Huntington Ingalls wins $44.1M Navy contract modification

Investing.com - Huntington Ingalls Inc. (NYSE: HII) received a $44.1 million contract modification from the U.S. Department of War for work on the USS John C. Stennis aircraft carrier refueling overhaul.

The cost-plus-incentive-fee modification to contract N00024-21-C-2106 covers supplemental work for the CVN 74 Refueling Complex Overhaul and includes a special incentive for schedule performance. The company's Newport News Shipbuilding division in Newport News, Virginia, will perform the work.

The project is expected to be completed by October 2026. All work will take place at the Newport News facility.

The Navy will obligate $15 million in fiscal 2026 shipbuilding and conversion funds at the time of award. These funds will expire at the end of the current fiscal year.

Naval Sea Systems Command in Washington, D.C., serves as the contracting activity for the modification.

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