Tag Archives: submersibles

Huntington Ingalls Industries (NYSE: HII) has been awarded a potential $400 million indefinite-delivery/indefinite-quantity contract to repair nuclear-powered submarines, moored training ships, special mission submersibles and submarine support facilities for the U.S. Navy. The Defense Department said Thursday the contract has an ordering period of five years and covers maintenance, modernization, overhaul, technical engineering, …

General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has received a $311 million contract from the U.S. Navy to provide planning yard, engineering and technical services for the branch’s fleet of nuclear submarines. The contract’s value could increase to $1.5 billion over a five-year period if the Navy exercises all options, …