Major contract modification announced for Huntington Ingalls Industries
- Huntington Ingalls Industries awarded $1.17 billion Navy contract modification
- Contract includes options that could bring total value to $1.24 billion
- Work is for completing an engineered overhaul of the USS Boise
- Expected to be completed by September 2029 in Newport News, Va.
Huntington Ingalls Industries has been awarded a $1.17 billion modification to a contract for work on the USS Boise. The U.S. Navy announced the modification on Friday, which includes options that could bring the total value of the contract to $1.24 billion. The work is specifically for completing an engineered overhaul of the USS Boise, a Los Angeles class nuclear-powered submarine. The project is expected to be completed by September 2029 and will take place in Newport News, Virginia.
Factuality Level: 9
Factuality Justification: The article provides factual information about a contract awarded to Huntington Ingalls Industries for work on the USS Boise. It includes details such as the contract amount, the nature of the work, the expected completion date, and the location where the work will be performed. There are no digressions, misleading information, sensationalism, redundancy, or opinion masquerading as fact in the article.
Noise Level: 3
Noise Justification: The article provides relevant information about a significant contract modification for work on a specific submarine. It stays on topic, supports its claims with details about the contract, and does not contain irrelevant or misleading information. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people, which prevents it from receiving a higher rating.
Financial Relevance: Yes
Financial Markets Impacted: Huntington Ingalls Industries
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses a contract modification awarded to Huntington Ingalls Industries. However, there is no mention of an extreme event or its impact.
Public Companies: Huntington Ingalls Industries (HII)
Key People: Ben Glickman (Unknown)
Reported publicly:
www.marketwatch.com 
