Woodland Hills-based Litton Industries' Ingalls Shipbuilding division has been awarded a U.S. Navy contract worth $2.8 billion to build eight DDG 51 Class Aegis guided missile destroyers.
"The multiyear ship award brings important stability to the Aegis destroyer program, and to Ingalls' future business planning process," said Jerry St. Pe', senior vice president of Litton Industries and president of Ingalls Shipbuilding.
The Navy plans to order a total of 57 ships as part of the DDG 51 program, the company said. With the announcement, the Navy has awarded contracts for 52 so far, 25 of them Aegis destroyers from Ingalls. The remaining five are expected to be awarded in 2002 and 2003.