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US Shipbuilder Awarded $4Bln to Construct JFK Aircraft Carrier

© REUTERS / Huntington Ingalls Industries, Inc.A photo illustration of the aircraft carrier John F. Kennedy (CVN 79) shown in this handout image courtesy of Huntington Ingalls Industries, Inc. released on June 5, 2015
A photo illustration of the aircraft carrier John F. Kennedy (CVN 79) shown in this handout image courtesy of Huntington Ingalls Industries, Inc. released on June 5, 2015 - Sputnik International
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The US Defense Department stated that the US Navy awarded US shipbuilder Huntington Ingalls more than $4 billion worth of contracts for finalizing the design and construction of the USS John F. Kennedy aircraft carrier.

WASHINGTON (Sputnik) — The US Navy awarded US shipbuilder Huntington Ingalls more than $4 billion worth of contracts for finalizing the design and construction of the USS John F. Kennedy aircraft carrier, the US Defense Department stated in a press release.

“Huntington Ingalls… is being awarded a $3,352,611,760 fixed-price-incentive-firm target contract for all remaining detail design and construction (DD&C) efforts for aircraft carrier USS John F. Kennedy (CVN 79),” the release, issued on Friday, said.

The estimated cost to the US Navy's second Ford-class aircraft carrier is already $370 million above a Congressionally mandated cap set for its construction after the USS Ford - pictured here - ran $2 billion over budget. - Sputnik International
Pentagon’s Newest Aircraft Carrier Already $370M Over Budget
Huntington Ingalls was simultaneously awarded a $940 million contract for additional labor and materials that will be required to complete construction of the aircraft carrier.

Work on the aircraft carrier will be performed in Newport News, Virginia, and is expected to be complete by June 2022, according to the statement.

The USS John F. Kennedy (CVN 79) aircraft carrier is projected to have a 50-year service life. Another carrier of the same name, the USS John F. Kennedy (CV 67), was decommissioned in 2007 after nearly 40 years of service.

Huntington Ingalls is the United States’ largest military shipbuilding company, according to the company’s website.

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