The U.S. Navy has awarded Huntington Ingalls Industries (NYSE: HII) a potential $2.8 billion contract to perform refueling and complex overhaul work on the nuclear-powered aircraft carrier USS George Washington.
The Defense Department said Friday the military service will obligate $1.51 billion at the time of award from the branch’s fiscal 2017 and 2016 shipbuilding and conversion funds.
Huntington Ingalls will refuel reactors of CVN 73 as well as modernize the warship’s flight deck, compartments, tanks, combat systems, catapults and island under the contract.
The company assigned more than 4,000 workers to support RCOH efforts at the company’s shipyard in Newport News, Virginia, and is scheduled to complete work in August 2021.
Chris Miner, vice president of in-service aircraft carrier programs at Huntington Ingalls’ Newport News Shipbuilding division, said the company will apply lessons learned from the USS Abraham Lincoln modernization program and use digital tools to help the Navy extend the life span of USS George Washington for another 25 years.