The U.S. Navy has awarded approximately $1.2 billion in contract modifications to General Dynamics‘ (NYSE: GD) Bath Iron Works subsidiary and Huntington Ingalls (NYSE: HII) for construction of Arleigh Burke destroyers.
Bath Iron Works will build one DDG 51 ship for $642, 583, 946 and Huntington Ingalls will build the other for $601, 990, 190, the Defense Department said Friday.
Funding for Bath Iron Works will also include $79.4 million in advance procurement funding for ship construction for fiscal years 2016 and 2017.
Huntington Ingalls’ modification will also include $79.4 million for those fiscal years, the Pentagon said.