Hello, Guest!
  • Friday, November 15, 2024

HII Shipbuilding Division Secures $15B Contract to Build Two Navy Aircraft Carriers


Huntington Ingalls Industries™ (NYSE: HII) Newport News Shipbuilding division will design and build two Gerald R. Ford-class aircraft carriers for the U.S Navy under a $15.2B contract modification.

The company said Thursday it will construct the future Enterprise vessel, designated CVN 80, and the yet-to-be-named CVN 81 ship.

Jennifer Boykin, president of Newport Shipbuilding, said the multiship procurement effort marks “a step toward returning to a 12-ship aircraft carrier fleet and building the 355-ship Navy our nation needs.”

Boykin added that award of the block contract will offer stability into the year 2032 for the company™s workforce and supplier businesses in the U.S.

HII received advance funds for the procurement and fabrication of Enterprise components in 2016. Work on that carrier started the following year.

The Navy expects to receive CVN 80 in 2028 and CVN 81 in 2032.

The company noted it plans to expand facilities and digital transformation initiatives to complete the two shipbuilding projects.

Video of the Day

Related Articles

State Department Approves Proposed $2B Training Contract for AUKUS Personnel News

State Department Approves Proposed $2B Training Contract for AUKUS Personnel

The Department of State approved a proposed $2 billion sale of devices, equipment and other services to support a training program under the Australia-United Kingdom-United States, or AUKUS, trilateral security alliance for the Indo-Pacific region. The Defense Security Cooperation Agency announced Friday that the foreign military sale to the Australian government will be fulfilled by

HII Technical Solutions Now Operates as Mission Technologies; Andy Green, Todd Borkey Quoted News

HII Technical Solutions Now Operates as Mission Technologies; Andy Green, Todd Borkey Quoted

Huntington Ingalls Industries, which now operates as HII (NYSE: HII) as part of a rebranding effort, changed the name of its Technical Solutions division to Mission Technologies after a series of acquisitions and the expansion of its national security capabilities. Andy Green, an executive vice president of HII, will serve as president of HII’s Mission

Navy Selects HII’s Remus 300 as Next-Gen Small UUV Program of Record; Andy Green Quoted Contract Awards

Navy Selects HII’s Remus 300 as Next-Gen Small UUV Program of Record; Andy Green Quoted

The U.S. Navy has selected the Remus 300 unmanned underwater vehicle from Huntington Ingalls Industries (NYSE: HII) as the military service’s next generation small UUV program of record. HII photo The branch made the selection after a rapid prototyping initiative that ran for two years and will move the Lionfish SUUV program forward with UUV