Mil-Tech

Ingalls Shipbuilding Awarded $1.5 Billion U.S. Navy Contract

PASCAGOULA, Miss., April 1, 2011 (GLOBE NEWSWIRE) — Huntington Ingalls Industries, Inc. (NYSE:HII) announced today a U.S. Navy contract awarded to its Ingalls Shipbuilding division for the construction of the 10th San Antonio-class amphibious transport dock. The contract, worth $1.5 billion, will be used to build John P. Murtha (LPD 26), with construction expected to start in May.

Huntington Ingalls Industries, America’s largest military shipbuilder, was previously a business sector of Northrop Grumman Corp. until effectively separating on March 31 in a spinoff of the company to shareholders.

Read more:  www.americanbankingnews.com

The U.S. Navy said it supports NOC’s plan to spin off its shipbuilding businsses

The U.S. Navy said it supports Northrop Grumman Corp.’s (NOC) plan to spin off its shipbuilding businsses and is finalizing negotiations toward awarding two ship-program contracts to the operation.

The defense contractor had said Tuesday its board approved a plan to separate the unit, Huntington Ingalls Industries Inc., into an independent publicly traded company. The move followed the Navy’s new 30-year plan, broader Pentagon spending cuts and a shift in military priorities toward smaller, more nimble weapons programs.

Read more: http://online.wsj.com

Top 100 US Defense Contractors

1. Lockheed Martin Corp.
2. Boeing Co.
3. Northrop Grumman Corp.
4. General Dynamics Corp.
5. Raytheon Co.
6. KBR Inc.
7. L-3 Communications Holdings
8. United Technologies Corp.
9. BAE Systems
10. SAIC
11. General Electric Co.
12. Computer Sciences Corp.
13. Humana Inc.
14. Health Net Inc.
15. Triwest Healthcare Alliance Co.
16. EDS
17. Public Warehousing Co. KSC
18. ITT Industries
19. Textron Inc.
20. Honeywell Inc.
21. URS Corp.
22. Harris Corp.
23. AmerisourceBergen Corp.
24. Bechtel Group Inc.
25. FedEx Corp.
26. Alliant Techsystems Inc.
27. Booz Allen Hamilton Inc.
28. BP PLC
29. DRS Technologies Inc.
30. Exxon Mobil Corp.
31. Kuwait National Petroleum Co.
32. The Alliance Contractor Team
33. Renco Corp.
34. MacAndrews & Forbes Holdings
35. Environmental Chemical Corp.
36. Oshkosh Truck Corp.
37. Royal Dutch Petroleum Co.
38. Stewart & Stevenson Services
39. Armor Holdings Inc.
40. General Motors Corp.
41. Grindex Pumps A B Sweden
42. Korea Agricultural Cooperative
43. CACI International Inc.
44. Johns Hopkins University
45. General Atomics Technology Corp.
46. Rockwell Collins
47. McKesson Corp.
48. Valero Energy Corp.
49. Aerospace Corp.
50. MITRE Corp.
51. Cardinal Health Inc.
52. Massachusetts Institute of Technology
53. Syracuse Research Corp.
54. Chugach Alaska Corp.
55. Dell Computer Corp.
56. Jacobs Engineering Group Inc.
57. ARINC Inc.
58. Phillips and Jordan Inc.
59. Refinery Associates Inc.
60. Rolls-Royce PLC
61. United Industrial Corp.
62. IAP Worldwide Services Inc.
63. Government of Canada
64. Hatakeyama Bussan
65. AP Moller-Maersk
66. ChevronTexaco Corp.
67. Battelle Memorial Institute
68. Shaw Group Inc.
69. Parsons Corp.
70. Thales Group
71. Abu Dhabi National Oil Co.
72. Bahrain National Oil Co.
73. Philip Morris Co.
74. Tetra Tech Inc.
75. Chenega Corp.
76. AshBritt Inc.
77. Hunt Building Corp.
78. Ceradyne Inc.
79. Ceres Environmental Services
80. SK Corp.
81. Veritas Capital Inc.
82. CH2M Hill Companies Ltd.
83. Aecom Technology Corp.
84. Washington Group International
85. Goodrich Corp.
86. Hensel Phelps Construction Co.
87. Procter & Gamble Co.
88. Tesoro Petroleum Corp.
89. UBS Provedores
90. Dogog Farm
91. Datapath Inc.
92. Mantech International Corp.
93. Afognak Native Corp.
94. VSE Corp.
95. Accenture
96. IBM Corp.
97. Arctic Slope Regional Corp.
98. Serco Group PLC
99. Kemyong Farm Ltd.
100. Charles Stark Draper Labs