Huntington Ingalls wins $44.1 million 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 work will be performed at the company's Newport News Shipbuilding facility in Newport News, Virginia.

The Navy expects the work to be completed by October 2026. The Naval Sea Systems Command in Washington, D.C., serves as the contracting activity for the project.

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

Huntington Ingalls operates Newport News Shipbuilding, one of two shipyards in the United States capable of building nuclear-powered aircraft carriers.

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