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HII land £0.5bh US Navy submarine contract

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For engineering and industrial Work

© Image copyright r22b

Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division was awarded a $106 million contract to provide engineering and industrial support on U.S. Navy submarines, special mission submersibles, submarine support facilities and related programs. If all options are exercised, the total value of the contract will be $564 million.

Work will include engineering, design, configuration management, integrated logistic support, database management, research and development, modernization and industrial support. Work will begin immediately and is expected to continue through September 2019.

“Receiving this contract allows Newport News Shipbuilding to continue decades of delivering the best engineering, design and logistics support for U.S. Navy submarines,” said Jennifer Boykin, Newport News’ vice president, engineering and design. “We look forward to providing continued support to the operational readiness of our nation’s submarine force.”

Newport News is one of only two U.S. shipyards capable of building nuclear-powered submarines and has completed hundreds of ship repair projects for the U.S. government, ranging from paint repair to complete hull and machinery renovation.

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of engineering, manufacturing and management services to the nuclear energy, oil and gas markets. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. Headquartered in Newport News, Virginia, HII employs approximately 38,000 people operating both domestically and internationally.

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