Tianhai Defense to Acquire 65% Stake in Green Energy Zhenjiang for 34.775 Million Yuan

U.S. defense technology company Anduril Industries announced on the 6th that it will invest $3.7 billion to build a shipyard in Maryland on the U.S. East Coast, with President Trump attending the groundbreaking ceremony. The company will build a new high-tech shipyard at Sparrows Point near the Port of Baltimore, where it plans to manufacture components for the U.S. Navy's Virginia-class nuclear submarines, with an expected 3,100 jobs created. The U.S. Navy on the same day awarded Anduril a $2.9 billion contract to manufacture submarine components such as torpedo tubes and hatches. Amid a broad push by the United States and its allies to expand weapons production in response to Russia's invasion of Ukraine and conflicts in the Middle East, this investment and the related contract total up to $6.6 billion. The site was once home to a large steel mill, but it closed in 2012 after decades of decline and bankruptcy. The project has put Trump unusually in step with Maryland Governor Moore, a Democrat who has frequently criticized him.

Lockheed Martin's Rotary and Mission Systems business received a $209 million contract modification from the U.S. Navy for production of Surface Electronic Warfare Improvement Program AN/SLQ-32(V)6 systems. The award includes options that could raise the cumulative value of the contract to approximately $1.71 billion, with work performed in Liverpool, NY, and Lansdale, PA, and expected completion by September 2029. The AN/SLQ-32(V)6 is designed to help Navy ships detect, identify and respond to electromagnetic threats, capabilities the service is prioritizing as adversaries field more advanced radar, communications and electronic attack systems. The award underscores continued Navy investment in shipboard electronic warfare and fleet survivability, and Lockheed Martin's role in producing the system positions it to benefit from recurring procurement and upgrades as the Navy modernizes its surface fleet. RTX Corporation and Northrop Grumman also maintain established electronic warfare and sensor capabilities that could benefit from growing naval investment.

Huntington Ingalls Industries' Newport News Shipbuilding division secured a US$5.10 billion contract in late September 2026 to conduct the refueling and complex overhaul of the USS Harry S. Truman (CVN 75). The award sits alongside the Navy's order for 10 ROMULUS unmanned surface vessels and an expansion of the Pocasset unmanned systems campus, tying long-duration carrier work to growing autonomous maritime capabilities within HII's Mission Technologies division. The company's narrative projects $15.3 billion in revenue and $963.2 million in earnings by 2029, requiring 5.2% yearly revenue growth and a $302.2 million earnings increase from $661.0 million today. That forecast yields a $367.25 fair value, a 37% upside to the current price, while some optimistic analysts assume revenue of about US$16.2 billion and earnings of roughly US$1.2 billion by 2029. The Truman overhaul reinforces HII's backlog but does not remove near-term risk that 2026 free cash flow could miss if contract advances or tax benefits arrive later or smaller than management hopes.

Oceaneering International announced that its Aerospace and Defense Technologies segment, known as ADTech, has secured a follow-on contract from the U.S. Navy to support the Dry Deck Shelter program. The five-year award, which includes one base year and four option years, carries a potential value of $154 million. The agreement covers maintenance, overhaul, engineering and field change services for Dry Deck Shelters, specialized systems that help enable the deployment of special operations forces and undersea vehicles. Oceaneering has supported the Navy's Dry Deck Shelter program since 2002, and the company said its ADTech segment provides engineered solutions for U.S. Navy undersea programs. The full $154 million value depends on the exercise of the four option years, with the initial base-year award providing the foundation for continued engagement with the Navy.