Stock Markets June 18, 2026 05:29 PM

Huntington Ingalls Mission Technologies Awarded $417.7M Navy Elevator Support Contract

Cost-plus-fixed-fee IDIQ covers maintenance and repair of aircraft carrier and amphibious ship elevators through June 2031

By Marcus Reed
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Huntington Ingalls Industries Mission Technologies Corp. received a $417.7 million contract from the U.S. Department of Defense to provide maintenance and repair services for elevators on Navy aircraft carriers and amphibious ships. The cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity agreement will fund elevator support unit work at domestic, overseas and forward-deployed locations, with performance slated to conclude by June 2031. Funds will be obligated on individual orders after the award.

Huntington Ingalls Mission Technologies Awarded $417.7M Navy Elevator Support Contract
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Key Points

  • Contract value and structure: $417.7 million cost-plus-fixed-fee, IDIQ award for elevator maintenance and repair on aircraft carriers and amphibious ships.
  • Work scope and locations: Tasks to be performed inside and outside the continental U.S. and at forward deployed locations, with performance through June 2031.
  • Procurement and contracting details: Naval Sea Systems Command in Washington, D.C. is the contracting activity under contract number N00024-26-D-4103; Huntington Ingalls Industries Mission Technologies Corp. is based in McLean, Virginia and is a subsidiary of Huntington Ingalls Industries (NYSE:HII).

Huntington Ingalls Industries Mission Technologies Corp. has been awarded a $417.7 million contract by the U.S. Department of Defense to carry out maintenance and repair work on elevators installed on Navy aircraft carriers and amphibious ships. The award, announced on Monday, takes the form of a cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity (IDIQ) contract intended to support elevator support unit maintenance and repair tasks.

The scope of the contract covers work performed both inside and outside the continental United States, in addition to tasks at forward deployed locations. Contracted activities are expected to continue through June 2031, at which point the current period of performance is due to conclude.

No funds were obligated at the time the contract was awarded. Instead, funding will be provided on a task-order basis, with individual orders obligating funds as they are issued under the IDIQ vehicle. The procurement was conducted on a competitive basis, although only a single offer was received during the solicitation process.

Naval Sea Systems Command, located in Washington, D.C., is the contracting activity administering the award under contract number N00024-26-D-4103. Huntington Ingalls Industries Mission Technologies Corp. is headquartered in McLean, Virginia, and operates as a subsidiary of Huntington Ingalls Industries (NYSE:HII).

The parent company, Huntington Ingalls Industries, supplies military shipbuilding as well as defense and energy solutions to the U.S. government. The awarded contract specifically identifies work on elevators used aboard aircraft carriers and amphibious vessels, and establishes a framework for maintenance and repair across multiple geographic areas and operational settings.


Summary

Huntington Ingalls Industries Mission Technologies has secured a $417.7 million, cost-plus-fixed-fee IDIQ contract from the Department of Defense to provide elevator maintenance and repair services for Navy aircraft carriers and amphibious ships through June 2031. Work will occur inside and outside the continental U.S. and at forward deployed locations. Funds will be obligated on individual task orders after the award; the procurement received one offer. Naval Sea Systems Command in Washington, D.C. is the contracting activity under contract number N00024-26-D-4103.

Key points

  • Contract value and scope: $417.7 million to support maintenance and repair of carrier and amphibious ship elevators, under a cost-plus-fixed-fee IDIQ arrangement.
  • Geographic reach: Work covers locations inside and outside the continental U.S. and at forward deployed locations, affecting naval logistics and maintenance operations.
  • Corporate and contracting details: Naval Sea Systems Command in Washington, D.C. is the contracting activity; Huntington Ingalls Industries Mission Technologies is based in McLean, Virginia and is a subsidiary of Huntington Ingalls Industries (NYSE:HII).

Risks and uncertainties

  • Funding timing: No funds were obligated at award; budgetary reliance on future task orders introduces uncertainty for near-term cash flow and scheduling for the contractor - impacting defense contracting and government procurement timelines.
  • Competitive landscape: The procurement was competitive in process but attracted only one offer, which could reflect limited supplier participation and potential execution risk for the work across dispersed locations - relevant to naval maintenance supply chains.
  • Operational complexity: The requirement to perform maintenance and repairs both inside and outside the continental U.S., including at forward deployed sites, creates logistical and operational variables that could affect delivery schedules and resource allocation - affecting military logistics and contractor planning.

Risks

  • No funds were obligated at the time of award; future funding depends on individual orders being issued, creating uncertainty for near-term cash flow and schedules (impacts defense contracting and government procurement).
  • The contract was competitively procured but received only one offer, indicating limited competition which could raise execution or capacity risks (impacts naval maintenance supply chains).
  • Performing work across domestic, international and forward deployed locations increases logistical and operational complexity, which could affect timelines and resource planning (impacts military logistics and contractor operations).

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