Investing.com -- Huntington Ingalls (NYSE: HII ) Inc., based in Newport News, Virginia, has been awarded a $49,706,208 cost-plus-incentive-fee modification to a previously awarded contract. The contract stipulates additional work on the USS John C. Stennis (CVN 74) as part of its Refueling Complex Overhaul.
The work, to be carried out in Newport News, Virginia, is set to be completed by October 2026. The fiscal 2025 shipbuilding and conversion (Navy) funds have allocated $5,000,000 to be obligated at the time of the award. This allocation will expire at the end of the current fiscal year.
The Naval Sea Systems Command, based in Washington, D.C., is overseeing the contracting activity. This new modification adds to the existing contract (N00024-21-C-2106), which was previously awarded to Huntington Ingalls Inc. for work on the USS John C. Stennis.
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