Huntington-Ingalls Wins $487 Million Coast Guard Cutter Contract
Shipbuilder Huntington Ingalls Industries will build a sixth National Security Cutter (NSC) for the U.S. Coast Guard, Huntington announced Wednesday.
The contract to build the cutter, dubbed the Munro, is worth $487 million to Newport News, Va.-based Huntington.
The Munro and her sister ships are designed to serve as the "flagships" of the Coast Guard's cutter fleet, replacing the 378-foot Hamilton-class cutters that have been in service since the 1960s. So far, Huntington has built three of the new NSC vessels, is about 40% through construction of a fourth, and 17% through a fifth. At 418 feet in length, and weighing 4,500 tons, the NSCs boast top speeds of 28 knots, a range of 12,000 miles, and mission endurance of 60 days.
Huntington, which builds, integrates, and tests NSC hulls and mechanical and electrical systems, cooperates with Lockheed Martin -- responsible for command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) systems -- in the ships' construction.
The article Huntington-Ingalls Wins $487 Million Coast Guard Cutter Contract originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Huntington Ingalls Industries and Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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