Ingalls awarded $240 million Navy contract

Huntington Ingalls Industries (NYSE:HII) reports 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

CRS report on frigate

Navy awards Fincantieri Marinette Marine 3rd frigate

The Department of Defense announced today that the Navy awarded Fincantieri Marinette Marine Corp., Marinette, Wis., a $536,875,440 fixed-price incentive (firm target) and firm-fixed-price modification to previously awarded contract N00024-20-C-2300 to exercise