Huntington Ingalls Industries (NYSE: HII) has been awarded a $1.295 billion extension to continue preparing for construction of the John F. Kennedy aircraft carrier for the U.S. Navy.
Mike Shawcross, vice president of CVN 79 construction for the company’s Newport News Shipbuilding division, said Tuesday that the company expects to be awarded a contract for construction later this year.
“In addition to increasing the number of structural units under contract, it allows the CVN 79 procurement team to place purchase orders for most of the remaining material for the ship, ” he said.
The company’s Newport News Shipbuilding division has worked on the nuclear-powered Kennedy since Jan. 15, 2009 under a construction preparation contract that covers engineering, planning, material procurement and initial manufacturing.
John F. Kennedy will feature flight deck changes, updated weapons handling systems, a redesigned island and new nuclear power plants.