Huntington Ingalls Awarded $687M Navy Contract to Help Modernize, Maintain Gerald R. Ford Carrier

Huntington Ingalls Industries (NYSE: HII) has secured a potential five-year, $687.1M contract to help modernize the lead ship of the U.S. Navy’s Ford class as part of early service life support work.

HII’s Newport News Shipbuilding division will support continuous and planned incremental availabilities, shock trials and continuous and emergent maintenance of USS Gerald R. Ford, the Department of Defense said Wednesday.

The company will work on the contract’s initial delivery order in Newport News, Va., through June 2020. The service branch expects work on all five delivery orders to finish by June 2024.

Naval Sea Systems Command issued the indefinite-delivery/indefinite-quantity contract.

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