HII (HII) said its Ingalls Shipbuilding division has been chosen by the U.S. Navy to design and build the future small surface combatant, based on the proven Legend-class national security cutter design previously constructed at the yard.
The company said the existing cutter design offers a stable and producible foundation that supports faster execution and more predictable delivery schedules. Ingalls plans to build the new ships alongside its ongoing destroyer and amphibious programs, using the same construction sequence applied to the national security cutters.
HII noted that Ingalls currently supports multiple Navy programs at once, including DDG 51 Flight III destroyers, amphibious assault ships, and LPD Flight II vessels, while also modernising Zumwalt-class destroyers with advanced weapons and technology upgrades. The yard previously delivered 10 Legend-class cutters to the U.S. Coast Guard over nearly two decades, with the final ship handed over in October 2023.
HII currently trades at $329.35 or 2.08% higher on the NYSE.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.