in ,

Mike Petters: HII Booked Q1 2018 Orders for Approximately 25 Warships

Mike Petters: HII Booked Q1 2018 Orders for Approximately 25 Warships - top government contractors - best government contracting event
Mike Petters
Mike Petters: HII Booked Q1 2018 Orders for Approximately 25 Warships - top government contractors - best government contracting event
Mike Petters

Mike Petters, president and CEO of Huntington Ingalls Industries, has said the company had booked contracts for approximately 25 combat ships at the end of the first quarter of fiscal 2018, the National Interest reported Saturday.

“By the end of 2020, if all goes as planned, we will see a significant amount of contracting activity that is expected to result in the award of base contracts or options to be exercised for 20 to 30 ships,“ Petters told investors.

Those vessels include the CVN 80 and 81 aircraft carriers; NSC 10 and 11 cutter ships; Virginia-class submarine block V; LPD Flight II amphibious transport dock; and the multiyear procurement program for the DDG 51 Arleigh Burke-class guided missile destroyer.

He said the company expects to complete work on the DDG 117 missile destroyer, NSC 7 cutter ship and LHA 7 America-class amphibious assault ship by the second half of 2018.

The report said HII plans to build up production efforts by making a capital investment of approximately $1.8 billion in shipbuilding facilities.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

Report: Northrop's H03 Firebird Intell Aircraft Flies at California-Based Space Port - top government contractors - best government contracting event

Report: Northrop’s H03 Firebird Intell Aircraft Flies at California-Based Space Port

ULA Rocket Launches Lockheed-Built “˜InSight' Mars Lander for NASA - top government contractors - best government contracting event

ULA Rocket Launches Lockheed-Built “˜InSight' Mars Lander for NASA