Huntington Ingalls Industries (HII) - PennyOmega.com Watch List for Monday Oct. 03, 2011
HII, Huntington Ingalls Industries, Inc.
** HII reported that its Newport News Shipbuilding (NNS) division has been awarded a contract by Bechtel Marine Propulsion Corp. to provide maintenance services at the Kenneth A. Kesselring Site in West Milton, N.Y., a research and development facility that supports the U.S. Navy's Nuclear Propulsion Program. NNS will serve as an industrial subcontractor, providing maintenance services on the two nuclear reactor prototypes at the Kesselring site.
The cost-plus-fixed-fee, level-of-effort contract contains a five-year base period valued at $195 million with a five-year option valued at $395 million.
Performance of prototype maintenance services is scheduled to begin in January 2012.
Furthermore, HII's AMSEC LLC subsidiary has been recently awarded a contract by the U.S. Navy in support of hull, mechanical and electrical machinery and systems on Navy, federal agency and contracted vessels and platforms, selected maritime agency vessels, and select land-based sites. The indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee multiple-award contract contains a base period with four one-year option periods which, if exercised, would bring the cumulative value of the contract to approximately $92 million.
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.
More about HII at www.huntingtoningalls.com
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