Huntington Ingalls Secures $44.1M Navy Contract Modification

Contract Overview

Huntington Ingalls Inc. (NYSE:HII) has been awarded a $44.1 million cost‑plus‑incentive‑fee modification to contract N00024‑21‑C‑2106 for supplemental work on the CVN 74 Refueling Complex Overhaul of the USS John C. Stennis aircraft carrier. The modification incorporates a special incentive tied to schedule performance.

Work Location and Timeline

All work will be performed at Huntington Ingalls’ Newport News Shipbuilding facility in Newport News, Virginia. The Navy has set an expected completion date of October 2026 for the overhaul.

Funding and Obligations

The U.S. Department of War will obligate $15 million in fiscal‑2026 shipbuilding and conversion funds at the time of award. These funds are slated to expire at the end of the current fiscal year.

Contracting Authority

The Naval Sea Systems Command, based in Washington, D.C., serves as the contracting activity overseeing the project.

Strategic Context

Huntington Ingalls operates Newport News Shipbuilding, one of only two shipyards in the United States capable of constructing nuclear‑powered aircraft carriers, underscoring the strategic importance of the award.