HII Awarded $5.1B US Navy Contract for USS Harry S. Truman Overhaul

Key Facts

1HII's Newport News Shipbuilding division was awarded a $5.1 billion contract for the refueling and complex overhaul of the USS Harry S. Truman.

HII's Newport News Shipbuilding division was awarded a $5.1 billion contract for the refueling and complex overhaul of the USS Harry S. Truman. GlobeNewswire reported that the contract includes options that could increase the total value to approximately $5.18 billion, covering extensive modernization of the ship's systems and nuclear reactors.

The agreement addresses the mid-life refueling and complex overhaul (RCOH) required for nuclear-powered aircraft carriers to remain in service, providing significant long-term revenue visibility for HII. The company's outlook remains positive following the announcement of this major defense project.