HII wins $5.1B contract to overhaul USS Harry S. Truman

HII (NYSE: HII) announced its Newport News Shipbuilding division has been awarded a $5,099,973,132 contract to perform the refueling and complex overhaul (RCOH) of the nuclear-powered aircraft carrier USS Harry S. Truman (CVN 75).

The contract includes options that, if exercised, would bring the total value to $5,183,380,744, according to a company statement.

The overhaul will include refueling the ship's nuclear reactors, along with modernization work across thousands of compartments and tanks and most ship systems. Major upgrades are also planned for the propulsion plant and combat systems.

The RCOH represents nearly a third of all maintenance and modernization work performed during an aircraft carrier's service life.

CVN 75 was built at Newport News Shipbuilding, christened in 1996, and delivered to the U.S. Navy in 1998. USS Harry S. Truman will be the eighth Nimitz-class carrier to undergo RCOH at the Newport News facility.

"Our team has been diligently working to get ahead on this critical engineering and construction project that will prepare USS Harry S. Truman for the second half of her service life," said Bryan Caccavale, Newport News Shipbuilding vice president of program management.

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