HII Awarded $240M Advance Procurement Contract for LPD 32

HII (NYSE:HII) announced today that its Ingalls Shipbuilding division has received a $240 million, cost-plus-fixed-fee advance procurement contract from the U.S. Navy to provide long-lead-time material and advance construction activities for amphibious transport dock LPD 32. The ship will be the 16th in the San Antonio-class constructed at Ingalls Shipbuilding.

“Our shipbuilders are proud to continue building these amphibious ships that are integral to the Navy fleet,” Ingalls Shipbuilding President Kari Wilkinson said. “The funds from this contract will be used to purchase long-lead time material and major equipment across a supplier network of nearly 400 companies in 30 states.”

LPD 32 will be the third Flight II amphibious ship in the San Antonio class. LPD Flight II is the next generation amphibious ship to replace Whidbey Island (LSD 41) and Harpers Ferry (LSD 49) classes of dock landing ships. Ingalls has delivered 12 San Antonio-class ships to the U.S. Navy and has two more under construction, including Richard M. McCool Jr. (LPD 29) and Harrisburg (LPD 30). Fabrication of the 15th San Antonio-class ship, Pittsburgh (LPD 31), will begin later this year.