Pentagon awards $5 billion contract to speed up ship manufacturing
The Maritime Acquisition Advancement Contract is an indefinite-delivery/indefinite-quantity contract designed to accelerate procurement processes. The MAAC has five one-year options at $1 billion each and can potentially reach up to $10 billion.
'There are significantly long lead times the Navy faces ... this contracting vehicle streamlines and reduces our end of the administrative lead time,' Elizabeth Allen, DLA Maritime Mechanicsburg's deputy director, said in a release.
The contract will see companies including SupplyCore, Atlantic Diving Supply, Culmen International, ASRC Federal, Fairwinds Technologies and S&K Aerospace manufacture parts for an array of U.S. Navy vessels, including Virginia-class nuclear-powered fast-attack submarines.
SupplyCore is taking on the task of supplying the Navy with components spanning a wide array of different vessel types, including carriers, cruisers, destroyers, submarines, unmanned surface and underwater vehicles and other systems.
'We are honored to support the naval warfighter through the MAAC, a contract that underscores our dedication to sustaining the operational readiness of our military,' SupplyCore President and CEO Peter Provenzano said in a release.
The Navy continues to be under immense pressure to speed up the process of shipbuilding and modernize methods of repair and manufacturing.
Recently, the Navy implemented Augmented Reality Maintenance Systems on five vessels to modify the process of troubleshooting systems at sea. The service is also turning to 3-D printing to manufacture components for vessels at a more rapid pace.
In its fiscal 2026 budget proposal, the Navy requested $989 million to modernize drydock facilities at its four public shipyards, which average over 107 years old.
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11 hours ago
- Yahoo
Pentagon awards $5 billion contract to speed up ship manufacturing
The Defense Logistics Agency Maritime Mechanicsburg awarded a $5 billion contract this month to six businesses with the goal of boosting ship manufacturing at speed. The Maritime Acquisition Advancement Contract is an indefinite-delivery/indefinite-quantity contract designed to accelerate procurement processes. The MAAC has five one-year options at $1 billion each and can potentially reach up to $10 billion. 'There are significantly long lead times the Navy faces ... this contracting vehicle streamlines and reduces our end of the administrative lead time,' Elizabeth Allen, DLA Maritime Mechanicsburg's deputy director, said in a release. The contract will see companies including SupplyCore, Atlantic Diving Supply, Culmen International, ASRC Federal, Fairwinds Technologies and S&K Aerospace manufacture parts for an array of U.S. Navy vessels, including Virginia-class nuclear-powered fast-attack submarines. SupplyCore is taking on the task of supplying the Navy with components spanning a wide array of different vessel types, including carriers, cruisers, destroyers, submarines, unmanned surface and underwater vehicles and other systems. 'We are honored to support the naval warfighter through the MAAC, a contract that underscores our dedication to sustaining the operational readiness of our military,' SupplyCore President and CEO Peter Provenzano said in a release. The Navy continues to be under immense pressure to speed up the process of shipbuilding and modernize methods of repair and manufacturing. Recently, the Navy implemented Augmented Reality Maintenance Systems on five vessels to modify the process of troubleshooting systems at sea. The service is also turning to 3-D printing to manufacture components for vessels at a more rapid pace. In its fiscal 2026 budget proposal, the Navy requested $989 million to modernize drydock facilities at its four public shipyards, which average over 107 years old.
Business Insider
20 hours ago
- Business Insider
I'm 80 and still working. I've filed for bankruptcy twice and only have $37 in my savings account, but I feel blessed.
This as-told-to essay is based on a conversation with Sandy McConnell, 80, who lives in Nevada. McConnell works as a full-time accounts receivable specialist, earning about $50,000 annually. She has $37 in savings and over $70,000 in debt, not including her house. Business Insider has verified McConnell's current income and financial situation with documentation. This interview has been edited for length and clarity. Sometimes, I feel it's sad that people like me are still working so late in life, whether it be because we didn't manage money better, were never taught how to do so, or had circumstances that hindered our financial goals. I have to work because I've been single since 1997 and have a house payment, a car payment, and high credit card debt. I didn't take a 401(k) with my current company because I thought it was stupid to; I need the money now, not 10 years from now. Are you an older American comfortable sharing your retirement outlook with a reporter? Please fill out this quick form. We are especially interested in hearing from people 80 and older. On the other hand, if I didn't work, what would I do? I can't sit home all day — I would go nuts. Sure, I don't have the freedom to travel, but there are pros like keeping my brain active. I started working as a teenager When I was 16, I got my first part-time job as a cashier. I got married in 1962 and had a baby the following year. I tried going back to school, but I went to a Catholic school, and the nuns weren't having any of that. My husband was in the Navy, and I worked as a full-time checker while he was deployed. When he came back, I became pregnant again. After having that child, I worked in another grocery store as the head cashier and at the customer service desk. Through the 1960s, I held a few other grocery jobs, doing accounts receivable for one and doing collections work for Sears Roebuck. My last child was born in 1971. My husband left when my kids were little, and he wouldn't pay child support. Financially, I was always strapped, raising five children. I went through the training to be a nurse's aide, but realized quickly it wasn't for me. With my experience in consumer collections, I got a job a few years later at a jewelry store as a credit manager. Then I became a credit manager at a construction company, a role I held for many years. I held various credit management jobs while in Las Vegas, such as for automobile, roofing, and lighting companies. I lost my job at a building supply company right before COVID hit. I had to file for bankruptcy I've always been living paycheck to paycheck and never had a lot in savings. In 2001, I had 13 family members living with me due to unfortunate circumstances. They finally found work and got their own places, but that hurt me financially to the point where I've had to file for bankruptcy once in 2004 and most recently in October 2021. In 2022, my youngest son was living with me. We had previously had a falling out, but when he said things weren't going well, I told him he always had a place to stay. After being out of work, he got a really good job as a city bus driver and was helping me financially. One day, he never came home from work. He had collapsed from a massive heart attack. My oldest son and my grandson came to live with me after that. My oldest son was constantly changing jobs. In December 2023, he had a major stroke and couldn't work, and I had to take out credit cards to support my grandson. That really set me back financially. My son didn't have insurance at the time, and I also had to make sure he had his medications and got to therapy. Please help BI improve our Business, Tech, and Innovation coverage by sharing a bit about your role — it will help us tailor content that matters most to people like you. By providing this information, you agree that Business Insider may use this data to improve your site experience and for targeted advertising. By continuing you agree that you accept the Terms of Service and Privacy Policy . He and his son moved back to Oklahoma to be with his dad in June 2024. My daughter moved in with me the following month due to a nasty divorce. She's doing great and has a good job. She helps me financially. I don't have anybody right now to have to take care of, except for myself and my dogs. I've never thought I could retire Now I find myself at 80 still needing to work. Part of that is financial, and part of it is because I would be bored; if you don't have any money to do anything with, what are you going to do? Your house can only get so clean. I work as a full-time accounts receivable specialist. It's a very busy position, and I earn around $50,000 a year. I work from home, which I love. My company appreciates work-life balance, so if I need time off, they give it to me. I also get $1,784 in monthly Social Security. I had 401(k)s from previous jobs, but I never had enough in them to be able to say, "I can retire." That's not going to happen. I own my home, and I've been in it for 10 years. It's valued at around $400,000. If I sold it, I could retire, but if I do that, where am I going to go? Debt, including everything except my house, is probably around $70,000. I'm trying to pay it down each month, but something always happens and I have to end up spending my money on something else. I put money in my bank account every month, but right now I have $37 in my savings account. My credit is fairly good, and I'm satisfied with what I have. I'm more blessed than a lot of other people I know. I make do with what I have I have great-grandkids in town, so I like to visit and spend some time with them. Anything family-oriented is always great, whether it's going to somebody else's house, a dinner, or a barbecue. I like to take my dogs to the dog park when I can. Until last September, I walked a lot until I developed a couple of health problems that have prevented me from doing so. Once a month, I go to lunch with my former coworkers at a company where I worked for 13 years. We go to an affordable restaurant and talk, cry, laugh, and remember the good times at our job. Every night, I get online and play in my poker league. I don't play for money; I used to gamble, but I can't really do that anymore. I play for points, but I do pay for a $40 monthly membership. You earn tokens, which you can use to play in cash tournaments. I play in many charity tournaments, especially for autism. I don't spend a lot. I like to shop at bargain stores, and I only buy reasonably priced things. I don't eat a lot, and I can get by with peanut butter sandwiches. I spend $150 to $200 at the grocery store monthly, and I do a lot of food prep. I spend about $100 on essentials like toilet paper, paper towels, and other items. I can put $5 in my wallet, and it lasts me forever.
Business Insider
a day ago
- Business Insider
I tried Mizzen+Main's comfortable work clothes and they've taken the hassle out of dressing for the office
It's not that hard to remember a world where dress shirts and dress clothing for men of all shapes and sizes were just too uncomfortable, too stuffy, and too hard to wear. Mizzen+Main, a performance menswear brand, set out to change that for guys everywhere a decade ago — and now they're a leader in comfortable work clothes for men. The brand sprang to life after founder Kevin Lavelle spotted what he called a "sweat-drenched D.C. staffer running into a meeting," and thus, the company's focus on performance fabrics merged with classic silhouettes began to take shape. Today, the company sells online direct to consumers, featuring an array of four fabric styles in short-sleeve, casual, and long-sleeve options, both made for dressy occasions and laidback pursuits alike. To try a Mizzen+Main shirt is to immediately feel a blend of performance-minded comfort, stretch, and moisture-wicking potential. Especially in the high heat of summer in a fast-paced city like New York (or anywhere one needs to put forth a sense of savvy style on the go, no matter what), these shirts have proven a lifesaver for us as men's style writers and editors. We tested a handful of the brand's best-selling styles and included our thoughts below. In short, you'll Mizzen+Main Ellis Oxford Rethink what you thought you knew about the Oxford shirt, because Mizzen+Main takes thick-knit Oxford fabric and lightens it up in a major way, giving the versatile silhouette plenty of added comfort. This shirt pairs seamlessly with a soft-shouldered blazer and five-pocket pants for effortless dressing that's ready for the office and post-work cocktails. Helpfully, you can also select whether you want a length made to be tucked or untucked. I opted to tuck mine in for classic style with a jacket on top. Mizzen+Main Navy Halyard Dress Shirt Recall what we said about the age of dress shirts proving too stuffy or uncomfortable? Well, at least in my experience, the Halyard Shirt proved the complete opposite. There's a super-stretchy feel to the ultra-lightweight fabric, yet the shirt holds its shape and style after repeat wear, and the crisp Navy color of this option made it easy to wear solo or in a slightly rugged fashion on a surprisingly brisk late spring day. The hidden buttons at the neck give this shirt shape and structure, while it comes in two flattering fits, all the while retaining supreme moisture-wicking capability on hotter days. Mizzen+Main Leeward Short-Sleeve Shirt Mizzen + Main Leeward Short-Sleeve Shirt The Leeward silhouette is the style that arguably put Mizzen+Main on the map, with a dizzying array of colors and patterns available in both long and short-sleeve designs for year-round wear. The smooth woven fabric makes this shirt ideal for everyday wear at the office, while its short-sleeve variations are a polished option for summer barbecues aplenty. Check price at Mizzen + Main There's a reason Mizzen+Main's Leeward lineup is so popular: It packs in modern style — from 9-to-5 and beyond — with extremely modern fabric, a super-soft, smooth, and lightweight woven fabric blend. The company bills this option as ideal for everyday wear, and it's hard to argue with the results. This shirt is easygoing and moisture-wicking while retaining the classic good looks of a more traditional short-sleeve shirt, and its options in a long-sleeve silhouette and solid colors are utterly perfect for the office, at least in my experience. Mizzen+Main Helmsman 5-Pocket Pants Mizzen+Main Upton Chino Pant The Upton Chinos are designed with an advanced Warp knit material, which allows them to stretch while remaining durable for repeated wear and washes. Check price at Mizzen+Main Mizzen+Main is one of my personal favorite brands for men's workwear because it takes the hassle out of getting dressed in every way imaginable. The Upton Chinos, in particular, are an excellent piece to add to your wardrobe if you want a simplified experience getting dressed daily. Thanks to its Warp knit material, the chinos are very easy to steam or iron out of the packaging. And once they're wrinkle-free, they hold up extremely well to the wrinkles you'd get from wearing them. The material is super stretchy, yet durable. Unlike other thin, stretchy performance pants I've worn, these feel like they can withstand any kind of physical activity. The fit is perfect for dressing up (as seen on Mizzen+Main's models) or dressing a bit more casual like me. I paired it with a Mizzen+Main short-sleeved dress shirt and a pair of sneakers. Even if you're not pairing the chinos with other Mizzen+Main pieces, they're so easy to style with other brands in your closet — you won't have to spend hours of your time contemplating outfits for work. How to style Mizzen+Main These shirts shine when paired with performance trousers and classic business casual staples like five-pocket pants and leather dress shoes. Those who like cleanly designed dress shirts, either with or without a chest pocket and button-down collar, would also do well to wear Mizzen+Main shirting. While its short-sleeve varieties are ideal for wearing with chino shorts in especially warm weather, many of its other shirts are too long to wear untucked (unless, of course, the wearer orders an option in an untucked length, which is a crucial addition to the brand). For the guy who loves color and pattern, the brand also hits the right notes in its Leeward lineup, while some other fabric variations (like the Ellis Oxford) are more classic in solid colors. The bottom line: Is Mizzen+Main worth it? If you're searching for a dress shirt with a host of performance features, one you can reliably wear to the office with a variety of complementary looks — all the while not feeling like you're wearing a workout tee, for instance — then Mizzen+Main shirts are certainly worth it. While pricier than other shirts on the market, Mizzen+Main dress shirts are suited for the guy who needs a variety of shirts for business casual settings and business travel. While its short-sleeve options are also ideal for warmer weather, they might not suit those who prefer the more easygoing style of a polo shirt, for example. Mizzen+Main shirts are also more than ideal for the guy who needs to wear a dress shirt frequently, anywhere from two to four days a week and beyond. For the tailored, flattering, yet not-too-tight fit, the right mix of soft fabric, moisture-wicking design, and exceptional performance, and the array of colors and styles across long-sleeve and short-sleeve options, consider adding at least one Mizzen+Main dress shirt and a pair of chinos to your rotation now.
