Newport News receives $43M contract modification for aircraft carrier

The following is the text of a press release issued by Huntington Ingalls Industries Inc.:


(NEWPORT NEWS, Va.)Huntington Ingalls
Industries (NYSE:HII) announced today that its Newport News
Shipbuilding (NNS) division has received a $43.4 million modification
to a previously awarded contract from the U.S. Navy for purchase of
materials for the construction of the aircraft carrier John F. Kennedy
(CVN 79), the second ship in the Navy's newest class of carriers.

A photo accompanying this release is available at

The funds awarded to NNS will be used to purchase major, long-lead-time
equipment, such as the ship's elevator machinery and large pumps. NNS
is performing work on CVN 79 under a construction preparation contract
that allows for engineering, planning, long-lead-time material
procurement and initial manufacturing to begin before the full
construction contract is awarded. The full contract is scheduled to be
awarded in 2013.

"This award enables us to continue our construction preparation
efforts, allowing us to provide a more efficient approach to building
the ship that supports one of our most important goals, affordability,"
said Mike Shawcross, NNS' vice president, CVN 79 construction. "We see
the Ford, the first ship of the class, steadily taking shape in our dry
dock, and it's exciting to know we will be building John F. Kennedy
right behind it."

John F. Kennedy (CVN 79) will continue the Navy's legacy of highly
capable nuclear-powered aircraft carrier ship platforms. Enhancements
incorporated into the design of the new class include flight deck
changes, improved weapons handling systems and a redesigned island, all
resulting in increased aircraft sortie generation rates. The Ford class
will also include new nuclear power plants, increased electrical power
generation capacity, allowance for future technologies and reduced
workload for the sailors, translating to a smaller crew size and
reduced operating costs. The result is a class of carrier that will
have lower total ownership cost for the Navy and improved capability.

Huntington Ingalls Industries (HII) designs, builds and maintains
nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and
provides after-market services for military ships around the globe. For
more than a century, HII has built more ships in more ship classes than
any other U.S. naval shipbuilder. Employing nearly 38,000 in Virginia,
Mississippi, Louisiana and California, its primary business divisions
are Newport News Shipbuilding and Ingalls Shipbuilding.
By Professional Mariner Staff