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Huntington Ingalls Awarded $3 Billion Contract From Navy

Posted by on June 19, 2017 7:50 AM
Categories: Stocks To Watch

Huntington Ingalls wins a major $3 billion contract from the US Navy. The company has been awarded a $3 billion contract for the detail design and construction of the amphibious assault ship Bougainville. Huntington Ingalls Inc., Pascagoula, Mississippi, is being awarded a $3,013,903,706 fixed-price-incentive modification to a previously awarded competitive contract (N00024-16-C-2427) to exercise options for the procurement of the detail, design, and construction of Landing Helicopter Assault (LHA) Replacement (LHA(R)) Flight 1 Amphibious Assault Ship (LHA 8). Work is expected to be completed by January 2024. Fiscal 2016 and 2017 shipbuilding and conversion (Navy) funding in the amount of $1,154,247,187 will be obligated at award and will not expire at the end of the current fiscal year.

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Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on unless specifically stated in the article. Owner of Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.
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