By Dean Seal

Huntington Ingalls said one of its divisions has been awarded a $528.4 million contract to support the U.S. Navy's maintenance of nuclear-powered aircraft carriers in San Diego, Calif.

The defense provider said Monday the contract awarded to its Newport News Shipbuilding division has a potential value of $528.4 million over five years if all options are exercised.

The contract covers maintenance, repair and modernization efforts for certain classes of aircraft carriers home-ported in and visiting the San Diego area.

The Newport News Shipbuilding division is the nation's sole designer, builder and refueler of nuclear-powered aircraft carriers, Huntington Ingalls said.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

July 24, 2023 20:10 ET (00:10 GMT)

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