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Newport News shipyard looks to cut costs

Newport News shipyard looks to cut costs

Anticipating a drop in workload, Newport News Shipbuilding executives are planning unspecified cost-cutting measures "to preserve jobs to the maximum extent possible," according to shipyard President Matt Mulherin. Three aircraft carriers are undergoing work in the yard, but work on all three will be completed over the next 18 months. Employees will finish defueling the USS Enterprise. The midlife overhaul of the USS Abraham Lincoln will end, and the first-in-class Gerald R. Ford will be commissioned and delivered to the Navy. Even though construction will ramp up on the aircraft carrier John F. Kennedy, the conclusion of those three projects creates a drop in workload that...

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