FONT-SIZE Plus   Neg

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

Huntington Ingalls Industries (HII) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Swiss banking giant UBS Group AG (UBS) reported Friday an increased pre-tax profit for the third quarter despite weakness in net interest income. Net profit, however, decreased on the absence of last year's hefty tax benefit. Looking ahead, UBS said it is unlikely that the underlying macroeconomic uncertainty and geopolitical tensions will change in the foreseeable future. Amazon.com Inc. (AMZN) Thursday reported an increase in profit for the third quarter, driven largely by revenue growth, especially at Amazon Web services. However, shares of the online retailer dropped nearly 5 percent in extended session after its profit fell short of Wall Street estimates. The midpoint... Alphabet Inc., (GOOG, GOOGL), the parent company of Google, Thursday reported a jump in third-quarter profit, largely driven by increase in search and advertising revenues. Earnings and revenues for the quarter trumped Wall Street expectations. Alphabet's third-quarter profit rose to $5.06 billion...
comments powered by Disqus
Follow RTT