U.S. Navy Awards Ingalls $620 Million Shipbuilding Contract

Ingalls has been awarded a $620 million contract to build two additional DDG 51 Class Aegis guided missile destroyers for the U.S. Navy. The two-ship contract awarded represents the exercise of an option included in a multi-year, multi-ship contract awarded to Ingalls last year. With the award, Ingalls has 21 Aegis destroyers under firm contract; and holds options for four additional ships which will be awarded over the next two years. Of the 25 ships and options awarded to Ingalls, 11 ships have been delivered. A 12th Ingalls-built destroyer will be delivered in January. The Navy plans a total of 57 ships in the DDG 51 program.