HII Awarded $194M Navy Submarine Overhaul Support Extension

Huntington Ingalls Industries (NYSE: HII) will continue engineered overhaul work on USS Columbus, a nuclear powered fast attack submarine in the U.S. Navy’s Los Angeles class. under the potential $194.5 million contract modification.

HII’s Newport News Shipbuilding division in Virginia will receive nearly $191 million at the time of award for continued efforts toward completing the fiscal 2018 project for SSN 762, the Department of Defense said Wednesday.

The company initially secured a $288.6 million in August 2015 to help the branch plan modernization of the undersea vessel and received a $136 million modification in November 2019 for repair, upgrade and maintenance services.

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