Huntington Ingalls Industries, Inc. (NYSE:HII)

HII recently announced that its Ingalls Shipbuilding division has received a $482.8 million fixed-price-incentive-firm contract from the U.S. Coast Guard for the construction of a fifth National Security Cutter. Construction and delivery of the yet-to-be-named WMSL 754 will be performed at the company’s Pascagoula facility.

Ingalls has delivered the first three NSCs, which are the flagship of the Coast Guard’s cutter fleet, designed to replace the 378-foot Hamilton-class High-Endurance Cutters, which entered service during the 1960s. Stratton (WMSL 752), the third of eight planned ships in this new class of highly capable, technologically advanced multi-mission cutters, was delivered to the Coast Guard on Sept. 2. Bertholf (WMSL 750) and Waesche (WMSL 751) have been commissioned and are successfully executing Coast Guard missions.

Read more at: http://crwewallstreet.com/?p=21265