Ingalls Gets $618M Navy Destroyer Contract

NEW ORLEANS (AP) — Huntington Ingalls Industries has received a $618 million contract modification to fund the construction of a new guided-missile destroyer for the U.S. Navy.

         The Sun Herald’s Wesley Muller reports the Arleigh Burke-class guided missile destroyer is the fourth of five destroyers Ingalls is slated to build as part of a multi-year contract awarded in June 2013.

         Spokesman Bill Glenn says the defense contractor was awarded $55 million in advance procurement for the destroyer, making the full contract worth a total of $673 million.

         The five-ship contract allows Ingalls to build ships more efficiently by buying bulk material and moving the skilled workforce from ship to ship. With this contract, Glenn says Ingalls will be building destroyers through 2023.

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