China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts 
Samsung Electronics Eyes Record Q1 Profit Amid AI-Driven Chip Boom 
Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth 
Britain Courts Anthropic Amid US Defense Department Dispute 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Pony.ai, Uber, and Verne Launch Europe's First Commercial Robotaxi Service in Zagreb 
LG Electronics Posts Record Q1 Revenue Amid Strong Demand and Cost Improvements 
Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk 
BHP's Incoming CEO Visits China Amid Pricing Dispute with CMRG 
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs 
Deere & Company Agrees to $99 Million Settlement Over Right-to-Repair Dispute 
Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles 
Pershing Square Bids €30.40 Per Share to Acquire Universal Music Group in $9.4B Deal 
Ford Issues Major Recall on Over 422,000 Vehicles Due to Windshield Wiper Defect 
Kia Cuts EV Sales Target for 2030 Amid Slowing Demand and U.S. Policy Shifts 
 Class of Amphibious Ships - EconoTimes)
PASCAGOULA, Miss., Aug. 29, 2016 -- Huntington Ingalls Industries (NYSE:HII) announced today that its Ingalls Shipbuilding division has been awarded a $13.7 million contract (with incremental funding) to perform contract design effort for the U.S. Navy’s amphibious warfare ship replacement, known as LX(R).
“Ingalls has the finest shipbuilders and engineers in the world who make it their mission to meet the needs of the men and women of the United States Navy and Marine Corps,” said Ingalls Shipbuilding President Brian Cuccias. “Pairing that with a hot production line and deep experience building San Antonio-class LPD amphibious warships, Ingalls stands ready to smoothly transition the Navy from LPD into the new technologically advanced LX(R) program.”
On June 30, Ingalls was selected to perform the majority of the contract design work for LX(R). The Department of Defense made the announcement at the same time Ingalls was awarded a contract to build the next large-deck amphibious assault warship, LHA 8.
LX(R) will replace the Navy’s Harpers Ferry- and Whidbey Island-class dock landing ships and will use the same hull as the San Antonio (LPD 17) class. Ingalls has delivered 10 of the LPD 17 ships to the Navy, is currently building the 11th, Portland (LPD 27), and has received more than $258 million in advance procurement funding for the 12th, Fort Lauderdale (LPD 28).
A photo accompanying this release is available at: http://newsroom.huntingtoningalls.com/file?fid=57c494672cfac21cbb8e3eac.
Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of engineering, manufacturing and management services to the nuclear energy, oil and gas markets. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. Headquartered in Newport News, Virginia, HII employs nearly 35,000 people operating both domestically and internationally. For more information, visit:
- HII on the web: www.huntingtoningalls.com
- HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries
- HII on Twitter: twitter.com/hiindustries
Contact: Bill Glenn [email protected] 228-935-1323
