Huntington Ingalls wins $418M Navy contract

Investing.com - Huntington Ingalls (NYSE: HII) Industries Mission Technologies Corp. was awarded a $417.7 million contract by the U.S. Department of Defense on Monday to provide maintenance and repair services for Navy aircraft carrier and amphibious ship elevators.

The cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract will support elevator support unit maintenance and repair work performed inside and outside the continental U.S. and at forward deployed locations. The work is expected to be completed by June 2031.

No funds will be obligated at the time of award and will be obligated on individual orders as they are issued. The contract was competitively procured with one offer received.

Naval Sea Systems Command in Washington D.C. is the contracting activity under contract number N00024-26-D-4103. Huntington Ingalls Industries Mission Technologies Corp. is based in McLean, Virginia.

The company operates as a subsidiary of Huntington Ingalls Industries (NYSE: HII), which provides military shipbuilding, defense and energy solutions to the U.S. government.

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