Reported Earlier, HII Secures $9.6B Contract to Build Amphibious Ships for US Navy
Portfolio Pulse from Benzinga Newsdesk
HII's Ingalls Shipbuilding division has secured a $9.6 billion contract to build three San Antonio-class amphibious ships and a modification for an America-class ship for the US Navy. This contract provides stability for Ingalls shipbuilders and their suppliers across 39 states.
September 25, 2024 | 6:49 am
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HII's Ingalls Shipbuilding division has been awarded a $9.6 billion contract to build amphibious ships for the US Navy, ensuring stability and continued operations for its workforce and suppliers.
The $9.6 billion contract is a significant revenue boost for HII, ensuring long-term stability and operations for its Ingalls Shipbuilding division. This contract will likely lead to positive investor sentiment and a potential short-term increase in stock price.
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