(Reuters) - U.S. nuclear-powered ship maker Huntington Ingalls Industries (N:HII) said on Thursday it was among the 16 companies awarded an intelligence analysis contract by the U.S. government.
The contract has a potential value of $17 billion and a base period of five years, the company said.
Huntington will provide a wide range of analytic and operational support services to the U.S. Defense Intelligence Agency as part of the contract.
The company's shares rose nearly 3% to $214.31 following the news. Up to Wednesday's close, the stock had risen 9.6% this year, underperforming a 21.4% increase in the Dow Jones U.S. Industrials index (DJUSIN).