Huntington Ingalls was awarded a $283.94M cost-plus-fixed-fee modification to a previously awarded contract for completion of the USS Columbus engineered overhaul. This contract includes options which, if exercised, would bring the cumulative value of this contract modification to $300.02M. Work will be performed in Newport News, Virginia, and is expected to be completed by December 2025. Fiscal 2024 operations and maintenance funds in the amount of $168.93M will be obligated at the time of award and will expire at the end of the current fiscal year. Naval Sea Systems Command is the contracting activity.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HII:
- HII to Host Fourth Quarter Earnings Conference Call and Webcast on Feb. 1
- HII’s Ingalls Shipbuilding Authenticates Keel of Destroyer George M. Neal (DDG 131)
- HII Dedicates 20th and 21st Habitat for Humanity Homes
- HII’s Ingalls Shipbuilding Christens Amphibious Assault Ship Bougainville (LHA 8)
- HII Announces New Chief Information Officer at Mission Technologies