Huntington Ingalls Industries wins $273M Navy contract
Newport News shipbuilder to support maintenance teams
Newport News-based Huntington Ingalls Industries’ Technical Solutions division won a $273 million contract with the U.S. Navy to support its carrier engineering maintenance assist team, surface engineering maintenance assist team for West Coast surface ships and other maintenance programs, it announced Tuesday.
“Continuous modernization and sustainment of our nation’s fleet is essential to our national security,” said Garry Schwartz, president of Technical Solutions’ Defense and Federal Solutions business group, in a statement. “HII is honored to extend our 40-year partnership with the U.S. Navy in support of these critical defense assets and to continue leveraging our expertise to maximize efficiency and cost savings in the future.”
Work performed under the five-year contract will be performed within the U.S. and internationally during operational deployments. HII will support maintenance and planning for the overhaul and repair of equipment and systems including hull, mechanical and electrical and combat support systems.
On Monday, HII announced that it had priced its offering of $400 million aggregate principal amount of 0.670% Senior Notes due 2023 and $600 million aggregate principal amount of 2.043% Senior Notes due 2028 as part of the financing for its acquisition of Alion Science and Technology Corp.
HII is a Fortune 500 company and the nation’s largest military shipbuilding company, employing more than 41,000 people worldwide. The company reported 2020 revenue of $9.36 billion. HII’s Technical Solutions division supports national security missions with unmanned systems, defense and federal solutions, and nuclear and environmental services.