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DE
HII Nabs $25 Billion Of New Submarine Contract
['Rich Abott']
Defense Daily
HII [HII] on Thursday said its Newport News Shipbuilding division’s portion of the Navy’s latest multi-boat multi-year submarine contract deal is worth $25 billion.
HII in a statement Wednesday evening following the government's announcement said its portion specifically includes being the delivery yard for six of the Virginia-class submarines and constructing and delivering six module sections for each Columbia-class submarine.
“What comes to Newport News, approximately $25 billion of that, and about five and a half billion of the Columbia…