Author: Matthew Nelson|| Date Published: November 22, 2019
Huntington Ingalls Industries (NYSE: HII) has received a $136M contract modification from the U.S. Navy to continue to restore, maintain and update the USS Columbus submarine.
The service branch will obligate the full value of the modification from fiscal year 2020 operation and maintenance funds at the time of award, the Department of Defensesaid Thursday.
The modification extends the $288.6M contract HII secured in 2015 to help the Navy modernize the vessel.
Contract work will take place at HII’s Newport News Shipbuilding facility in Virginia and DoD expects all tasks to conclude by November 2020.
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