Huntington Ingalls, General Dynamics Win US Navy Orders

By Reuters

Huntington Ingalls said the contract would allow it to build ships more efficiently by buying bulk material and moving the skilled workforce from ship to ship.

Huntington Ingalls, which was spun off by Northrop Grumman Corp in 2011, has built 28 DDG 51 destroyers for the Navy to date, and has two more under construction. It will build the new ships at its shipyard in Pascagoula, Mississippi, which was damaged by Hurricane Katrina in 2005.

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