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Paramount launches $74B hostile bid for Warner Bros.

Summary

NEW YORK (AP) — Paramount on Monday launched a hostile takeover offer for Warner Bros. Discovery, initiating a potentially bruising battle with rival bidder Netflix to buy the company behind HBO, CNN and DC Studios, and the right to reshape much of the nation’s entertainment landscape.

Emerging just days after top Warner managers agreed to Netflix’s $72 billion purchase, Paramount’s bid seeks to go over the heads of those leaders by appealing directly to Warner shareholders with more money — $74.4 billion — and a plan to buy all of Warner’s business, including the cable business that Netflix does not want.

Paramount said its decision to go hostile came after it made several earlier bids that Warner management “never engaged meaningfully” with following the company’s October announcement that it was open to selling itself.

In its appeal to shareholders, Paramount noted its offer also contains more cash than Netflix’s bid — $18 billion more — and argued that it’s more likely to pass antitrust scrutiny from the Trump administration.

Netflix on Monday said it had no comment about Paramount’s challenge. But on Friday, Netflix downplayed concerns that regulators would oppose a combination of Netflix and Warner’s HBO Max streaming business.

The fight for Warner drew strong reaction in Washington, with politicians from both major parties picking sides and citing the likely impact on streaming prices, movie theater employment and the diversity of entertainment choices and political views.

Over the weekend, President weighed in, too, saying a Netflix-Warner combo “could be a problem” because of the size of the combined market share.

Paramount, run by David Ellison, whose family is closely allied with Trump, said it had submitted six proposals to Warner over a 12-week period before the latest offer.

“We believe our offer will create a stronger Hollywood. It is in the best interests of the creative community, consumers and the movie theater industry,” Paramount Chairman and CEO David Ellison said in a statement. He added that his deal would lead to more competition in the industry, not less, and more movies in theaters.

Adding to the political intrigue in the dueling bids, a regulatory document released Monday stated that an investment firm run by Trump’s son-in-law Jared Kushner would be investing in the Paramount deal, too.

On Friday, Netflix struck its deal to buy Warner Bros. Discovery, the Hollywood giant behind “Harry Potter” and HBO Max. The cash and stock proposal is valued at $27.75 per Warner share, giving it a total enterprise value of $82.7 billion, including debt.

The transaction is expected to close in the next 12 to 18 months, after Warner completes its previously announced separation of its cable operations. Not included in the deal are networks such as CNN and Discovery.

The federal government has authority to kill any big media deals if it has antitrust concerns. Trump has said he will be personally involved in the decision regarding Warner Bros.

Usha Haley, a Wichita State University professor who specializes in international business strategy, said Paramount’s ties to Trump are notable. Ellison is the son of longtime Trump supporter Larry Ellison, the world’s second-richest person.

“He said he’s going to be involved in the decision. We should take him at face value,” Haley said of Trump. “For him, it’s just greater control over the media.”

The bid for Warner Bros. comes on the heels of Paramount’s October purchase of the news and commentary website The Free Press. Paramount then installed the site’s founder, Bari Weiss, as the editor-in-chief of CBS News, saying it believes the country longs for news that is balanced and fact-based.

It was a bold step for the television network of Walter Cronkite, Dan Rather and “60 Minutes,” long viewed by many conservatives as the personification of a liberal media establishment. The network placed someone in a leadership role who has a reputation for resisting orthodoxy and fighting “woke” culture.

Paramount’s tender offer is set to expire on Jan. 8 unless it’s extended.

Shares of Warner Bros. jumped nearly 4%, and Netflix was down 4% Monday in early afternoon trading. Paramount was up 9%.

Trump plans $12B aid for farmers hit by trade war

Summary

  • Trump to announce $12B aid package for U.S. farmers.
  • Farmers face rising costs and reduced crop sales amid tariffs.
  • Aid follows heightened tariffs on China in ongoing .
  • Agricultural sector increasingly scrutinizes shifting tariff policies.

WASHINGTON (AP) — President  is planning a $12 billion farm aid package, according to a official — a boost to farmers who have struggled to sell their crops while getting hit by rising costs after the president raised tariffs on China as part of a broader trade war.

According to the official, who was granted anonymity to speak ahead of a planned announcement, Trump will unveil the plan Monday afternoon at a White House roundtable with Treasury Secretary Scott Bessent, Secretary Brooke Rollins, lawmakers and farmers who grow corn, cotton, sorghum, soybeans, rice, cattle, wheat, and potatoes.

Farmers have backed Trump politically, but his aggressive trade policies and frequently changing tariff rates have come under increasing scrutiny because of the impact on the agricultural sector and because of broader consumer worries.

The aid is the administration’s latest effort to defend Trump’s economic stewardship and answer voter angst about rising costs — even as the president has dismissed concerns about affordability as a Democratic “hoax.”

Upwards of $11 billion is set aside for the U.S. Department of Agriculture’s Farmer Bridge Assistance program, which the White House says will offer one-time payments to farmers for row crops.

Soybeans and sorghum were hit the hardest by the trade dispute with China because more than half of those crops are exported each year with most of the harvest going to China.

The aid is meant to help farmers who have suffered from trade wars with other nations, inflation, and other market disruptions.

The rest of the money will be for farmers who grow crops not covered under the bridge assistance program, according to the White House official. The money is intended to offer certainty to farmers as they market the current harvest, as well as plan for next year’s harvest.

China purchases have been slow

In October, after Trump met Chinese leader Xi Jinping in South Korea, the White House said Beijing had promised to buy at least 12 million metric tons of U.S. soybeans by the end of the calendar year, plus 25 million metric tons a year in each of the next three years. Soybean farmers have been hit especially hard by Trump’s trade war with China, which is the world’s largest buyer of soybeans.

China has purchased more than 2.8 million metric tons of soybeans since Trump announced the agreement at the end of October. That’s only about one quarter of what administration officials said China had promised, but Bessent has said China is on track to meet its goal by the end of February.

“These prices haven’t come in, because the Chinese actually used our soybean farmers as pawns in the trade negotiations,” Bessent said on CBS’ “Face the Nation,” explaining why a “bridge payment” to farmers was needed.

During his first presidency, Trump also provided aid to farmers amid his trade wars. He gave them more than $22 billion in 2019 and nearly $46 billion in 2020, though that year also included aid related to the COVID-19 pandemic.

Trump has also been under pressure to address soaring beef prices, which have hit records for a number of reasons. Demand for beef has been strong at a time when drought has cut U.S. herds and imports from Mexico are down due to a resurgence in a parasite. Trump has said he would allow for more imports of Argentine beef.

He also had asked the Department of Justice to investigate foreign-owned meat packers he accused of driving up the price of beef, although he has not provided evidence to back his claims.

On Saturday, Trump signed an executive order directing the Justice Department and Federal Trade Commission to look at “anti-competitive behavior” in food supply chains — including seed, fertilizer and equipment — and consider taking enforcement actions or developing new regulations.

IBM to buy Confluent in $11B deal to boost AI strategy

Summary

  • to acquire for $11 billion in a cash deal.
  • Confluent’s platform improves real-time data flow for systems.
  • IBM says will enhance client AI deployment and integration.
  • Deal expected to close in mid-2026 pending shareholder and regulatory approval.

IBM said Monday it’s buying platform Confluent in a deal worth $11 billion that will help bolster the technology company’s strategy.

The two companies said they signed a “definitive agreement” for IBM to acquire all of Confluent Inc.’s issued and outstanding common stock for $31 per share in cash, which represents an enterprise value of $11 billion.

Confluent, based in Mountain View, Calif., is an open source data streaming platform that “connects, processes and governs” data and events in real time, the companies said in a joint statement. It specializes in preparing data for AI and keeping it “clean and connected across systems and applications,” they said.

The deal means IBM’s client companies can deploy artificial intelligence services better and faster “by providing trusted communication and data flow between environments, applications and APIs,” IBM CEO said in the statement. “Data is spread across public and private clouds, data centers and countless technology providers.”

The transaction is expected to close in mid-2026. It still needs approval from Confluent shareholders as well as clearance from regulators.

Confluent shares, which closed at $23.14 Friday, surged 29% in premarket trading. Shares of IBM ticked down less than 1%.

Supreme Court signals backing for Trump in FTC firing case

Summary

  • likely to expand presidential control over .
  • Conservative justices signal willingness to overturn a 1935 precedent.
  • Case centers on Trump’s firing of member .
  • Administration argues presidents should remove board members without cause.

WASHINGTON (AP) — The Supreme Court on Monday seemed likely to expand presidential control over independent federal agencies, signaling support for President ‘s firing of board members.

The court’s conservative majority suggested it would overturn a unanimous 90-year-old decision that has limited when presidents can fire agencies’ board members, or leave it with only its shell intact.

Chief Justice John Roberts referred to the decision known as Humphrey’s Executor as “a dry husk.”

Liberal justices warned that the decision sought by the administration would concentrate vast power in the president’s hands, robbing the agencies of expertise.

Justice Ketanji Brown Jackson said the president would be able to “fire all the scientists and the doctors and the economists and the PhDs and replace them with loyalists and people who don’t know anything.”

Solicitor General D. John Sauer defended Trump’s decision to fire Federal Trade Commission member Rebecca Slaughter without cause and called on the court to jettison Humphrey’s Executor.

Sauer said the decision “hasn’t withstood the test of time” and had enabled a “headless fourth branch” of government, the administrative state that conservatives and business interests have been taking aim at for decades.

The six conservative justices, including three appointed by Trump in his first term, already have signaled strong support for the administration’s position, over the liberals’ objection, by allowing Slaughter and the board members of other agencies to be removed from their jobs even as their legal challenges continue.

Members of the National Labor Relations Board, the Merit Systems Protection Board and the Consumer Product Safety Commission also have been fired by Trump.

The only officials who have so far survived efforts to remove them are Lisa Cook, a Federal Reserve governor, and Shira Perlmutter, a copyright official with the Library of Congress. The court has suggested that it will view the Fed differently from other independent agencies, and Trump has said he wants her out because of allegations of mortgage fraud. Cook says she did nothing wrong.

A second question in the Slaughter case could affect Cook. Even if a firing turns out to be illegal, the court wants to decide whether judges have the power to reinstate someone.

Justice Neil Gorsuch wrote earlier this year that fired employees who win in court can likely get back pay, but not reinstatement.

That might affect Cook’s ability to remain in her job. The justices have seemed wary about the economic uncertainty that might result if Trump can fire the leaders of the central bank. The court will hear separate arguments in January about whether Cook can remain in her job as her court challenge proceeds.

Justice Brett Kavanaugh signaled that he is inclined to side with Cook, describing as an “end run” the idea that an illegally fired official would only be entitled to her salary.

Under Roberts’ leadership, the court has issued a series of decisions dating back to 2010 that have steadily whittled away at laws restricting the president’s ability to fire people.

In 2020, Roberts wrote for the court that “the President’s removal power is the rule, not the exception” in a decision upholding Trump’s firing of the head of the Consumer Financial Protection Bureau despite job protections similar to those upheld in Humphrey’s case.

In the 2024 immunity decision that spared Trump from being prosecuted for his efforts to overturn the 2020 election results, Roberts included the power to fire among the president’s “conclusive and preclusive” powers that Congress lacks the authority to restrict.

The court also was dealing with an FTC member who was fired, by President Franklin Roosevelt in 1935, who preferred his own choice at an agency that would have a lot to say about the New Deal.

William Humphrey refused Roosevelt’s request for his resignation. After Humphrey died the next year, the person charged with administering his estate, Humphrey’s executor, sued for back pay.

The justices unanimously upheld the law establishing the FTC and limiting the president to removing a commissioner only for “inefficiency, neglect of duty, or malfeasance in office.”

Gainesville automation company acquired by Naviant

Madison, Wisconsin-based consulting and tech firm announced last week that it has acquired , a -based business process provider.

The financial terms were not disclosed, and the company did not immediately respond to requests for comment.

Founded in 1986, Naviant helps organizations improve how their work gets done by using automation, and more efficient processes. Versivo was created in 2006 and specializes in providing products and services that streamline operations for government and commercial organizations.

“Versivo has built a strong reputation for exceptional customer care, and we’re thrilled to join forces with their talented team and valued customers,” said Naviant President and CEO Michael Carr in a statement. “ We believe this will elevate everyone’s and intelligent automation journey to the next level.”

Carr said the company was “excited to personally welcome Versivo customers and team members into the Naviant community.” However, he did not specify how many Versivo employees would join the combined company or what roles Versivo leadership would play.

“Becoming part of Naviant allows us to accelerate innovation and expand what’s possible for our customers,” Versivo President Brett Thompson said in a statement, adding that the combined companies are “well-positioned” to help customers achieve more through automation and AI.

Earlier this year, Naviant was included on the 2025 Inc. 5000 list of the fastest-growing private companies in America. Its services include AI, agentic AI, intelligent document processing, enterprise content management, content portals, process and task mining and robotic process automation.

College Conference Implores Business Community, Legislators to Support Workforce Grants

The Community College Workforce Cooperative was formed in January 2021 with the idea that one collaborative effort is better than three individual ones. However, no one at Virginia Peninsula Community College, Tidewater Community College or Camp Community College could have envisioned the success of the teamwork that targets workforce development and skilled trades.

“Since I’ve gotten here, our enrollment and talent development (in workforce development) has increased at all of the local community colleges in Hampton Roads by 10, 15, and 20% every year,” said VPCC President Dr. Towuanna Porter Brannon.

At VPCC alone, that growth has led to the opening of its Toano Trades Center in the Williamsburg area and its Trades Center in 2026. The other colleges have similar projects underway, noted Dr. Brannon.

“We have responded to the Commonwealth’s need and the Hampton Roads need for more talent quicker,” she said of VPCC and its CCWC partners.

On Oct. 21 at the Peninsula Workforce Development Center in Hampton, Dr. Brannon convened a gathering of those three college presidents and Eastern Shore Community College’s leader to discuss ways to continue that momentum.

That is, because despite that success, funding for Workforce Credential Grants (WCG) has become an issue. VCCS Chancellor David Dore has requested a $17 million increase in WCG funding, but that’s for 23 institutions, which comes to slightly under $750,000 each. That might appear to be a lot of money, but studies have shown since 2017, the state’s $95 million investment in FastForward and other similar workforce programs has generated $6.2 billion in wages earned in Virginia.

“The return on investment is ridiculous,” Dr. Brannon said. “That’s just the earners. That doesn’t speak to how many of them are employed or in these talent pipelines or contributing to the businesses.”

She also pointed to statistics that show community college students are more likely to stay in state after graduating than students who attend a four-year institution. Workforce students also have a higher completion rate.

Yet, in fiscal year 2025, funding was paused late in the year because demand exceeded the remaining dollars. Without more funding for the next fiscal year, VPCC will serve 700 fewer students looking for high-demand regional jobs.

“If we have 50% less funds, we’re going to train 50% fewer people,” Dr. Brannon said, adding it will affect the local workforce more than the College. “We will still be open. However, businesses are going to lose 50% of the talent that we produced last year.”

At the conference, which included local employers and legislators as well as the four college presidents, the goals included informing the business community of the slowdown in training and asking for their lobbying assistance for the increase in funds.

“The call was to say to businesspeople, we think it’s time for you to make some noise,” Dr. Brannon said. “We think it’s time for you to share that we have a model that is ridiculously successful.”

As with the CCWC, said Dr. Brannon, there is a benefit in collaboration.

“The four presidents were brought together because we wanted to demonstrate that we work together,” Dr. Brannon said. “That it is not just a VPCC request.”

She noted this is not just an issue on the Peninsula or in Hampton Roads. It is a statewide issue.

“It was really a call to action for our local businesspeople to say, we need you to go to the General Assembly. We need you to help our legislators,” Dr. Brannon said.

The legislators, who have been fighting this same battle and been very supportive of workforce programs, agreed help from the business community would go a long way.

As for the business leaders, they said the VCCS isn’t asking for enough money.

“I didn’t know what I expected, Dr. Brannon said. “One person said this must be an accounting error.”

 Bringing together the CCWC partners, along with Eastern Shore CC, was a show of force, and Dr. Brannon reiterated it’s not just an issue for individual colleges.

“Everyone basically said, ‘Yes. This is a no-brainer,’” Dr. Brannon said.

Bringing together the CCWC partners, along with Eastern Shore CC, was a show of force and reiterated it’s not just an issue for individual colleges.

“This is really a Hampton Roads and a Commonwealth issue,” she said.

For more information on the College, visit www.vpcc.edu.

About the College: Founded in 1967, Virginia Peninsula Community College (formerly Thomas Nelson) serves the cities of Hampton, Newport News, Poquoson, and Williamsburg and the counties of James City and York. The sixth largest of Virginia’s Community Colleges, the College offers associate degree and certificate programs designed for both university transfer and direct entry into careers. The College also serves students with non-credit, workforce training programs and services. Classes are offered online and at the Hampton and Historic Triangle campuses, the Southeast Higher Education Center in Newport News, three Workforce Development centers, at various instructional sites in the community.

SCC names new comms director

Greg Weatherford has been named the Virginia ‘s new director, according to a Monday announcement.

Weatherford succeeds Andy Farmer, who retired earlier this year from the SCC. Farmer served the commission, which  is a state agency with regulatory authority over economic interests that include public utilities, insurance and railroads for a quarter-century.

In 2023, Weatherford joined the SCC as deputy director of the information resources division. Previously, he held communications positions with Virginia Commonwealth University and the State Council of Higher Education for Virginia.

Before pivoting to communications, Weatherford worked in journalism. In the late 1990s, he was a business reporter for the Times-Dispatch. Later, he became editor of Richmond’s Style Weekly. He also worked at the Associated Press and The Virginian-Pilot and contributed to numerous other publications.

He has played drums in bands including Cracker and Chrome Daddy Disco under the name Go Weatherford.

The child of U.S. Foreign Service officials, Weatherford spent his childhood in places such as Korea, Afghanistan, Guinea and Brazil. He earned a degree in mass communications and a Master of Fine Arts in writing at VCU.

Andy Farmer served the SCC’s Division of Information Resources (IRD) for 25 years as information resources manager, deputy director and director of IRD. He served as IRD director for four years.

 

 

General Dynamics’ Deep promoted to president

Danny Deep, ‘ executive vice president of global operations, has been promoted to president of the -based Fortune 100 government contractor, the company announced Friday.

Deep previously served as executive vice president of its combat systems division, vice president of the company and president of General Dynamics Land Systems.

The company also announced Friday that William A. Moss, vice president and controller, intends to retire March 31, 2026, and that Dana O. Maisano, staff vice president and controller for the General Dynamics Information Technology subsidiary, will succeed Moss. She’s been with General Dynamics for more than 20 years, serving in various finance roles.

Deep was promoted to lead global operations in June, following his April 2024 promotion to executive vice president of combat systems. He has been with the company for 24 years.

In June, General Dynamics Chairman and CEO Phebe Novakovic said in a statement, “Danny will focus on improving operating performance across each of the company’s business units during this period of growth and change. Danny is a proven leader and has spent the last 24 years with the company in various operating roles and has deep experience and demonstrated results.”

Novakovic, who became chairman and CEO in 2013, was the last person to serve as president of General Dynamics, a role she was promoted to in 2012, along with chief operating officer. Six months later, she was tapped as the next CEO.

General Dynamics has more than 110,000 employees worldwide and reported $47.7 billion in 2024 revenue. It ranked No. 96 on the 2025 Fortune 1000.

Frank Gehry, the most celebrated architect of his time, dies at 96

LOS ANGELES (AP) — Frank Gehry, who designed some of the most imaginative buildings ever constructed and achieved a level of worldwide acclaim seldom afforded any architect, has died. He was 96.

Gehry died Friday in his home in Santa Monica after a brief respiratory illness, said Meaghan Lloyd, chief of staff at Gehry Partners LLP.

Gehry’s fascination with modern pop art led to the creation of distinctive, striking buildings. Among his many masterpieces are the Guggenheim Museum in Bilbao, Spain; The Walt Disney Concert Hall in Los Angeles and Berlin’s DZ Bank Building.

He also designed an expansion of Facebook’s Northern California headquarters at the insistence of the company’s CEO, Mark Zuckerberg.

Gehry was awarded every major prize architecture has to offer, including the field’s top honor, the Pritzker Prize, for what has been described as “refreshingly original and totally American” work.

Other honors include the Royal Institute of British Architects gold medal, the Americans for the Arts lifetime achievement award, and his native country’s highest honor, the Companion of the Order of Canada.

The start of his career in architecture

After earning a degree in architecture from the University of Southern California in 1954 and serving in the Army, Gehry studied urban planning at Harvard University.

But his career got off to a slow start. He struggled for years to make ends meet, designing public housing projects, shopping centers and even driving a delivery truck for a time.

Eventually, he got the chance to design a modern shopping mall overlooking the Santa Monica Pier. He was determined to play it safe and came up with drawings for an enclosed shopping mall that looked similar to others in the United States in the 1980s.

To celebrate its completion, the mall’s developer dropped by Gehry’s house and was stunned by what he saw: The architect had transformed a modest 1920s-era bungalow into an inventive abode by remodeling it with chain-link fencing, exposed wood and corrugated metal.

Asked why he hadn’t proposed something similar for the mall, Gehry replied, “Because I have to make a living.”

If he really wanted to make a statement as an architect, he was told, he should drop that attitude and follow his creative vision.

Gehry would do just that for the rest of his life, working into his 90s to create buildings that doubled as stunning works of art.

As his acclaim grew, Gehry Partners LLP, the architectural firm he founded in 1962, grew with it, expanding to include more than 130 employees at one point. But as big as it got, Gehry insisted on personally overseeing every project it took on.

The headquarters of the InterActiveCorp, known as the IAC Building, took the shape of a shimmering beehive when it was completed in New York City’s Chelsea district in 2007. The 76-story New York By Gehry building, once one of the world’s tallest residential structures, was a stunning addition to the lower Manhattan skyline when it opened in 2011.

That same year, Gehry joined the faculty of his alma mater, the University of Southern California, as a professor of architecture. He also taught at Yale and Columbia University.

Imaginative designs drew criticism along with praise

Not everyone was a fan of Gehry’s work. Some naysayers dismissed it as not much more than gigantic, lopsided reincarnations of the little scrap-wood cities he said he spent hours building when he was growing up in the mining town of Timmins, Ontario.

Princeton art critic Hal Foster dismissed many of his later efforts as “oppressive,” arguing they were designed primarily to be tourist attractions. Some denounced the Disney Hall as looking like a collection of cardboard boxes that had been left out in the rain.

Still other critics included Dwight D. Eisenhower’s family, who objected to Gehry’s bold proposal for a memorial to honor the nation’s 34th president. Although the family said it wanted a simple memorial and not the one Gehry had proposed, with its multiple statues and billowing metal tapestries depicting Eisenhower’s life, the architect declined to change his design significantly.

If the words of his critics annoyed Gehry, he rarely let on. Indeed, he even sometimes played along. He appeared as himself in a 2005 episode of “The Simpsons” cartoon show, in which he agreed to design a concert hall that was later converted into a prison.

He came up with the idea for the design, which looked a lot like the Disney Hall, after crumpling Marge Simpson’s letter to him and throwing it on the ground. After taking a look at it, he declared, “Frank Gehry, you’ve done it again!”

“Some people think I actually do that,” he would later tell the AP.

Gehry’s lasting legacy around the world

Ephraim Owen Goldberg was born in Toronto on Feb. 28, 1929, and moved to Los Angeles with his family in 1947, eventually becoming a U.S. citizen. As an adult, he changed his name at the suggestion of his first wife, who told him antisemitism might be holding back his career.

Although he had enjoyed drawing and building model cities as a child, Gehry said it wasn’t until he was 20 that he pondered the possibility of pursuing a career in architecture, after a college ceramics teacher recognized his talent.

“It was like the first thing in my life that I’d done well in,” he said.

Gehry steadfastly denied being an artist though.

“Yes, architects in the past have been both sculptors and architects,” he declared in a 2006 interview with The Associated Press. “But I still think I’m doing buildings, and it’s different from what they do.”

His words reflected both a lifelong shyness and an insecurity that stayed with Gehry long after he’d been declared the greatest architect of his time.

“I’m totally flabbergasted that I got to where I’ve gotten,” he told the AP in 2001. “Now it seems inevitable, but at the time it seemed very problematic.”

The Gehry-designed Guggenheim Museum in Abu Dhabi, first proposed in 2006, is expected to finally be completed in 2026 after a series of construction delays and sporadic work. The 30,000-square-foot (2,787-square-meter) structure will be the world’s largest Guggenheim, leaving a lasting legacy in the capital city of the United Arab Emirates.

His survivors include his wife, Berta; daughter, Brina; sons Alejandro and Samuel; and the buildings he created.

Another daughter, Leslie Gehry Brenner, died of cancer in 2008.

HII wins up to $471.97M Navy contract

Newport News-based contractor has won a contract worth up to $471.97 million to provide engineering support for Nimitz-class and Gerald R. Ford-class aircraft carriers.

The Department of (also known as the ) said on Monday that the award tasks with engineering, technical work, design, integrated logistics support, configuration management, database management and modernization and ship change document development.

While the initial cost-plus-fixed-fee contract award is $91.89 million, it includes options that, if exercised, would bring its cumulative value to $471.97 million.

HII will perform about 96% of the work in . The rest will take place in Portsmouth and Bremerton, Washington.

The said the contract was not competitively procured, as HII is the nation’s sole designer and builder of the Gerald R. Ford-class.

The contract work is expected to be completed by November 2030.

Last year, , a division of HII, announced it would, for the first time, build two Gerald R. Ford-class carriers simultaneously in the same dry dock.

NNS delivered the first-in-class USS Gerald R. Ford to the Navy in May 2017. The second-in-class, John F. Kennedy, is scheduled to be delivered to the Navy in March 2027, after missing both a June 2024 and 2025 deadline. The is expected to be delivered to the Navy in 2029, while USS Doris Miller is expected to be delivered in 2032.