HII Secures Major Amphibious Multi-Ship Procurement Contracts
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HII is Awarded Amphibious Multi-Ship Procurement Contracts By Investing.com
PASCAGOULA, Miss., Sept. 24, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Ingalls Shipbuilding division was awarded a $9.6 billion multi-ship procurement contract for the construction of three San Antonio-class (LPD 17) amphibious ships and a contract modification for the next America-class (LHA 6) large-deck amphibious ship. This combined procurement " the first of its kind for amphibious ships " begins the journey for the construction of LPDs 33, 34, 35 and LHA 10 for the U.S. Navy. "We greatly appreciate the stability that this award provides to all Ingalls shipbuilders and our surrounding communities, Ingalls President Kari Wilkinson said. It is an honor to continue our support of the joint Navy and Marine Corps mission to meet the minimum 31-amphibious-ship requirement. Approximately half of all Ingalls shipbuilders build amphibious ships today, with another 650 supplier partners in 39 states across the country that provide components for the construction of amphibious ships. We stand ready to reinforce an already strong team of capable shipbuilders with the ideas and skills of new shipbuilders that want to make a difference in the world, Wilkinson said. There is no greater sense of accomplishment than doing something difficult in support of our nation's military. Photos accompanying this release are available at: https://hii.com/news/hii-is-awarded-amphibious-multi-ship-procurement-contracts/. To date, Ingalls has delivered 13 San Antonio-class ships and 15 large-deck amphibious ships to the U.S. Navy. Currently, the LHA production line includes the construction of Bougainville (LHA 8) and Fallujah (LHA 9). In addition, Ingalls has two Flight II LPDs under construction including Harrisburg (LPD 30) and Pittsburgh (LPD 31). In March 2023, Ingalls was awarded a modification to the contract for the procurement of the detail design and construction of Philadelphia (LPD 32), the 16th ship in the San Antonio class. HII builds LPD 17 San Antonio and LHA America classes of amphibious warships. Designed and built for survivability and flexibility, U.S. Navy amphibious warships are unique combat warships that make possible complex joint U.S. military operations to respond swiftly to crisis anywhere in the world, from deterrence and major combat operations to humanitarian assistance and disaster relief. About HII HII is a global, all-domain defense provider. HII's mission is to deliver the world's most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation's largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII's workforce is 44,000 strong. For more information, visit: A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/927a1241-a160-489a-a7c7-f939aebf0198
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HII is Awarded Amphibious Multi-Ship Procurement Contracts - Huntington Ingalls Indus (NYSE:HII)
PASCAGOULA, Miss., Sept. 24, 2024 (GLOBE NEWSWIRE) -- HII HII announced today that its Ingalls Shipbuilding division was awarded a $9.6 billion multi-ship procurement contract for the construction of three San Antonio-class (LPD 17) amphibious ships and a contract modification for the next America-class (LHA 6) large-deck amphibious ship. This combined procurement -- the first of its kind for amphibious ships -- begins the journey for the construction of LPDs 33, 34, 35 and LHA 10 for the U.S. Navy. "We greatly appreciate the stability that this award provides to all Ingalls shipbuilders and our surrounding communities," Ingalls President Kari Wilkinson said. "It is an honor to continue our support of the joint Navy and Marine Corps mission to meet the minimum 31-amphibious-ship requirement." Approximately half of all Ingalls shipbuilders build amphibious ships today, with another 650 supplier partners in 39 states across the country that provide components for the construction of amphibious ships. "We stand ready to reinforce an already strong team of capable shipbuilders with the ideas and skills of new shipbuilders that want to make a difference in the world," Wilkinson said. "There is no greater sense of accomplishment than doing something difficult in support of our nation's military." Photos accompanying this release are available at: https://hii.com/news/hii-is-awarded-amphibious-multi-ship-procurement-contracts/. To date, Ingalls has delivered 13 San Antonio-class ships and 15 large-deck amphibious ships to the U.S. Navy. Currently, the LHA production line includes the construction of Bougainville (LHA 8) and Fallujah (LHA 9). In addition, Ingalls has two Flight II LPDs under construction including Harrisburg (LPD 30) and Pittsburgh (LPD 31). In March 2023, Ingalls was awarded a modification to the contract for the procurement of the detail design and construction of Philadelphia (LPD 32), the 16th ship in the San Antonio class. HII builds LPD 17 San Antonio and LHA America classes of amphibious warships. Designed and built for survivability and flexibility, U.S. Navy amphibious warships are unique combat warships that make possible complex joint U.S. military operations to respond swiftly to crisis anywhere in the world, from deterrence and major combat operations to humanitarian assistance and disaster relief. About HII HII is a global, all-domain defense provider. HII's mission is to deliver the world's most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation's largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII's workforce is 44,000 strong. For more information, visit: HII on the web: hii.comHII on Facebook: facebook.com/TeamHIIHII on X: x.com/WeAreHIIHII on Instagram: instagram.com/WeAreHII Kimberly K. Aguillard 228-355-5663 [email protected] A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/927a1241-a160-489a-a7c7-f939aebf0198 Market News and Data brought to you by Benzinga APIs
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HII, America's largest military shipbuilding company, has been awarded significant contracts for the construction of amphibious assault ships. The contracts, valued at $2.99 billion, mark a crucial development in the U.S. Navy's fleet expansion efforts.
HII Lands Substantial Navy Contracts
HII, America's largest military shipbuilding company, has secured major contracts totaling $2.99 billion for the construction of amphibious assault ships. The U.S. Navy awarded these contracts to HII's Ingalls Shipbuilding division, marking a significant milestone in the nation's naval fleet expansion efforts
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.Contract Details and Ship Specifications
The contracts encompass the construction of two America-class amphibious assault ships, LHA 10 and LHA 11. These vessels are designed to support Marine Corps tenets of Expeditionary Advanced Base Operations (EABO) and Littoral Operations in a Contested Environment (LOCE). The America-class ships are 844 feet long with a 106-foot beam and a displacement of approximately 44,971 tons
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.Strategic Importance and Capabilities
These amphibious assault ships play a crucial role in the Navy's mission. They are capable of operating as the flagship of an expeditionary strike group and can accommodate F-35 Joint Strike Fighters. The vessels are designed to support a variety of military operations, including humanitarian assistance and disaster relief missions
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.Economic Impact and Job Creation
The multi-ship procurement approach adopted for these contracts is expected to generate substantial cost savings for the U.S. government. Moreover, it provides a stable workload for the shipbuilder, potentially leading to increased efficiency and job stability in the shipbuilding sector
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HII's Track Record and Expertise
HII's Ingalls Shipbuilding division has a long-standing history of constructing large-deck amphibious assault ships for the U.S. Navy. The company has delivered 15 such ships to date and is currently in the process of building three more: Bougainville (LHA 8), Fallujah (LHA 9), and the recently announced LHA 10
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.Industry Reaction and Future Outlook
Kari Wilkinson, president of HII's Ingalls Shipbuilding division, expressed enthusiasm about the contracts, stating that they demonstrate the Navy's confidence in Ingalls' ability to efficiently produce these complex vessels. The contracts not only solidify HII's position in the defense industry but also contribute to the long-term stability of the U.S. naval shipbuilding industrial base
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.As global maritime challenges continue to evolve, the procurement of these advanced amphibious assault ships underscores the U.S. Navy's commitment to maintaining a robust and versatile fleet capable of addressing a wide range of operational requirements in the 21st century.
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