HII Wins $336M Navy Contract for CVN 82 Propulsion Materials
HII is trading near its 52-week low of $263.62 (5.9% above the low).
Summary
HII secured a $336 million undefinitized contract for long-lead time propulsion plant materials for the CVN 82 aircraft carrier. This is a new award, not previously reported in the timeline, and adds to the company's record $57.3B backlog. The contract supports the Navy's Ford-class carrier program and reflects continued demand for HII's shipbuilding capabilities. The undefinitized nature means final terms are still being negotiated, but the award signals ongoing program momentum.
At the time of this announcement, HII was trading at $279.23 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $11B. The 52-week trading range was $263.62 to $460.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.