I am least excited by the JV but happy to be proved wrong.
I think when we are producing FF's and EPF's over the next 8-10 years for the US Navy at 7-8% margins and delivering profitable support, that is what excites me.
A few ferries and the OPV build will be icing on the cake.
If they actually turn a buck out of the Chinese JV, I will be surprised. So many Chinese ship yards with little to no work. Too much competition.
US naval expansion article, page-13
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