this investment, according to a leading Navy service official.
Matthew Sermon, the executive director of the program executive office for strategic submarines at the Navy, stated during a June 6 roundtable at Naval Sea Systems Command that there is $605 million allocated for supplier development in the fiscal year 2024 nationalSermon, among the earliest Navy officials to discuss BlueForge Alliance publicly last November at a trade show, noted that the organization’s founders, Kiley Wren and Rob Gorham, initially approached the service...
Furthermore, BlueForge proposed supplier and workforce development pilot programs to Electric Boat and the Navy. Electric Boat approved these programs and designated the non-profit as the sole executor. BlueForge’s initiatives and rapid expansion mirror a larger trend within the U.S. Navy to enhance its industrial capabilities. Simultaneously, the Navy’s partnership with the Society of Manufacturing Engineers to attract and train proficient workers echoes a shared objective.
Defense &Amp Military Electric Boat Shipbuilding Submarines US Navy
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Says Tesla Will Spend $500 Million Expanding Supercharger Network This YearMusk's statement comes shortly after BP Pulse said it is open to purchase sites previously reserved for Superchargers
Read more »
Lobbying to Influence Legislation Including Farm Bill Tops $500 MillionNewswire Editor is a Common Dreams staff position.
Read more »
Guests of swanky New York City hotel say they were falsely charged $500 smoking feeGuests of a swanky hotel in SoHo contacted our 7 On Your Side Investigates team after they said they were wrongfully charged a $500 smoking fee. Eyewitness News found similar complaints online.
Read more »
6 Brands Like Coach That Sell Cute Bags & Accessories For Under $500Coach and Tory Burch have a ton in common. For starters, both sell reasonably-priced totes, satchels, and shoulder bags that are more timeless than trendy, which means that if you invest in one now, you’re bound to keep it in rotation for years to come.
Read more »
Nearly $500 Million Bitcoin Withdrawal Stuns Major US Exchange Ahead of CPIMystery whale withdraws half billion dollars in Bitcoin from Coinbase, sparking speculation ahead of key CPI data
Read more »
Cardano Skyrockets $500 Million in Market Cap as ADA Price Shines GreenCardano's market cap surges half a billion dollars as ADA price goes green on CPI data release
Read more »