Huntington Ingalls Secures Role In $32.5B US Air Force Contract

Huntington Ingalls Industries, Inc. HII said its unit Mission Technologies division was one of the 37 companies awarded the U.S. Air Force Training Systems Acquisition IV, or TSA IV contract. 

The indefinite delivery, indefinite quantity (IDIQ), multiple-award contract has a 10-year ordering period with a potential value of $32.5 billion.

"This contract further expands the opportunity for HII to provide the U.S. Air Force with crucial training systems and support for the mission," said Andy Green, president of Mission Technologies.

Also Read: Huntington Ingalls Bags $567M Contract Modification From General Dynamics For Columbia-Class Submarines

Under the contract, HII will provide analysis, design, development, production, installation, integration, test, database generation, and sustainment to address requirements unique to each platform's mission and individual training needs.

"Our team has the expertise to optimize systems and platforms to provide aircrews with the most realistic training environments that prepare them for any situation," said Glenn Goodman, president of Mission Technologies' LVC Solutions business group. 

HII supported more than 4,500 training events each year to improve warfighting readiness for aircrews at over 50 different USAF, ANG, and AF Reserve locations.

Also Read: General Dynamics Unit Wins $1.076B Contract Modification From US Navy For Virginia-Class Submarines

Price Action: HII shares are trading higher by 1.01% to $218.75 on the last check Wednesday.