HII Wins $418M US Navy Shipboard Elevator Maintenance Contract
Huntington Ingalls Industries (HII) secured a $418 million, five-year contract from the U.S. Naval Sea Systems Command to maintain and repair shipboard elevators on Navy aircraft carriers and amphibious ships. The work, performed by HII’s Mission Technologies division, includes engineering, technical repair, sailor training, and rapid-response global support. The contract aims to sustain operational readiness across much of the U.S. fleet, with work occurring in the U.S., overseas, and forward-deployed locations.
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Why Huntington Ingalls (HII) Just Scored One of Its Biggest Navy Wins This Year
Huntington Ingalls Industries (HII) announced on June 22, 2026, that it was awarded a $418 million contract by the Naval Sea Systems Command to provide repair and maintenance services for shipboard elevators on U.S. Navy aircraft carriers and amphibious ships. The five-year indefinite-delivery/indefinite-quantity contract will be executed by HII's Mission Technologies division, covering engineering, maintenance, and technical support for elevators and cargo handling equipment to enhance fleet operational readiness. Separately, on May 18, Citi lowered its price target on HII to $405 from $441 but maintained a Buy rating, citing attractive buying opportunities amid recent weakness in aerospace and defense stocks. HII, headquartered in Newport News, Virginia, designs and builds nuclear-powered aircraft carriers and submarines and partners with commercial fusion developers.
Yahoo FinanceHuntington Ingalls Secures $418 Million Navy Contract for Shipboard Elevator Services
Huntington Ingalls Industries (HII) announced on June 22, 2026, that it was awarded a $418 million contract by the Naval Sea Systems Command to provide repair and maintenance services for shipboard elevators on U.S. Navy aircraft carriers and amphibious ships. The five-year indefinite-delivery/indefinite-quantity contract will be executed by HII's Mission Technologies division, covering engineering, maintenance, and technical support for elevators and cargo handling equipment to enhance fleet operational readiness. Separately, on May 18, Citi lowered its price target on HII to $405 from $441 but maintained a Buy rating, citing recent weakness as a buying opportunity despite geopolitical uncertainties. HII, headquartered in Newport News, Virginia, designs and builds nuclear-powered aircraft carriers and submarines and also partners with commercial fusion developers.
Yahoo FinanceHII secures $418 million contract for US Navy shipboard elevator maintenance
Huntington Ingalls Industries (HII), a major US shipbuilder, has been awarded a $418 million contract by the US Navy to provide maintenance and repair services for shipboard elevators across aircraft carriers and amphibious assault ships. The contract covers upkeep of critical vertical transport systems used for moving aircraft, munitions, and supplies. This award underscores ongoing sustainment priorities for the US Navy's surface fleet, ensuring operational readiness of elevator systems essential for flight deck and hangar bay operations. The full value and scope indicate a multi-year commitment to maintaining these complex mechanical systems on both nuclear-powered carriers and amphibious platforms.
Naval TechnologyHII wins $418m contract for US Navy shipboard elevator upkeep
US shipbuilder Huntington Ingalls Industries (HII) has been awarded a $418 million contract by the Naval Sea Systems Command (NAVSEA) for maintenance and repair of shipboard elevators on US Navy aircraft carriers and amphibious ships. The five-year indefinite delivery/indefinite quantity (IDIQ) contract tasks HII's Mission Technologies division with engineering and technical repair services for elevators, cargo handling equipment, and related systems. The division will also provide sailor training to improve crew self-sufficiency and deploy rapid response fly-away teams globally. Work will occur within the continental US, overseas, and at forward-deployed positions. HII brings over 40 years of Elevator Support Unit experience to the project, aiming to maintain operational readiness across a significant portion of the US Navy fleet. The contract aligns with HII's broader naval support work, following a $283m FF(X) lead yard contract in April.
Naval TechnologyHII wins $418m contract for US Navy's shipboard elevator upkeep
Huntington Ingalls Industries (HII) has been awarded a $418 million contract by the U.S. Naval Sea Systems Command (NAVSEA) to provide maintenance and repair services for shipboard elevators on U.S. Navy aircraft carriers and amphibious ships. The five-year, indefinite-delivery/indefinite-quantity (IDIQ) contract tasks HII's Mission Technologies division with engineering, technical repair, and training services for elevators and cargo handling equipment. The company will also deploy rapid response mobile teams globally and conduct sailor training to improve crew self-sufficiency. Work will take place in the U.S., overseas, and forward-deployed locations. HII's Mission Technologies group has over 40 years of experience in elevator support programs. The contract is intended to support operational readiness for the majority of U.S. Navy assets. In April, HII's Ingalls Shipbuilding division also received a $283 million contract for FF(X) frigate support activities.
Naval Technology