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Investing.com -- Huntington Ingalls Inc. Newport News Shipbuilding has been awarded a $98,459,990 contract modification for the USS John C. Stennis (CVN 74) Refueling Complex Overhaul.
The cost-plus-incentive fee modification to a previously awarded contract includes funding for supplemental work and special incentives for improved facilities at the Newport News Shipyard in Virginia.
The U.S. Department of Defense announced that the contract includes options which, if exercised, would increase the total value to $110,959,990.
Work will be performed in Newport News, Virginia, with expected completion by October 2026.
The funding comes from fiscal 2025 sources, with $15,000,000 (55%) from shipbuilding and conversion funds and $12,500,000 (45%) from operations and maintenance funds. The total $27,500,000 will expire at the end of the current fiscal year.
Naval Sea Systems Command in Washington, D.C. is serving as the contracting activity for this project.
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