PASCAGOULA, Miss., May 31, 2012 (GlobeNewswire via COMTEX) -- The U.S. Navy today awarded Huntington Ingalls Industries HII +0.46% a $2.38 billion fixed-price-incentive contract for the detail design and construction of the multipurpose amphibious assault ship Tripoli (LHA 7). The ship will be built at the company's Ingalls Shipbuilding division.
"Large-deck amphibious ship construction is an important component of our business plan, and we are pleased to have reached agreement with the Navy on this contract," said Ingalls Shipbuilding President Irwin F. Edenzon. "We are also pleased to continue providing such an important asset to the sailors and Marines who are being called on to perform an ever-increasing list of tough missions. Ingalls shipbuilders understand the importance of building these ships safely and efficiently while all the while focusing on delivering a quality product. LHA 7 will be a great ship built by great shipbuilders."