Huntington Ingalls Secures Contract to Support USS John C. Stennis Aircraft Carrier Refueling and Overhaul

Huntington Ingalls Industries has secured a contract valued at nearly $13.1 million to support the USS John C. Stennis aircraft carrier's refueling and complex overhaul. The work will be executed in Newport News, VA, and is expected to be completed on Aug. 28, 2026. The company's leadership in aircraft carriers and its experience in building naval ships make it a prominent player in the U.S. naval defense market. The global Aircraft Carrier Ship market is expected to witness a CAGR of 12.8% in the 2025-2030 period, benefiting Huntington Ingalls. Other defense players that can gain from the expanding market include RTX Corporation and BAE Systems plc.

Huntington Ingalls Industries (HII) has secured a contract valued at nearly $13.1 million to support the USS John C. Stennis aircraft carrier's refueling and complex overhaul. The work will be executed in Newport News, Virginia, and is expected to be completed on August 28, 2026 [1].

The contract, a cost-plus-incentive fee modification to a previously awarded contract, includes funding for supplemental work and special incentives for improved facilities at the Newport News Shipyard. The U.S. Department of Defense has announced that the contract includes options which, if exercised, would increase the total value to $15.5 million [1].

The funding for this project comes from fiscal 2025 sources, with $15 million (55%) from shipbuilding and conversion funds and $12.5 million (45%) from operations and maintenance funds. The total $27.5 million will expire at the end of the current fiscal year [1].

HII's leadership in aircraft carriers and its experience in building naval ships make it a prominent player in the U.S. naval defense market. The global Aircraft Carrier Ship market is expected to witness a CAGR of 12.8% in the 2025-2030 period, benefiting Huntington Ingalls. Other defense players that can gain from the expanding market include RTX Corporation and BAE Systems plc [2].

References:
[1] https://www.investing.com/news/stock-market-news/huntington-ingalls-awarded-985-million-contract-for-uss-stennis-overhaul-93CH-4217408
[2] https://www.prnewswire.com/news-releases/aerospace-composites-market-growing-at-10-4-cagr-during-2025-2030--says-mordor-intelligence-302545112.html