U.S. Shipyards Strive to Modernize Amid Defense Budget Pressures

SUGAR LAND--June 30, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Shipyards are modernizing repair and production facilities to reduce costs and manufacturing time. Amid tightened defense budgets and government contract time restraints, modernization is required to help shipyards win important new contracts. Industrial Info is tracking four shipbuilding companies that are modernizing their shipyards at a cost of $566.2 million in 2015.

Within this article: Update on shipyard modernization projects.

Additional companies: General Dynamics Corporation (NYSE:GD)