Huntington Ingalls wins $4.3 billion in US Navy carrier deals

WASHINGTON: Huntington Ingalls Industries Inc on Friday won two contracts worth a combined $4.3 billion to complete design work and construction of the USS John F Kennedy aircraft carrier, the Pentagon said in its daily digest of major weapons contracts.

The first contract, a fixed-price deal with an incentive fee, was worth $3.4 billion for design and construction work on the new warship, and runs through June 2022.

A second contract, a cost-plus contract with an incentive fee, was worth $941 million and is a modification of a previously awarded contract. Together the two deals will cover all design and construction of the new ship.