September 29, 2016
HUNTINGTON INGALLS INDUSTRIES AWARDED NAVY CONTRACT FOR SUBMARINE REPAIR WORK
NEWPORT NEWS, Va., Sept. 29, 2016 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division was awarded a multiple-award indefinite delivery, indefinite quantity contract to assist with repairs on in-service, nuclear-powered submarines, special mission submersibles, moored training ships and submarine support facilities.
A multiple-award indefinite delivery, indefinite quantity contract is a base contract that is issued to multiple awardees. The contract establishes the scope of services or goods that can be ordered against it, the order requirements and the maximum cost allowance during the life of the contract. This contract has a cumulative ceiling value of $400 million and is valid through Sept. 30, 2021. The contract includes overhaul, maintenance, repair, modernization upgrades, technical engineering support, supplies and services, and nuclear-related support.
“We are proud to continue our support of the U.S. Navy by providing them with a submarine fleet that is second to none,” said Matt Needy, Newport News’ vice president, submarines and fleet support, “and we appreciate the Navy’s confidence in Newport News Shipbuilding providing them with reliable submarine modernization in a timely and cost-effective manner.”
Newport News is one of only two U.S. shipyards capable of building nuclear-powered submarines and has a long history of performing ship repair projects for the U.S. government, ranging from paint repair to complete hull and machinery renovation.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong.
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