HII Awarded $240 Million Advance Procurement Contract for LPD 32

Rhea-AI Summary

HII (NYSE:HII) announced a $240 million advance procurement contract from the U.S. Navy for long-lead-time materials and advance construction for amphibious transport dock LPD 32. This marks the 16th ship in the San Antonio-class built at Ingalls Shipbuilding. The funds will support nearly 400 suppliers across 30 states. LPD 32 is part of the Flight II series, designed to replace the older dock landing ships. HII has successfully delivered 12 San Antonio-class ships, with two currently under construction.

Positive

• Awarded a $240 million contract, enhancing revenue streams.
• Supports nearly 400 suppliers, promoting local economies.
• Continued development of the San Antonio-class strengthens HII's market position.

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• None.

PASCAGOULA, Miss., June 16, 2022 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that its Ingalls Shipbuilding division has received a $240 million, cost-plus-fixed-fee advance procurement contract from the U.S. Navy to provide long-lead-time material and advance construction activities for amphibious transport dock LPD 32. The ship will be the 16th in the San Antonio-class constructed at Ingalls Shipbuilding.

“Our shipbuilders are proud to continue building these amphibious ships that are integral to the Navy fleet,” Ingalls Shipbuilding President Kari Wilkinson said. “The funds from this contract will be used to purchase long-lead time material and major equipment across a supplier network of nearly 400 companies in 30 states.”

A photo accompanying this release is available at: https://newsroom.hii.com/releases/hii-awarded-advance-procurement-contract-lpd-32.

LPD 32 will be the third Flight II amphibious ship in the San Antonio class. LPD Flight II is the next generation amphibious ship to replace Whidbey Island (LSD 41) and Harpers Ferry (LSD 49) classes of dock landing ships. Ingalls has delivered 12 San Antonio-class ships to the U.S. Navy and has two more under construction, including Richard M. McCool Jr. (LPD 29) and Harrisburg (LPD 30). Fabrication of the 15^th San Antonio-class ship, Pittsburgh (LPD 31), will begin later this year.

HII is an all-domain defense and technologies partner, recognized worldwide as America’s largest shipbuilder. With a 135-year history of trusted partnerships in advancing U.S. national security, HII delivers critical capabilities ranging from the most powerful and survivable naval ships ever built, to unmanned systems, ISR and AI/ML analytics. HII leads the industry in mission-driven solutions that support and enable an all-domain force. Headquartered in Virginia, HII’s skilled workforce is 44,000 strong. For more information please visit:

• HII on the web: https://www.hii.com/
• HII on Facebook: https://www.facebook.com/TeamHII
• HII on Twitter: https://www.twitter.com/WeAreHII
• HII on Instagram: https://www.instagram.com/WeAreHII
  

Media Contact:
Kimberly K. Aguillard
Kimberly.K.Aguillard@hii-co.com
(228) 355-5663

FAQ

What is the value of the contract awarded to HII for LPD 32?

The contract awarded to HII for LPD 32 is valued at $240 million.

What class of ship is LPD 32 in?

LPD 32 is the 16th ship in the San Antonio-class.

How many <b>San Antonio</b>-class ships has HII delivered so far?

HII has delivered 12 San Antonio-class ships to the U.S. Navy.

What is the significance of the LPD Flight II?

The LPD Flight II is designed to replace the older Whidbey Island and Harpers Ferry classes of dock landing ships.

What activities will the contract funds be used for?

The contract funds will be used for long-lead-time material and major equipment procurement.