Contract: Ingalls, $618M

PASCAGOULA, Miss. -- Huntington Ingalls Industries' Ingalls Shipbuilding division has received a $618 million contract modification to fund construction of the Arleigh Burke-class (DDG 51) guided missile destroyer DDG 123 for the U.S. Navy. The ship is the fourth of five destroyers the company was awarded in June 2013. Ingalls previously was awarded $55 million in advance procurement for DDG 123, making the full contract $673 million. Ingalls has delivered 28 Arleigh Burke-class destroyers to the Navy. Destroyers currently under construction at Ingalls are John Finn (DDG 113), Ralph Johnson (DDG 114), Paul Ignatius (DDG 117), Delbert D. Black (DDG 119) and Frank E. Peterson Jr. (DDG 121). (Source: HII, 03/30/16)