Ingalls Gets $4 Billion Contract Through Swap Agreement - WLOX.com - The News for South Mississippi

Ingalls Gets $4 Billion Contract Through Swap Agreement

A swap agreement between Ingalls and one of its competitors has resulted in $4 billion contract for the Pascagoula shipyard.

Under the agreement approved by the Navy, Ingalls picks up the construction of four amphibious assault ships over the next several years. Bath Iron Works in Maine previously held that contract.

In return, Ingalls is giving to Bath the contract to build one Aegis Destroyer already awarded, and three future ships. That contract was worth about $2.3 billion.

The new Ingalls deal is worth about twice as much.

  • NEWSMore>>

  • WLOX Investigation: Retired Gulfport Firefighter raises concerns over morale in the Department

    WLOX Investigation: Retired Gulfport Firefighter raises concerns over morale in the Department

    Thursday, June 21 2018 10:47 PM EDT2018-06-22 02:47:02 GMT
    That incident led to a police report, a city investigation and a lot of rumors about the inner workings of the Gulfport Fire Department. (Photo source: WLOX)That incident led to a police report, a city investigation and a lot of rumors about the inner workings of the Gulfport Fire Department. (Photo source: WLOX)
    That incident led to a police report, a city investigation and a lot of rumors about the inner workings of the Gulfport Fire Department. (Photo source: WLOX)That incident led to a police report, a city investigation and a lot of rumors about the inner workings of the Gulfport Fire Department. (Photo source: WLOX)

    Gulfport's Mayor and Chief Administrator say Fire Chief Michael Beyerstedt has their full confidence, and they've closed the book on an altercation two months ago between the chief and a firefighter. Now, a recently retired firefighter who says he witnessed the altercation has come forward not only to share his perspective of the incident but also on what he calls a serious need to hire more firefighters.

    More >>

    Gulfport's Mayor and Chief Administrator say Fire Chief Michael Beyerstedt has their full confidence, and they've closed the book on an altercation two months ago between the chief and a firefighter. Now, a recently retired firefighter who says he witnessed the altercation has come forward not only to share his perspective of the incident but also on what he calls a serious need to hire more firefighters.

    More >>
  • Car ends up in ditch after short chase in Gulfport

    VIDEO: Car ends in ditch after short chase in Gulfport

    VIDEO: Car ends in ditch after short chase in Gulfport

    Thursday, June 21 2018 9:35 PM EDT2018-06-22 01:35:50 GMT
    A minor accident on Highway 90 suddenly became a short chase through Gulfport earlier this evening. (Photo source: WLOX)A minor accident on Highway 90 suddenly became a short chase through Gulfport earlier this evening. (Photo source: WLOX)

    A minor accident on Highway 90 suddenly became a short chase through Gulfport earlier this evening. 

    More >>

    A minor accident on Highway 90 suddenly became a short chase through Gulfport earlier this evening. 

    More >>
  • Preparations for 'Scrapin' The Coast' continue

    Preparations for 'Scrapin' The Coast' continue

    Thursday, June 21 2018 8:33 PM EDT2018-06-22 00:33:26 GMT

    Scrapin The Coast is almost here, and everyone's getting ready for a weekend full of cool cars, live events, and fun in the sun. 

    More >>

    Scrapin The Coast is almost here, and everyone's getting ready for a weekend full of cool cars, live events, and fun in the sun. 

    More >>
  • Trending StoriesTrending StoriesMore>>

  • Trump jabbed first, and now world hits back in trade fight

    Trump jabbed first, and now world hits back in trade fight

    Friday, June 22 2018 1:13 AM EDT2018-06-22 05:13:01 GMT
    Friday, June 22 2018 6:28 AM EDT2018-06-22 10:28:53 GMT
    (Chinatopix via AP). FILE - In this April 8, 2018 file photo, a container is loaded onto a cargo ship at a port in Qingdao in east China's Shandong province. China has accused the United States on Thursday, June 21, 2018, of using pressure tactics and ...(Chinatopix via AP). FILE - In this April 8, 2018 file photo, a container is loaded onto a cargo ship at a port in Qingdao in east China's Shandong province. China has accused the United States on Thursday, June 21, 2018, of using pressure tactics and ...

    Trump got in the first jabs; now the world is punching back as the trade brawl spreads.

    More >>

    Trump got in the first jabs; now the world is punching back as the trade brawl spreads.

    More >>
  • Lawyer: No apparent justification for fatal shooting of teen

    Lawyer: No apparent justification for fatal shooting of teen

    Thursday, June 21 2018 8:22 AM EDT2018-06-21 12:22:06 GMT
    Friday, June 22 2018 5:08 AM EDT2018-06-22 09:08:04 GMT
    (Steve Mellon/Pittsburgh Post-Gazette via AP). Leonard Hammonds II, of Penn Hills, right, points out that a Turtle Creek Police officer has his had on his weapon during a rally in East Pittsburgh, Pa., on Wednesday, June 20, 2018, at a protest regardin...(Steve Mellon/Pittsburgh Post-Gazette via AP). Leonard Hammonds II, of Penn Hills, right, points out that a Turtle Creek Police officer has his had on his weapon during a rally in East Pittsburgh, Pa., on Wednesday, June 20, 2018, at a protest regardin...

    Hundreds of people took to the streets to protest the fatal police shooting of a 17-year-old boy killed just seconds after he fled a traffic stop during a confrontation partly captured on video.

    More >>

    Hundreds of people took to the streets to protest the fatal police shooting of a 17-year-old boy killed just seconds after he fled a traffic stop during a confrontation partly captured on video.

    More >>
  • Study: Herpes virus may play role in Alzheimer's

    Study: Herpes virus may play role in Alzheimer's

    Friday, June 22 2018 1:54 AM EDT2018-06-22 05:54:36 GMT
    Friday, June 22 2018 2:03 AM EDT2018-06-22 06:03:23 GMT

    Two strains of the human herpes virus may contribute to Alzheimer's, a new study shows.

    More >>

    Two strains of the human herpes virus may contribute to Alzheimer's, a new study shows.

    More >>
Powered by Frankly