Hello, Guest!
  • Sunday, December 22, 2024
HII
"HII logo", by Huntington Ingalls Industries, https://hii.com/wp-content/uploads/2023/04/Fact-File-MT-February-2023.pdf, licensed under CC0

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 to be completed in September 2029.

At the time of the award, the Navy will obligate fiscal 2023 and 2024 procurement funds valued at $29 million and $6.9 million, respectively.

NNS will finish the work for the cost-plus-incentive-fee modification at its operational site in Virginia.

The contracting activity is the Naval Sea Systems Command in Washington, D.C.

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

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. 

HII Reports Record Revenues in Q4 and Full Year 2023 Results; Chris Kastner Quoted Financial Reports

HII Reports Record Revenues in Q4 and Full Year 2023 Results; Chris Kastner Quoted

HII (NYSE: HII) released its fourth quarter and full-year 2023 earnings results on Feb. 1, 2024, reporting record revenues in both periods and a substantial backlog of approximately $48.1 billion as of Dec. 31, 2023. All of its three divisions reported higher volumes. HII President and CEO Chris Kastner said in a statement published Thursday,