It will be at least a year before the Navy finishes testing superhard steel on its Seahawk engines.

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Matt McCarroll, CEO of Dynamic and Randy Stilley, CEO of Seahawk, both based in Houston, said the government agency gave no reason.

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Affiliated with the squad since 1981, just five years after the Seahawk franchise was founded, Thompson attributes much of the positive changes to new ownership.

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It was an extraordinary event, set among several Navy Seahawk helicopters, that kicked off with a new Joining Forces video telling the story of how we got to today's announcement.

WHITEHOUSE: Home ? The Administration ? Joining Forces

The company bought oil rigs at low prices from Seahawk Drilling, another oil company with debt on the balance sheet, at a time when larger oil companies are spending cash to rebuild rigs, they say.

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According to Dr Tamanaha, the laboratory has developed a portable, battery-powered unit the size of a shoebox, and has licensed its technology to Seahawk Biosystems, a firm based in Austin, Texas, for food-testing and environmental applications.

ECONOMIST: Labs on a chip

In interviews Thursday, the chief executives of Dynamic Offshore Resources LLC and Seahawk Drilling Inc. said they, too, were informed early Thursday that MMS was rescinding a permit the agency had issued less than 24 hours earlier to Bandon, a subsidiary of Dynamic Offshore Resources.

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