Huntington Ingalls Industries (NYSE:HII) announced today that its Ingalls Shipbuilding division has been awarded a contract with a potential total value of $724 million for planning yard services in support of in-service amphibious ships.
“Ingalls has a 40-year history of providing planning yard services to ships in active service,” Ingalls Shipbuilding President Kari Wilkinson said. “We consider this a core competency and a critical part of our mission to support the Navy in meeting fleet commitments around the world.”
Planning yard services provided will be in support of amphibious transport dock (LPD 17), assault (LHD 1 and LHA 6), command (LCC 19), and dock landing (LSD 41/49) classes of ships. The contract includes options over a seven-year period and covers fleet modernization availability planning; engineering, design and logistics support; material procurement; program and configuration data management; and on-site technical support through established homeport and planning yard offices and resources.
Key data points: The market size in 2031 = $22.4 billion, growth forecast = 2.5% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the global turret system market to 2031 by platform (land, naval, and airborne), type (manned turret and unmanned turret), component (turret drive, turret control, and stabilization unit), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pages
