StockWatch
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Marine Transportation
DealsJun 22, 2026, 11:01 AM

HII Awarded $418M Navy Contract for Shipboard Elevators

AI Summary

HII has been awarded a $418 million indefinite delivery/indefinite quantity (IDIQ) contract by Naval Sea Systems Command (NAVSEA). The five-year contract tasks HII's Mission Technologies division with providing engineering, maintenance, and technical repair support for shipboard elevators, cargo handling equipment, and associated systems on U.S. Navy aircraft carriers and amphibious ships. This contract aims to support the fleet's operational readiness, building on HII's four decades of experience in elevator support.

Key Highlights

  • HII awarded a $418 million contract by Naval Sea Systems Command (NAVSEA).
  • The contract is for a five-year, indefinite delivery/indefinite quantity (IDIQ) term.
  • HII's Mission Technologies division will repair and maintain shipboard elevators and cargo handling equipment.
  • Services cover U.S. Navy aircraft carriers and amphibious ships.
  • HII will also provide sailor training and rapid response fly-away teams.
  • The company leverages over 40 years of Elevator Support Unit experience.