Navy Delays $4B Huntington Ingalls Aircraft Carrier Contract

Law360, New York (September 13, 2013, 7:41 PM EDT) -- The U.S. Navy has delayed a $4 billion contract to shipbuilder Huntington Ingalls Inc. for an aircraft carrier that is scheduled for delivery roughly 20 years from now, according to Friday news reports.

The Navy has delayed Huntington Ingalls’ contract for the USS John F. Kennedy, according to a report by Dow Jones. The ship, also known as CVN 79, is an aircraft carrier that the shipbuilding giant has estimated will save the Navy over $5 billion in the course of 50 years. The Navy has...
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