HII Awarded Additional $113.6 Million Advance Procurement Contract for Amphibious Assault Ship LHA 9

Rhea-AI Summary

Huntington Ingalls Industries (NYSE:HII) announced a $113.6 million contract modification from the U.S. Navy for long-lead-time materials related to amphibious assault ship LHA 9, bringing total funding to $651 million. Ingalls Shipbuilding President Kari Wilkinson emphasized the partnership with the Navy and the economic boost from job sustainability across their supplier network. LHAs are vital assets for Navy amphibious forces, providing advanced medical and logistical support.

Positive

• Secured a $113.6 million contract modification from the U.S. Navy.
• Total funding for LHA 9 now stands at $651 million, indicating strong project backing.
• Partnership with the Navy highlights HII's significant role in national defense and job security.

Negative

• None.

PASCAGOULA, Miss., Nov. 19, 2021 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its Ingalls Shipbuilding division has received a contract modification from the U.S. Navy for $113.6 million to enable long-lead-time material and advance procurement activities for amphibious assault ship LHA 9. This modification brings the total advance funding for LHA 9 to $651 million.

“We appreciate the partnership we have with the Navy and their continued commitment to this important ship,” Ingalls Shipbuilding President Kari Wilkinson said. “Not only will it provide capability to our Navy fleet, but it also sustains hundreds of jobs across the country within our vast network of suppliers in support of construction.”

LHAs are the centerpiece of the Navy amphibious ready groups and Marine Corps air ground task forces. In addition to being lethal, mobile and agile maintenance and logistics facilities, LHAs are top-of-the-line medical facilities with full operating suites and triage capabilities.

Ingalls is the sole builder of large-deck amphibious ships for the Navy. The shipyard delivered its first amphibious assault ship, the Iwo Jima-class USS Tripoli (LPH 10), in 1966. Ingalls has since built five Tarawa-class (LHA 1) ships, eight Wasp-class (LHD 1) ships and the first in the new America class of amphibious assault ships (LHA 6) in 2014. The second ship in the America class, USS Tripoli (LHA 7), was delivered to the Navy in early 2020. Bougainville (LHA 8) is under construction.

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division provides mission-critical national security solutions to government and commercial customers worldwide. Headquartered in Newport News, Virginia, HII employs over 44,000 people operating both domestically and internationally. For more information, visit:

• HII on the web: www.HII.com
• HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries
• HII on Twitter: www.twitter.com/hiindustries
• HII on YouTube: www.youtube.com/huntingtoningalls
• HII on Instagram: www.instagram.com/huntingtoningalls
  

Contact:

Danny Hernandez
Danny.J.Hernandez@hii-co.com
(202) 264-7155

FAQ

What is the recent contract announcement related to HII?

HII announced a $113.6 million contract modification from the U.S. Navy for LHA 9.

How much total funding has HII secured for LHA 9?

The total funding for LHA 9 has reached $651 million following the recent contract modification.

What is the significance of LHAs for the U.S. Navy?

LHAs are crucial for amphibious ready groups, providing medical and logistical support.

Who is the president of Ingalls Shipbuilding?

Kari Wilkinson is the president of Ingalls Shipbuilding.

How does the recent contract impact jobs related to HII?

The contract is expected to sustain hundreds of jobs across HII's supplier network.