HII wins $336 million advance-materials contract for future carrier

HII’s ($HII) Newport News Shipbuilding division received a $336 million US Navy contract for long-lead-time materials supporting the planned aircraft carrier CVN 82. The award covers advance procurement, including propulsion-related materials that need to be ordered before later construction stages.

The contract is described as undefinitized, meaning the parties still need to finalize its detailed terms. It should not be confused with an award to build the entire aircraft carrier. The procurement advances preparations for the future vessel within HII’s carrier program, but the amount relates to this specific materials package. The release does not establish the value or timing of a full construction contract, nor does it mean the entire award becomes revenue immediately.

Sources:

• HII — CVN 82 materials contract announcement