Huntington Ingalls Wins $487M to Build Coast Guard Cutter; Jim French Comments

IngallsShipHuntington Ingalls Industries (NYSE: HII) subsidiary has won a $487 million contract to build a cutter ship for the U.S. Coast Guard to deploy for Arctic maritime missions.

The Munro is slated as the sixth ship in the Coast Guard’s national security cutter fleet and the Ingalls Shipbuilding division will start constructing the ship in October, the company said Wednesday.

Ingalls integrates and tests the NSC hull, mechanical and electrical systems, while Lockheed Martin (NYSE: LMT) provides the ships C4ISR technologies (command, control, communications, computers, intelligence, surveillance and reconnaissance.

Jim French, Ingalls’ NSC program manager, said company is building two other cutters for the Coast Guard.

Ingalls says it has delivered three cutters to the Coast Guard and the fourth ship, named Hamilton, is 40 percent complete and scheduled to launch this summer and be christened in October.

James, the fifth NSC ship, is 17 percent complete and scheduled to  launch in spring 2014.

The Coast Guard uses the cutters for maritime homeland security, law enforcement, marine safety, environmental protection and national defense operations.

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