HII is Awarded Long-Lead Time Materials Contract for CVN 82

HII (HII) received a $336 million undefinitized contract from the U.S. Navy to begin procuring long-lead time materials for planned aircraft carrier CVN 82 at its Newport News Shipbuilding division.

Rhea-AI Summary

HII (HII) received a $336 million undefinitized contract from the U.S. Navy to begin procuring long-lead time materials for planned aircraft carrier CVN 82 at its Newport News Shipbuilding division.

The award funds advanced procurement of propulsion plant materials that are described as critical to the future construction of CVN 82. An HII program management executive said this order is a key early step in planning the carrier and serves as a demand signal to thousands of suppliers in the U.S. aircraft carrier industrial base. CVN 82 is expected to extend the legacy of highly capable nuclear-powered U.S. aircraft carriers. A photo related to the announcement is available on HII’s website.

Positive

• $336 million undefinitized contract for CVN 82 long-lead materials
• Contract funds advanced procurement of propulsion plant materials for CVN 82

Negative

• None.

Market Context

A 15% 2026 throughput-increase target disclosed on Sept. 4 provided operating context for the Sept. ...

Analysis

A 15% 2026 throughput-increase target disclosed on Sept. 4 provided operating context for the Sept. 11 CVN 82 materials award within HII's Navy shipbuilding activity.

Key Figures

Contract value: $336 million

Contract value

$336 million

Undefinitized contract award for CVN 82 long-lead materials

Historical Context

2 past events · Latest: Sep 04

2 events

1. Sep 04

   Shipbuilding strategy

   24h Move

   +0.6%

   Reported 15% 2026 throughput target amid broader Navy shipbuilding capacity efforts

2. Aug 06

   Production agreements

   24h Move

   +1.3%

   Signed agreements for up to $900 million in shipbuilding work over seven years

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

long-lead time materials, undefinitized contract award, propulsion plant materials

3 terms

long-lead time materials technical

"procurement of long-lead time materials (LLTM) for the construction of planned aircraft carrier CVN 82"

Materials or components that take a long time to procure, manufacture, or deliver and therefore determine how quickly a company can produce its goods. They matter to investors because delays, shortages, or price changes in these items can slow production, push back revenue, increase costs, or force higher inventory holdings; think of them as the slowest links in a factory’s supply chain that set the pace for output.

undefinitized contract award regulatory

"The $336 million undefinitized contract award will initiate advanced procurement"

A contract vehicle used in government procurement that lets a contractor begin work before the final, detailed terms and price are agreed. It sets initial bounds (such as a ceiling price or target) but leaves key elements to be negotiated later, so the final contract value, schedule and risk can change. Like starting a home renovation based on a written go-ahead while the exact scope and price are still being finalized, it matters to investors because it creates near‑term revenue and backlog but also uncertainty about ultimate profit and obligations.

propulsion plant materials technical

"initiate advanced procurement of propulsion plant materials critical to the future construction"

Materials used to build, operate, repair or maintain a vehicle or vessel’s propulsion plant — the engines, turbines, shafts, propellers, fuel and related systems that produce motion. This includes structural metals and composites, seals and bearings, fuels and lubricants, and other parts and consumables that keep the propulsion machinery running. Investors care because the availability, cost, durability and regulatory approval of these materials affect operational reliability, capital and maintenance expenses, and regulatory compliance for operators and suppliers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEWPORT NEWS, Va., Sept. 11, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that it has been awarded a contract from the U.S. Navy to start procurement of long-lead time materials (LLTM) for the construction of planned aircraft carrier CVN 82 at its Newport News Shipbuilding division.

The $336 million undefinitized contract award will initiate advanced procurement of propulsion plant materials critical to the future construction of CVN 82.

“Ordering the materials necessary to build the world’s mightiest aircraft carriers is a critical first step as we begin planning for CVN 82,” said Bryan Caccavale, NNS vice president of program management. “This contract sends an important demand signal to the thousands of suppliers across the nation who make up the aircraft carrier industrial base.”

CVN 82 will continue the legacy of highly capable nuclear-powered U.S. aircraft carriers.

A photo accompanying this release is available at: http://hii.com/news/hii-is-awarded-long-lead-time-materials-contract-for-cvn-82/.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 45,000 strong. For more information, visit:

• HII on the web: https://www.HII.com/
• HII on Facebook: https://www.facebook.com/TeamHII
• HII on X: https://www.twitter.com/WeAreHII
• HII on Instagram: https://www.instagram.com/WeAreHII
• HII on LinkedIn: https://www.linkedin.com/company/wearehii
  
  

Contact:

Todd Corillo
Todd.T.Corillo@HII-co.com
(757) 688-3220

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/995ce200-f9d6-440a-be87-da8cc1e255c9

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What work does the CVN 82 long-lead time materials contract authorize for HII?

The contract authorizes HII’s Newport News Shipbuilding division to start advanced procurement of long-lead time propulsion plant materials that are described as critical to the future construction of aircraft carrier CVN 82.

How does HII describe the broader impact of the CVN 82 materials order?

HII states that ordering these materials is a critical first planning step for CVN 82 and sends an important demand signal to the thousands of suppliers that make up the U.S. aircraft carrier industrial base.