Skip to main content

HII is Awarded Contract for DDG 51-Class Follow Yard Support

Written by Customer Service on . Posted in Public Companies.

USS Jack H. Lucas (DDG 125)

HII’s Ingalls Shipbuilding division was award a cost-plus-award fee contract from the U.S. Navy on Fri., Nov. 17 for follow yard support of the Navy’s Arleigh Burke-class (DDG 51) destroyer program. Pictured is USS Jack H. Lucas (DDG 125) during builder’s trials in April 2023. USS Jack H. Lucas is the most recent Ingalls-built Arleigh Burke-class destroyer commissioned into the U.S. Navy.
HII’s Ingalls Shipbuilding division was award a cost-plus-award fee contract from the U.S. Navy on Fri., Nov. 17 for follow yard support of the Navy’s Arleigh Burke-class (DDG 51) destroyer program. Pictured is USS Jack H. Lucas (DDG 125) during builder’s trials in April 2023. USS Jack H. Lucas is the most recent Ingalls-built Arleigh Burke-class destroyer commissioned into the U.S. Navy.

PASCAGOULA, Miss., Nov. 17, 2023 (GLOBE NEWSWIRE) — HII (NYSE: HII) announced today that its Ingalls Shipbuilding division received a cost-plus-award fee contract from the U.S. Navy for follow yard support of the Navy’s Arleigh Burke-class (DDG 51) destroyer program.

This contract, which allows for the continuation of key technical management and support functions that enable coordinated production of DDGs under existing construction contracts, includes four option years with a total potential contract value of $185 million if all options are exercised.

“This is another exciting opportunity for our shipbuilders to demonstrate their versatility in handling all aspects of shipbuilding,” Ingalls Shipbuilding DDG 51 Program Manager Ben Barnett said. “We are honored to provide this support to our Navy customer and the nation’s defense.”

Arleigh Burke-class destroyers are highly capable, multi-mission ships and can conduct a variety of operations, from peacetime presence and crisis management to sea control and power projection. Guided missile destroyers are the backbone of the U.S. surface fleet and are capable of fighting multiple air, surface and subsurface threats simultaneously.

DDG 125_Sea Trials_Bravo Trials_April 20, 2023_9_EDIT

A photo accompanying this release is available at: https://hii.com/news/hii-ddg-51-class-follow-yard-support-award-2023/

About HII

HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.

As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/db7049cf-7644-4058-b013-a8467012e02a

 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.