Ingalls Shipbuilding gets USD23.5m affordability contract

21 July 2014

Huntington Ingalls Industries´ (NYSE: HII) Ingalls Shipbuilding division said it has been awarded an affordability design contract for USD23.5m for early industry involvement to reduce the construction and life-cycle cost for the amphibious assault ship LHA 8.

“Ingalls Shipbuilding has been constructing large-deck amphibious ships for nearly 50 years, and this contract will build on our company´s knowledge and experience to implement cost-saving measures to help the Navy reach their affordability goals,” said Ingalls Shipbuilding president Brian Cuccias. “We are committed to building affordable ships, and this contract begins industry involvement in a meaningful way to implement improved cost in amphibious shipbuilding, specifically LHA 8.”

The early industry involvement contracts were awarded to US shipyards that have the facilities and resources to build a large-deck amphibious assault ship without major recapitalization. The affordability design phase allows shipbuilders an opportunity to refine contract design requirements for a more affordable ship. The shipbuilders will address the cost-driving requirements within the design trade space that offer the greatest potential for acquisition, production and overall costs.

Huntington Ingalls Industries designs, builds and manages the life-cycle of the most complex nuclear and conventionally powered ships for the US Navy and Coast Guard. Its website is at www.huntingtoningalls.com.

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