Huntington Ingalls Books Major $1.5 Billion Navy Win

According to the Department of Defense, “Huntington Ingalls Industries, Inc., a wholly owned subsidiary of Northrop Grumman (NYSE: NOC) is being awarded a $1, 496, 200, 000 fixed-price-incentive modification to previously awarded contract (N00024-06-C-2222) for the procurement of the detail design and construction of LPD 26, the future USS John P. Murtha, the 10th ship in the LPD 17 amphibious transport dock ship class.  Work will be performed in Pascagoula, Miss. (82 percent); Crozet, Va. (4 percent); Beloit, Wis. (2 percent); and New Orleans, La. (1 percent).  Other efforts will be performed at various sites throughout the United States (11 percent).  Work is expected to be completed by February 2016.  Contract funds will not expire at the end of the current fiscal year.  The contract was not competitively procured.  The Naval Sea Systems Command, Washington, D.C., is the contracting activity.”

Last week, Northrop Grumman announced it had spun Huntington off, noting that Shipbuilding financial results will be reported as discontinued operations for the 2011 first quarter and periods prior.

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