Hello, Guest!
  • Thursday, April 25, 2024

Huntington Ingalls Lands $91M Contract to Maintain Navy Nuclear Aircraft Carriers


The U.S. Navy has awarded Huntington Ingalls Industries (NYSE: HII) a potential $91 million contract to repair and modernize nuclear aircraft carriers stationed at Puget Sound Naval Shipyard and Intermediate Maintenance Facility-supported locations.

Huntington Ingalls will deploy personnel who have been trained and authorized to maintain nuclear carrier propulsion plants as part of the indefinite-delivery/indefinite-quantity contract, the Defense Department said Wednesday.

The project will help the PSNS and IMF crew to focus on time critical propulsion plant and plant-related work on nuclear aircraft carriers that are scheduled for restoration and modernization over the next five years.

Seventy-five percent of work will occur in Bremerton, Wash., and the remaining 25 percent in San Diego through October 2022.

The Navy will obligate $9.4 million in fiscal 2018 operations and maintenance at the time of award.

Video of the Day

Related Articles

HII Books $305M DIA Task Order for US Forces Korea Intelligence Support Contract Awards

HII Books $305M DIA Task Order for US Forces Korea Intelligence Support

HII‘s (NYSE: HII) mission technologies division will help U.S. Forces Korea analyze actionable intelligence to inform threat detection initiatives under a $305 million recompete task order from the Defense Intelligence Agency. The company said Tuesday it will provide intelligence analysis and operational support services for the Joint Intelligence Operations Center-Korea and help execute the Korean

Navy Makes $1.2B Contract Modification to USS Boise Overhaul by HII Contract Awards

Navy Makes $1.2B Contract Modification to USS Boise Overhaul by HII

The U.S. Navy awarded HII’s (NYSE: HII) Newport News Shipbuilding business a contract modification worth up to $1.17 billion to complete engineering overhaul of the Los Angeles-class attack boat USS Boise, the Department of Defense said Friday. The action comes more than six years after the service branch initially announced the contract, which is expected

GovCon Index Edged Lower but Held Steady for Most of the Week Financial Reports

GovCon Index Edged Lower but Held Steady for Most of the Week

Executive Mosaic’s GovCon Index ticked slightly lower to an average of $154.69 despite positive gains in three of the five trading sessions beginning Jan. 29. Corporate earnings, including those from tech titans, flooded Wall Street. Investors also awaited the outcome of the first Federal Open Market Committee meeting in 2024.Check out last week's market reports for more information on daily GovCon Index performance. To view the complete list of tracked companies, click here.