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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
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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
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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, 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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.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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.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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.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 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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.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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