Huntington Ingalls Industries Awarded Contract for Construction of First Two Columbia-Class Submarine Modules
Huntington Ingalls Industries (NYSE:HII) announced a $2.2 billion contract modification from General Dynamics Electric Boat for the Columbia-class submarine program. This contract extends design support and mandates the construction of six module sections for the first two submarines. Module delivery is set to start in November 2022, concluding by January 2028. Newport News Shipbuilding has been a vital partner in this program, which aims to replace the retiring Ohio-class submarines, with the lead submarine expected to be delivered in 2027.
- Contract modification valued at $2.2 billion enhances revenue stability.
- Continues strong partnership with General Dynamics Electric Boat.
- Vital role in the Columbia-class submarine program reinforces market positioning.
- None.
NEWPORT NEWS, Va., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division has been awarded a contract modification from General Dynamics Electric Boat in support of construction on the first two Columbia-class ballistic missile submarines
The contract modification, valued at approximately
As part of the contract, Newport News will deliver the completed modules to Electric Boat for final assembly. The contracted module delivery dates are scheduled to start in November 2022 with the last module delivery taking place by January 2028.
“We are pleased to be a crucial design and manufacturing contributor to the Columbia-class program,” said Charles Southall, Newport News’ vice president of Columbia-class Submarine Construction. “This contract continues NNS’ longstanding and strong commitment to the Navy’s undersea enterprise through the design and construction of major modules and assemblies necessary to achieve program objectives.”
Newport News is a major contractor and shipbuilding partner in the Columbia-class program, and in May 2019 began advance construction activities on the lead ballistic missile submarine under contract to Electric Boat.
The Columbia class will replace the fleet of Ohio-class ballistic missile submarines. The lead ship is scheduled to be delivered to the Navy in 2027.
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, visit:
- HII on the web: www.huntingtoningalls.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:
Duane Bourne
Duane.A.Bourne@hii-co.com
(757) 380-3581
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