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Ingalls Shipbuilding Granted $76 Mln Advance Procurement Contract For Sixth NSC

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3/30/2012 5:46 PM ET

Huntington Ingalls Industries (HII: Quote) announced that its Ingalls Shipbuilding division has received a $76 million fixed-price contract from the U.S. Coast Guard to purchase long-lead materials for a sixth National Security Cutter or NSC.

Construction and delivery of the yet-to-be-named WMSL 755 will be performed at the company's Pascagoula facility. A second phase of the contract, when awarded, would bring the overall value to $88 million.

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by RTT Staff Writer

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