Huntington Ingalls Industries Inc, General Dynamics Corp Win U.S. Navy Orders-Reuters

Monday, 3 Jun 2013 07:48pm EDT 

Reuters reported that Huntington Ingalls Industries Inc beat out General Dynamics Corp for a larger share of a $6.1 billion U.S. Navy order for nine new DDG 51 destroyers, scoring a $3.33 billion deal for five ships. The Defense Department and the Navy announced the 10-year contract with Huntington Ingalls, and a separate $2.84 billion deal with General Dynamics for four new warships, after the close of business on June 03, 2013. General Dynamics also got an option for an additional ship, which would bring the value of the company's contract to $3.53 billion, if exercised, the Defense Department said. 

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