Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder. Employing nearly 38,000 in Virginia, Mississippi, Louisiana and California, its primary business divisions are Newport News Shipbuilding and Ingalls Shipbuilding.
Ingalls Shipbuilding Awarded $51 Million Life-Cycle Engineering and Support Services Contract on U.S. Navy LPD 17 Program
Huntington Ingalls Industries (NYSE:HII) announced that its Ingalls Shipbuilding division has been awarded a $51.3 million cost-plus-fixed-fee contract for life-cycle engineering and support services on the U.S. Navy's USS San Antonio (LPD 17) class of amphibious transport dock ships. This is the second of four annual options associated with a base contract awarded in February 2010, with a potential value of $249.4 million.
The February 2010 contract award to Ingalls was the second for LPD ship services. The first contract was awarded in 2005. Two more options are expected.
Services provided in this contract include post-delivery planning and engineering, systems integration and engineering support, research engineering, material support, fleet modernization program planning, supply chain management, maintenance and training for certain LPD 17-class shipboard systems.
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(HII, AEIS, EPOC, GBLHF, WIFI) Notable Stock by CRWEWallStreet.com
November 23rd, 2011 at 02:49 pm