PASCAGOULA, Miss., June 3, 2013 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries' (NYSE:HII) Ingalls Shipbuilding division has been awarded a fixed-price incentive, multiyear contract for construction of five Arleigh Burke-class destroyers (DDG 51s) for the U.S. Navy. The contract, announced today, has a total value of $3.33 billion and includes options for engineering change proposals, design budgeting requirements and post-delivery availabilities, which, if exercised, would bring the cumulative value of the contract to approximately $3.39 billion.
Photo Release -- Ingalls Shipbuilding Wins U.S Navy Contract To Build Five DDG 51 Destroyers
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