July 17, 2015
HII AWARDED $564 MILLION CONTRACT FOR SUBMARINE ENGINEERING AND INDUSTRIAL WORK
NEWPORT NEWS, Va., July 17, 2015 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division was awarded a $106 million contract to provide engineering and industrial support on U.S. Navy submarines, special mission submersibles, submarine support facilities and related programs. If all options are exercised, the total value of the contract will be $564 million.
Work will include engineering, design, configuration management, integrated logistic support, database management, research and development, modernization and industrial support. Work will begin immediately and is expected to continue through September 2019.
"Receiving this contract allows Newport News Shipbuilding to continue decades of delivering the best engineering, design and logistics support for U.S. Navy submarines," said Jennifer Boykin, Newport News' vice president, engineering and design. "We look forward to providing continued support to the operational readiness of our nation's submarine force."
Newport News is one of only two U.S. shipyards capable of building nuclear-powered submarines and has completed hundreds of ship repair projects for the U.S. government, ranging from paint repair to complete hull and machinery renovation.
About HII
HII is America's Seapower Company. The nation’s largest shipbuilder, HII builds the manned and unmanned maritime systems and all-domain mission technologies that project U.S. and allied power around the world. With a more than 140-year history of advancing U.S. national security, HII is headquartered in Virginia and employs 46,000 people across three divisions.
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