Business UpdateJul 29, 2026, 05:45 PM
HII Awarded $76.6B for Submarine Construction Contracts
AI Summary
HII announced that its Newport News Shipbuilding division, as part of the U.S. nuclear submarine shipbuilding team, has been awarded significant contracts. The U.S. Navy modified contracts totaling approximately $76.6 billion to HII and General Dynamics Electric Boat for the construction of five additional Columbia-class and nine additional Virginia-class submarines. The funding also includes support for shipyard infrastructure, with NNS serving as the delivery yard for six Virginia-class submarines and constructing module sections for the Columbia-class program.
Key Highlights
- HII awarded approximately $76.6 billion in contract modifications from the U.S. Navy.
- Contracts are for construction of Block VI Virginia-class and Build II Columbia-class submarines.
- Includes five additional Columbia-class and nine additional Virginia-class submarines.
- Funding also covers shipyard infrastructure improvements.
- HII's Newport News Shipbuilding (NNS) will be the delivery yard for six Virginia-class submarines.
- NNS will construct and deliver six module sections per Columbia-class submarine.
- General Dynamics Electric Boat (GDEB) is also a partner in the contracts.
Price Impact
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