Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
 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
