Mike Petters on HII’s Contracts, Navy’s Shipbuilding Plan

Mike Petters, president and CEO of Huntington Ingalls Industries, told analysts Thursday that this a “very exciting time in shipbuilding” amid HII’s recent contract wins, USNI News reported Thursday.

“Orders are in the book and the team can get cut loose to execute those orders,” he told analysts during the company’s earnings call.

In late January, HII’s Newport News Shipbuilding division received a $15.2B contract modification from the U.S. Navy to design and build two Gerald R. Ford-class aircraft carriers. A month prior to that, Ingalls Shipbuilding secured two contracts worth $930.9M combined to construct the 10th and 11th National Security Cutters for the U.S. Coast Guard.

The Navy also tapped HII in September for a potential $5.25B contract to build new Arleigh Burke-class guided missile destroyer ships.

Petters also discussed the Navy’s shipbuilding program in the next three decades, including the contract for LHA-9 and LHA-10 amphibious assault ships and the challenge the service faces when it comes to building up the readiness of its submarine fleet, according to the report. 
 

You may also be interested in...

Microsoft

Microsoft Azure Government Now Offers 142 Services With FedRAMP’s High Provisional Authorization

Microsoft now has 142 cloud services certified with high provisional authorization to operate under the Federal Risk and Authorization Management Program, which aims to standardize the security of cloud products used in the federal government. The company said in a blog post published Thursday its offerings under the Azure Government cloud work to boost the security and compliance of federal agencies.

MCR Federal

MCR Federal Working to Provide Space Force With Modernized C2 Software

MCR Federal secured a contract in May to help the U.S. Space Force implement new command and control software equipped with modernized applications in an effort to replace aging space C2 software tools.

X-57 Maxwell

NASA to Hold High-Voltage Ground Tests for X-57 Electric Aircraft

NASA is slated to conduct ground tests for high-voltage operation of an experimental plane being designed by Empirical Systems Aerospace to help the agency create certification requirements for electric aircraft units.