Huntington Ingalls Industries (NYSE: HII) has been awarded a potential $355M contract modification to help the U.S. Navy prepare for an engineered overhaul of the USS Boise submarine .
HII's Newport News Shipbuilding division will support early production efforts such as advance planning and execution services, the Department of Defense said Monday.
The branch initially awarded the military shipbuilder a $385.7M contract in October 2017 and moved the Los Angeles-class underwater vessel from Naval Station Norfolk in Virginia to the shipyard in early May to begin overhaul preparations.
DoD noted the branch will obligate $351.8M at the time of award and expects work to be finished in May 2023.
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