What's New at Global / SFC Valve
Global / SFC Valve has created a news section on our web site as your source for industry and company news, articles and events that impact you. This section will be regularly updated with new information including industry updates and product specifications. Please bookmark this page as your UNREP and Navy Standard Valves resource center.
December 2007:
Global/SFC Valve Acquired Custom Hydraulic & Machine, Inc.
On December 19, 2007, Global/SFC Valve completed its purchase of Custom Hydraulic & Machine, Inc. of Kent Washington.
"Our combined Company has the size, scale, product mix, customer base, distribution channels and stability to broaden the quality and service required by our customers." Robert Kirst, President
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June 2007:
SIBC Signals
Congress: The House approved almost all of the U.S. Navy and Marine Corps’ 2008 budget request outlined in the FY 2008 Defense Authorization Bill, including an additional $588 million for a second Virginia class submarine ship-set of reactor plant heavy components and main propulsion components. This action enhances the possibility of Congress funding 2 per year submarine construction in advance of the Navy's 2012 plan.
The U.S. Senate Committee on Armed Services also passed the 2008 Defense Authorization Bill. The $648.8 billion bill provides $470 million for the advanced procurement of submarine components and authorizes the Navy to increase the production of Virginia-class submarines to two a year beginning in 2010, two years ahead of the Navy's plan. The bill will go to the full Senate, and if it passes, the differences between the Senate and House bills would be worked out in conference. Actual funding for the provisions would still need to be approved during the appropriations process.
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