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Pascagoula shipbuilders fuel strong revenue for Ingalls Shipbuilding

Ingalls Shipbuilding in Pascagoula launched the amphibious assault ship Tripoli (LHA 7) this quarter, 13 weeks ahead of schedule.
Ingalls Shipbuilding in Pascagoula launched the amphibious assault ship Tripoli (LHA 7) this quarter, 13 weeks ahead of schedule.

A strong second quarter at Ingalls Shipbuilding in Pascagoula helped push Huntington Ingalls Industries’ revenue to $1.86 billion, up 9.3 percent from the second quarter of 2016.

Ingalls’ revenues for the second quarter increased $54 million, or 9.2 percent, from a year ago, the company reported on Thursday. HII said Ingalls saw higher revenues in amphibious assault ships and the Legend-class National Security Cutter program.

The company said that higher revenues on amphibious assault ships were due to increased volumes on Fort Lauderdale (LPD 28), Bougainville (LHA 8) and Tripoli (LHA 7), partially offset by decreased volume on the delivered USS John P. Murtha (LPD 26).

In just the last three months Ingalls Shipbuilding:

▪  Christened Paul Ignatius (DDG 117)

▪  Launched Tripoli

▪  Was awarded a $3 billion contract for the detailed design and construction of Bougainbille

▪  Was awarded a contract modification to incorporate Flight III upgrades to the Jack H. Lucas

▪  Was awarded a $218 million advance procurement contract for LPD 29, (unnamed)

▪  Completed builders’ sea trials for Portland (LPD 27)

HII doesn’t break down backlog by segment for Ingalls Shipbuilding and Newport News Shipbuilding in Virginia, but said new business awards for the quarter were $3.4 billion, bringing total backlog to $21.1 billion as of June 30.

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