Close Menu
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Tech Entrepreneurship: Eliminating waste and eliminating scarcity

July 17, 2024

AI for Entrepreneurs and Small Business Owners

July 17, 2024

Young Entrepreneurs Succeed in Timor-Leste Business Plan Competition

July 17, 2024
Facebook X (Twitter) Instagram
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs
Facebook X (Twitter) Instagram Pinterest
Prosper planet pulse
  • Home
  • Privacy Policy
  • About us
    • Advertise with Us
  • AFFILIATE DISCLOSURE
  • Contact
  • DMCA Policy
  • Our Authors
  • Terms of Use
  • Shop
Prosper planet pulse
Home»Investments»Navy’s Blue Forge Alliance investment reaches up to $500 million and growing
Investments

Navy’s Blue Forge Alliance investment reaches up to $500 million and growing

prosperplanetpulse.comBy prosperplanetpulse.comJune 7, 2024No Comments3 Mins Read0 Views
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Naval battles

PCU North Dakota

The Virginia-class attack submarine precommissioning unit (PCU) North Dakota (SSN-784) has departed General Dynamics Electric Boat’s indoor shipyard facility in Groton, Connecticut. North Dakota is scheduled to be christened Nov. 2. (U.S. Navy photo courtesy of General Dynamics/Released)

WASHINGTON — The Navy has invested $500 million so far in working with Texas-based nonprofit Blue Forge Alliance to bolster the submarine industrial base, and that investment is likely to continue to grow, according to Navy officials leading the effort.

“We are investing $605 million in supplier development. [funding] In [fiscal year 2024] “It’s a national security supplement, and we’re going to be working on these projects through Blue Forge,” Matt Salmon, executive director of the Strategic Submarine Program Executive Office, told reporters during a June 6 roundtable discussion at Naval Sea Systems Command.

The nonprofit was founded in November 2022 by two engineers who worked at Texas A&M University and has quickly made a name for itself in recent months for working with the U.S. Navy and General Dynamics Electric Boat to help bolster the submarine industrial base, primarily in preparation for the strategic security agreement known as AUKUS.

To the public, the effort manifests itself as a website, BuildSubmarines.com, which aims to communicate the Navy’s need for 100,000 new workers over 10 years — more people for the workforce. BlueForge has placed billboards and advertisements at high-profile events like opening day of the Major League Baseball season, NASCAR races and the Academy Awards.

BlueForge Alliance did not respond to requests for comment or an interview by press time.

Salmon was one of the first Navy officials to start talking publicly about Blue Forge Alliance at the annual trade show last November, saying the organization’s founders, Kylie Wren and Rob Gorham, first approached the service as a result of working with Texas A&M University.

The future founders of BlueForge proposed a supplier and workforce development pilot program to Electric Boat and the Navy, which Electric Boat then approved and BlueForge made the sole decision to execute the program.

“They did a very good job. They demonstrated that they were adding capability to the shipbuilding group,” Salmon added. “That was the beginning of this project.”

Salmon said Blue Forge’s work has since expanded to lead a multi-university additive manufacturing consortium as well as partner with select OEMs and additive manufacturing companies, “bringing together a whole group of industry and academia into an organization that’s focused on the maturity of the materials that we need to drive.”



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
prosperplanetpulse.com
  • Website

Related Posts

Investments

Mirae Asset Global Investments Co., Ltd. sells 18,000 shares of Global Super Dividend US ETF (NYSEARCA:DIV)

July 14, 2024
Investments

6 investments that will plummet in value by the end of 2024

July 14, 2024
Investments

Investment in the county’s agriculture sector will yield bountiful harvests. [column] | Local Voices

July 14, 2024
Investments

Mirae Asset Global Investments Co. Ltd. Increases Stake in Stride, Inc. (NYSE:LRN)

July 14, 2024
Investments

Allspring Global Investments Holdings LLC invests in WPP plc (NYSE:WPP)

July 14, 2024
Investments

How much should I invest to retire at 30?

July 14, 2024
Add A Comment
Leave A Reply Cancel Reply

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Editor's Picks

The rule of law is more important than feelings about Trump | Opinion

July 15, 2024

OPINION | Biden needs to follow through on promise to help Tulsa victims

July 15, 2024

Opinion | Why China is off-limits to me now

July 15, 2024

Opinion | Fast food chains’ value menu wars benefit consumers

July 15, 2024
Latest Posts

ATLANTIC-ACM Announces 2024 U.S. Business Connectivity Service Provider Excellence Awards

July 10, 2024

Costco’s hourly workers will get a pay raise. Read the CEO memo.

July 10, 2024

Why a Rockland restaurant closed after 48 years

July 10, 2024

Stay Connected

Twitter Linkedin-in Instagram Facebook-f Youtube

Subscribe