Huntington Ingalls Secures $336 Million Navy Contract for CVN 82 Aircraft Carrier Materials

Huntington Ingalls Industries (NYSE: HII) has been awarded a $336,112,000 contract modification by the U.S. Navy for the advance procurement of materials needed for the construction of a future Ford-class aircraft carrier. The vessel is designated CVN 82 and will be named the future USS William J. Clinton, according to the Department of Defense announcement.

Contract Details

The award specifically covers long-lead-time materials, which are critical components that must be ordered years in advance of the main construction phase to ensure the production schedule is met. These often include complex systems such as parts for the nuclear reactor, propulsion equipment, and other specialized hardware.

Key details of the contract include:

• Total Value: $336,112,000
• Purpose: Advance procurement for the CVN 82 aircraft carrier.
• Work Location: The work will be performed at the company's Newport News Shipbuilding facility in Virginia.
• Projected Completion: The project supported by these materials has a long-term completion timeline, estimated for March 2039.

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Procurement and Funding

The contract was awarded by the Naval Sea Systems Command in Washington, D.C., on a sole-source basis. This non-competitive procurement is authorized under U.S. law when only one responsible source can satisfy the agency's requirements. Huntington Ingalls' Newport News division is the sole designer, builder, and refueler of U.S. Navy aircraft carriers.

Funding for the contract comes from the Navy's fiscal 2026 shipbuilding and conversion budget. The full amount was obligated at the time of the award and the funds will not expire at the end of the fiscal year, a common practice for long-term defense projects. This contract provides early-stage revenue visibility for a key program in Huntington Ingalls' portfolio.