Ingalls gets LPD 29 advanced procurement contract

Ingalls Shipbuilding has received a $218 million contract from the U.S. Navy to provide long-lead-time material and advance construction activities for LPD 29 Ingalls Shipbuilding has received a $218 million contract from the U.S. Navy to provide long-lead-time material and advance construction activities for LPD 29 HII

JULY 3, 2017 — Huntington Ingalls Industries (NYSE:HII) reports that its Ingalls Shipbuilding division has received a $218 million, cost-plus-fixed-fee advance procurement contract from the U.S. Navy to provide long-lead-time material and advance construction activities for LPD 29, the thirteenth amphibious transport dock of the San Antonio (LPD 17) class.

The funds will be used to purchase long-lead-time material and major equipment, including main engines, diesel generators, deck equipment, shafting, propellers, valves and other long-lead systems.

"This contract is important for us, and for our 400 LPD suppliers in 30 states across the country, as we continue to build these high-quality, complex amphibious warships for the U.S. Navy," said Ingalls Shipbuilding President Brian Cuccias. "This contract enables us to align our material, processes and people to build LPD 29 efficiently and affordably and to leverage our hot production line."

Ingalls' eleventh LPD, Portland (LPD 27), returned from builder's sea trials last week and will be delivered later this year. Fort Lauderdale (LPD 28) began construction last December and will have its keel laid this fall.

The 684-foot-long, 105-foot-wide San Antonio class 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,.

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