HII Secures $220.7M Navy Maintenance Contract

Key Contract Award Details

Huntington Ingalls Industries Fleet Support Group received a significant $220.7 million contract modification from the U.S. Department of War. This agreement is designated for providing crucial engineering maintenance support for U.S. Navy aircraft carriers and west coast surface ships.

Operational Scope and Timeline

The award is a cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity modification to a prior contract. It covers comprehensive services for the overhaul and repair of naval equipment and systems. Work will be performed aboard Navy vessels in various locations, including within the continental U.S., outside the U.S., and at forward deployed positions. The project is scheduled for completion by February 2027.

Economic and Market Impact

This contract reinforces Huntington Ingalls Industries' position as a key defense partner and ensures a stable revenue stream for its Fleet Support Group. Funds will be obligated on individual orders as they are issued, reflecting sustained government investment in naval fleet readiness. The Naval Sea Systems Command in Washington, D.C., is the contracting activity.

Conclusion

The $220.7 million contract highlights the continuous demand for specialized naval maintenance and repair services. It provides long-term operational visibility for Huntington Ingalls and underscores its integral role in supporting the U.S. Navy's mission readiness through 2027.

FAQ

Q: What is the total value of the contract modification?
A: The contract modification is valued at $220.7 million.

Q: Which company secured the contract?
A: Huntington Ingalls Industries Fleet Support Group.

Q: What is the expected completion date for the work?
A: The work is expected to be completed by February 2027.

Source: Investing.com