HII Breaks Ground on New Submarine Facility at Newport News Shipbuilding
NEWPORT NEWS, Va., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Global all-domain defense partner HII (NYSE: HII) recently broke ground on a new project that will support nuclear submarine construction at its Newport News Shipbuilding division.
- NEWPORT NEWS, Va., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Global all-domain defense partner HII (NYSE: HII) recently broke ground on a new project that will support nuclear submarine construction at its Newport News Shipbuilding division.
- The Multi-Class Submarine Production Facility is one of three new facilities, enabling NNS to further support the construction and delivery of Columbia- and Virginia-class submarines.
- The Multi-Class Submarine Production Facility is designed to be adaptable, allowing NNS to support both Columbia- and Virginia-class construction.
- The Multi-Class Submarine Production Facility is funded jointly by the Navy and HII, and is part of $1.9 billion in capital investments HII is making at NNS between 2016 and 2025.