HII Wins $1.43B Shipbuilding Contract

Huntington Ingalls Industries (NYSE:HII) said that its Ingalls Shipbuilding division was awarded a $1.43 billion, fixed-price incentive contract for the detail design and construction of LPD 29, the 13th San Antonio-class amphibious transport dock.

Ingalls has built and delivered 11 San Antonio-class ships. The 11th, Portland (LPD 27), will be commissioned on April 21 in Portland, Oregon. The 12th, Fort Lauderdale, is under construction and is expected to launch in the first quarter of 2020. Preliminary work has begun on LPD 29, and the start of fabrication will take place later this year.

The San Antonio class is a part of the Navy’s 21st century amphibious assault force. The 684 x 105 ft.  ships are used to embark and land Marines, their equipment and supplies ashore via air cushion or conventional landing craft and amphibious assault vehicles, augmented by helicopters or vertical takeoff and landing aircraft such as the MV-22 Osprey.

The ships support a Marine Air Ground Task Force across the spectrum of operations, conducting amphibious and expeditionary missions of sea control and power projection to humanitarian assistance and disaster relief missions throughout the first half of the 21st century.