HII Awarded $56.5m CVN 79 Contract Modification

Huntington Ingalls Industries, Inc. (NYSE:HII) received a $56.5 million contract modification, under a previously awarded contract, for continuation of long lead time material procurement associated with construction of the nuclear-powered aircraft carrier John F. Kennedy (CVN 79). The company's Newport News Shipbuilding division is the prime contractor.
"This award continues our efforts to plan and prepare for construction of John F. Kennedy and supports delivering the carrier on time and in a cost-effective manner," said Mike Shawcross, vice president, Gerald R. Ford-class engineering and John F. Kennedy construction. "This award also underscores the Navy's continued commitment to the Ford class of aircraft carriers and the importance of strengthening our nation's fleet of warships."
John F. Kennedy is the second ship in the Gerald R. Ford class of aircraft carriers, the Navy's latest class of nuclear aircraft carriers. The ship's first steel was cut in December 2010. Full construction on John F. Kennedy is currently planned to begin in late 2012 with delivery to the U.S. Navy scheduled for 2020.
Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and non