Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries HII is Awarded Six Destroyers in U.S. Navy Multi-Year Contract By: HII via GlobeNewswire August 01, 2023 at 17:30 PM EDT PASCAGOULA, Miss., Aug. 01, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE:HII) Ingalls Shipbuilding division has been awarded a fixed-price incentive, multi-year procurement contract for the construction of six Arleigh Burke-class (DDG 51) destroyers for the U.S. Navy. The contract includes options for additional DDG 51 ships and for engineering, design, and post-delivery efforts. Due to potential competitions for the option ships, the cumulative dollar value of the multi-year contract will not be disclosed at this time. “It is a privilege for our shipbuilders to build these ships in service of our Navy,” said Ingalls Shipbuilding President Kari Wilkinson. “We look forward to the years of stability that this award provides and the opportunity to continue working with our industry partners on this important class of ships.” Ingalls has delivered 35 Arleigh Burke-class destroyers to the U.S. Navy including the first Flight III, USS Jack H. Lucas (DDG 125), in June of this year. In addition, Ingalls Shipbuilding has four Flight IIIs currently under construction including Ted Stevens (DDG 128), which is set to be christened this month. Additionally, Jeremiah Denton (DDG 129), George M. Neal (DDG 131) and Sam Nunn (DDG 133) are also under construction at Ingalls. A photo accompanying this release is available at https://hii.com/news/hii-awarded-destroyers-in-u-s-navy-multi-year-contract/ Flight III Arleigh Burke-class destroyers built for the U.S. Navy incorporate a number of design modifications that collectively provide significantly enhanced capability. DDG 125 includes the AN/SPY-6(V)1 Air and Missile Defense Radar (AMDR) and the Aegis Baseline 10 Combat System that is required to keep pace with the threats well into the 21st century. Arleigh Burke-class destroyers are highly capable, multi-mission ships and can conduct a variety of operations, from peacetime presence and crisis management to sea control and power projection. Guided missile destroyers are the backbone of the U.S. surface fleet and are capable of fighting multiple air, surface and subsurface threats simultaneously. 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 43,000 strong. For more information, visit: HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on Twitter: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHII Contact: Kimberly AguillardKimberly.K.Aguillard@hii-co.com (228) 355-5663 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6af8ae5a-4666-4fc4-8141-a22cf6e1cd66 Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
HII is Awarded Six Destroyers in U.S. Navy Multi-Year Contract By: HII via GlobeNewswire August 01, 2023 at 17:30 PM EDT PASCAGOULA, Miss., Aug. 01, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE:HII) Ingalls Shipbuilding division has been awarded a fixed-price incentive, multi-year procurement contract for the construction of six Arleigh Burke-class (DDG 51) destroyers for the U.S. Navy. The contract includes options for additional DDG 51 ships and for engineering, design, and post-delivery efforts. Due to potential competitions for the option ships, the cumulative dollar value of the multi-year contract will not be disclosed at this time. “It is a privilege for our shipbuilders to build these ships in service of our Navy,” said Ingalls Shipbuilding President Kari Wilkinson. “We look forward to the years of stability that this award provides and the opportunity to continue working with our industry partners on this important class of ships.” Ingalls has delivered 35 Arleigh Burke-class destroyers to the U.S. Navy including the first Flight III, USS Jack H. Lucas (DDG 125), in June of this year. In addition, Ingalls Shipbuilding has four Flight IIIs currently under construction including Ted Stevens (DDG 128), which is set to be christened this month. Additionally, Jeremiah Denton (DDG 129), George M. Neal (DDG 131) and Sam Nunn (DDG 133) are also under construction at Ingalls. A photo accompanying this release is available at https://hii.com/news/hii-awarded-destroyers-in-u-s-navy-multi-year-contract/ Flight III Arleigh Burke-class destroyers built for the U.S. Navy incorporate a number of design modifications that collectively provide significantly enhanced capability. DDG 125 includes the AN/SPY-6(V)1 Air and Missile Defense Radar (AMDR) and the Aegis Baseline 10 Combat System that is required to keep pace with the threats well into the 21st century. Arleigh Burke-class destroyers are highly capable, multi-mission ships and can conduct a variety of operations, from peacetime presence and crisis management to sea control and power projection. Guided missile destroyers are the backbone of the U.S. surface fleet and are capable of fighting multiple air, surface and subsurface threats simultaneously. 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 43,000 strong. For more information, visit: HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on Twitter: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHII Contact: Kimberly AguillardKimberly.K.Aguillard@hii-co.com (228) 355-5663 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6af8ae5a-4666-4fc4-8141-a22cf6e1cd66
PASCAGOULA, Miss., Aug. 01, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE:HII) Ingalls Shipbuilding division has been awarded a fixed-price incentive, multi-year procurement contract for the construction of six Arleigh Burke-class (DDG 51) destroyers for the U.S. Navy. The contract includes options for additional DDG 51 ships and for engineering, design, and post-delivery efforts. Due to potential competitions for the option ships, the cumulative dollar value of the multi-year contract will not be disclosed at this time. “It is a privilege for our shipbuilders to build these ships in service of our Navy,” said Ingalls Shipbuilding President Kari Wilkinson. “We look forward to the years of stability that this award provides and the opportunity to continue working with our industry partners on this important class of ships.” Ingalls has delivered 35 Arleigh Burke-class destroyers to the U.S. Navy including the first Flight III, USS Jack H. Lucas (DDG 125), in June of this year. In addition, Ingalls Shipbuilding has four Flight IIIs currently under construction including Ted Stevens (DDG 128), which is set to be christened this month. Additionally, Jeremiah Denton (DDG 129), George M. Neal (DDG 131) and Sam Nunn (DDG 133) are also under construction at Ingalls. A photo accompanying this release is available at https://hii.com/news/hii-awarded-destroyers-in-u-s-navy-multi-year-contract/ Flight III Arleigh Burke-class destroyers built for the U.S. Navy incorporate a number of design modifications that collectively provide significantly enhanced capability. DDG 125 includes the AN/SPY-6(V)1 Air and Missile Defense Radar (AMDR) and the Aegis Baseline 10 Combat System that is required to keep pace with the threats well into the 21st century. Arleigh Burke-class destroyers are highly capable, multi-mission ships and can conduct a variety of operations, from peacetime presence and crisis management to sea control and power projection. Guided missile destroyers are the backbone of the U.S. surface fleet and are capable of fighting multiple air, surface and subsurface threats simultaneously. 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 43,000 strong. For more information, visit: HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on Twitter: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHII Contact: Kimberly AguillardKimberly.K.Aguillard@hii-co.com (228) 355-5663 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6af8ae5a-4666-4fc4-8141-a22cf6e1cd66
