Huntington Ingalls IndustriesÂ (NYSE: HII) has received a potential $1.43 billion contract modification to design and build theÂ U.S. Navy‘s 13th San Antonio-classÂ amphibious transport dock.
TheÂ Defense Department said Friday the service branch will obligate $1.25 billion in fiscal 2017 shipbuilding and conversion funds at the time of award.
Eighty two percent of work will occur Pascagoula, Mississippi, and the rest in Virginia, Wisconsin, Louisiana and other facilities inside the U.S.
LPD 29 will add to the 11 San Antonio-class ships that support expeditionary and amphibious missions of a Marine Air Ground Task Force, HIIÂ said Friday.
The company is scheduled to complete work under the modification inÂ July 2023.