Huntington Ingalls Industries Awarded $107 Million Advance Procurement Contract for Amphibious Assault Ship LHA 9

Rhea-AI Summary

Huntington Ingalls Industries (NYSE:HII) announced a $107 million contract modification from the U.S. Navy for long-lead-time material and advance procurement for the amphibious assault ship LHA 9. This brings the total advance funding for LHA 9 to $457 million. Ingalls Shipbuilding President Kari Wilkinson emphasized the funding's role in supporting national defense and sustaining jobs. As the sole builder of large-deck amphibious ships for the Navy, Ingalls continues its legacy with notable deliveries and ongoing constructions.

Positive

• Contract modification adds $107 million for LHA 9, raising total funding to $457 million.
• Strengthened supplier support and job sustainability emphasized by management.

Negative

• None.

PASCAGOULA, Miss., April 19, 2021 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its Ingalls Shipbuilding division has received a fourth contract modification from the U.S. Navy for $107 million to provide 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 $457 million.

“The amphibious warship production line is a critical component of our nation’s defense industrial base,” Ingalls Shipbuilding President Kari Wilkinson said. “This funding will strengthen our suppliers and sustain jobs across the country in support of LHA 9 construction.”

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 supports national security missions around the globe with unmanned systems, defense and federal solutions, and nuclear and environmental services. Headquartered in Newport News, Virginia, HII employs more than 42,000 people operating both domestically and internationally. For more information, please visit www.huntingtoningalls.com.

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Contact:

Teckie Hinkebein
teckie.hinkebein@hii-co.com
(228) 935-1323

FAQ

What is the recent contract modification for Huntington Ingalls Industries regarding LHA 9?

Huntington Ingalls Industries received a $107 million contract modification from the U.S. Navy for long-lead-time material and advance procurement for amphibious assault ship LHA 9.

How much is the total advance funding for LHA 9 after the latest contract announcement?

The total advance funding for LHA 9 has reached $457 million after the latest contract modification.

What does the funding for LHA 9 support according to Huntington Ingalls Industries?

The funding supports the amphibious warship production line, critical for national defense and sustaining jobs across the country.

What is Huntington Ingalls Industries' role in naval shipbuilding?

Huntington Ingalls Industries is the sole builder of large-deck amphibious ships for the U.S. Navy and has a long history in military shipbuilding.