7/104 sources · 4 publishersUpdated Oct 19, 14:43 UTC
HII’s Ingalls Shipbuilding wins $99 million Navy contract for DDG‑1002 sea trials
+2 new sources since this summary was written
HII’s Ingalls Shipbuilding division was granted a $99 million modification from the U.S. Navy to conduct sea‑trial testing on the DDG‑1002 destroyer. The award also covers integration of the Conventional Prompt Strike weapon system as part of the ship’s modernization. The Navy highlighted Ingalls’ ability to perform the critical system tests required for the vessel’s phased delivery schedule.
Why it matters
HII says the contract provides mid‑cycle funding and could open the door to additional awards, enhancing its revenue outlook for the fiscal year.
Key facts
- 1The Navy awarded a $99 million contract modification to Ingalls Shipbuilding for DDG‑1002 sea trials. stocktitan.net
- 2The contract includes integration of the Conventional Prompt Strike weapon system. stocktitan.net
- 3Ingalls Shipbuilding is a division of HII. stocktitan.net
- 4HII described the award as a mid‑cycle add‑on that may lead to further awards. tradingview.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.