Huntington Ingalls Industries (HII) Tops Q2 EPS by 131c, Revenues Beat

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Huntington Ingalls Industries (HII) Secures $165.5M Advance Procurement Contract from U.S. Navy for LPD 30

August 3, 2018 9:28 AM EDT

Huntington Ingalls Industries (NYSE: HII) announced today that its Ingalls Shipbuilding division has received a $165.5 million, cost-plus-fixed-fee advance procurement contract from the U.S. Navy to provide long-lead-time material and advance construction activities for LPD 30, the first Flight II LPD.

This is a significant milestone as we embark toward a new flight of LPDs, said Ingalls Shipbuilding President Brian Cuccias. The Flight II LPDs will be highly capable ships meeting the requirements and needs of our Navy-Marine Corps team. We look forward to... More