Huntington Ingalls Industries, Inc. (HII - Free Report) has won a contract from the U.S. Navy for advance planning of the detail design and production of the fiscal 2018 nuclear powered aircraft carrier, USS Enterprise (CVN 80).
The contract is valued at $152 million and the contracting activity is Naval Sea Systems Command, Washington Navy Yard, WA, District of Columbia.
Per the contract, Huntington Ingalls will carry out research and development, integrated designing, engineering, and purchase of long lead-time materials. Designing and production of a nuclear-powered aircraft carrier involves vast technical and expert knowledge regarding the ship’s mission, design, systems and nuclear reactor plants.
Work is scheduled to be complete by Mar 2018 and will be performed in Newport News, VA. The aircraft it will be delivered to the Navy in 2027. The contract will use fiscal 2016 shipbuilding and conversion (Navy); and fiscal 2016 research, development, test and evaluation (Navy) funds.
The Enterprise (CVN 80), Gerald R. Ford class’ third aircraft carrier, bears the name of the Navy’s first nuclear-powered aircraft carrier, USS Enterprise (CVN 65). Once it enters service, Enterprise will retire the USS Dwight D. Eisenhower, a Nimitz-class ship.
Huntington Ingalls is the prime industrial employer in Virginia. It is the sole designer and manufacturer of nuclear-powered aircraft carriers in the U.S. Over 70% of the active U.S. Navy fleet consists of Huntington Ingalls ships. The company has developed an exclusive ability in all aspects of aircraft carrier designing, production, innovation, repair, and technical and engineering support.
Huntington Ingalls currently has a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. , BAE Systems plc (BAESY - Free Report) and CAE Inc. (CAE - Free Report) , each carrying a Zacks Rank #2 (Buy).
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Huntington Ingalls Industries, Inc. (HII - Free Report) has won a contract from the U.S. Navy for advance planning of the detail design and production of the fiscal 2018 nuclear powered aircraft carrier, USS Enterprise (CVN 80).
The contract is valued at $152 million and the contracting activity is Naval Sea Systems Command, Washington Navy Yard, WA, District of Columbia.
Per the contract, Huntington Ingalls will carry out research and development, integrated designing, engineering, and purchase of long lead-time materials. Designing and production of a nuclear-powered aircraft carrier involves vast technical and expert knowledge regarding the ship’s mission, design, systems and nuclear reactor plants.
Work is scheduled to be complete by Mar 2018 and will be performed in Newport News, VA. The aircraft it will be delivered to the Navy in 2027. The contract will use fiscal 2016 shipbuilding and conversion (Navy); and fiscal 2016 research, development, test and evaluation (Navy) funds.
The Enterprise (CVN 80), Gerald R. Ford class’ third aircraft carrier, bears the name of the Navy’s first nuclear-powered aircraft carrier, USS Enterprise (CVN 65). Once it enters service, Enterprise will retire the USS Dwight D. Eisenhower, a Nimitz-class ship.
Huntington Ingalls is the prime industrial employer in Virginia. It is the sole designer and manufacturer of nuclear-powered aircraft carriers in the U.S. Over 70% of the active U.S. Navy fleet consists of Huntington Ingalls ships. The company has developed an exclusive ability in all aspects of aircraft carrier designing, production, innovation, repair, and technical and engineering support.
Huntington Ingalls currently has a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. , BAE Systems plc (BAESY - Free Report) and CAE Inc. (CAE - Free Report) , each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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