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  • Saturday, November 23, 2024

BAE, General Dynamics, HII to Extend Amphibious Ship Maintenance Work Under $407M Navy Contract Option


The U.S. Navy has exercised the third option period on indefinite-delivery/indefinite-quantity contracts with BAE Systems, General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) to maintain the military branch’s amphibious ships.

Each contractor will have the chance to vie for complex, emergent and continuous maintenance orders under firm-fixed-price contract modifications, the Department of Defense said Thursday.

All three companies secured IDIQs worth potentially $1.32B combined in 2016 to help the Navy sustain amphibious warfare and surface combatant vessels.

The exercised option extends the period of performance through March 2020.

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