HII is Awarded Contract for DDG 51-Class Follow Yard Support
PASCAGOULA, Miss., Nov. 17, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Ingalls Shipbuilding division received a cost-plus-award fee contract from the U.S. Navy for follow yard support of the Navy’s Arleigh Burke-class (DDG 51) destroyer program.
- PASCAGOULA, Miss., Nov. 17, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Ingalls Shipbuilding division received a cost-plus-award fee contract from the U.S. Navy for follow yard support of the Navy’s Arleigh Burke-class (DDG 51) destroyer program.
- This contract, which allows for the continuation of key technical management and support functions that enable coordinated production of DDGs under existing construction contracts, includes four option years with a total potential contract value of $185 million if all options are exercised.
- “This is another exciting opportunity for our shipbuilders to demonstrate their versatility in handling all aspects of shipbuilding,” Ingalls Shipbuilding DDG 51 Program Manager Ben Barnett said.
- Guided missile destroyers are the backbone of the U.S. surface fleet and are capable of fighting multiple air, surface and subsurface threats simultaneously.