Shipyard gets $1.3B more for carrier John F. Kennedy
By DAVE MAYFIELD | The Virginian-Pilot | Published: March 5, 2014
NEWPORT NEWS, Va. — Newport News Shipbuilding on Tuesday was awarded an additional $1.3 billion by the Navy to continue work on the carrier John F. Kennedy, which is scheduled to join the fleet by 2022.
The contract modification will help the shipyard, a unit of Huntington Ingalls Industries Inc., continue the early stages of construction. The JFK will be the second in the Ford-class of carriers. The Gerald R. Ford, also under construction at the shipyard, is due to be delivered to the Navy in early 2016.
The Ford's estimated total price is nearly $13 billion. The JFK is expected to cost at least $11.3 billion.
Huntington Ingalls said in a news release that the latest contract award will enable the shipyard to, among other things, purchase the majority of the remaining material for the JFK, including valves and pumps. It started work on the carrier in 2009.
More than 23,000 people work at the Newport News yard.