What Happened
US Navy Initiates Aircraft Carrier Construction With Long-Lead Time Materials
HII has been awarded a $336 million contract by the US Navy to procure long-lead time materials for the construction of aircraft carrier CVN 82. The contract will initiate advanced procurement of propulsion plant materials critical to the future construction of the carrier. According to HII, this contract sends an important demand signal to suppliers across the nation who make up the aircraft carrier industrial base. The contract was announced by HII, as reported by Markets Insider.