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Huntington among companies awarded U.S. government contract potentially valued at $17 billion

Published 09/05/2019, 03:52 PM
© Reuters. Huntington among companies awarded U.S. government contract potentially valued at $17 billion
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(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).

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