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HII to Design, Build Landing Helicopter Assault Replacement Ship Under $3B Navy Contract Modification

Huntington Ingalls Industries (NYSE: HII) has received a potential $3.01 billion contract modification to design and construct a Landing Helicopter Assault Replacement Flight 1 amphibious assault ship for the U.S. Navy.

The Defense Department said Friday work under the fixed-price-incentive will primarily occur in Mississippi, Wisconsin, Maryland, Florida, Pennsylvania, Ohio and Georgia through January 2024.

The Naval Sea Systems Command will obligate $1.15 billion at the time of award from the service branch’s fiscal 2016 and 2017 shipbuilding and conversion funds.

In October 2016, the Navy awarded Huntington Ingalls a $120 million modification to obtain long-lead time materials needed for the construction of the LHA 8 amphibious assault ship.

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