Hello, Guest!
  • Sunday, December 22, 2024

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.

Video of the Day

Related Articles

HII Books $305M DIA Task Order for US Forces Korea Intelligence Support Contract Awards

HII Books $305M DIA Task Order for US Forces Korea Intelligence Support

HII‘s (NYSE: HII) mission technologies division will help U.S. Forces Korea analyze actionable intelligence to inform threat detection initiatives under a $305 million recompete task order from the Defense Intelligence Agency. The company said Tuesday it will provide intelligence analysis and operational support services for the Joint Intelligence Operations Center-Korea and help execute the Korean

Navy Makes $1.2B Contract Modification to USS Boise Overhaul by HII Contract Awards

Navy Makes $1.2B Contract Modification to USS Boise Overhaul by HII

The U.S. Navy awarded HII’s (NYSE: HII) Newport News Shipbuilding business a contract modification worth up to $1.17 billion to complete engineering overhaul of the Los Angeles-class attack boat USS Boise, the Department of Defense said Friday. The action comes more than six years after the service branch initially announced the contract, which is expected

GovCon Index Edged Lower but Held Steady for Most of the Week Financial Reports

GovCon Index Edged Lower but Held Steady for Most of the Week

Executive Mosaic’s GovCon Index ticked slightly lower to an average of $154.69 despite positive gains in three of the five trading sessions beginning Jan. 29. Corporate earnings, including those from tech titans, flooded Wall Street. Investors also awaited the outcome of the first Federal Open Market Committee meeting in 2024.Check out last week's market reports for more information on daily GovCon Index performance. To view the complete list of tracked companies, click here.