Huntington Ingalls Industries (NYSE:HII) announced that the company's Ingalls Shipbuilding division has been awarded an advance procurement contract for work on the U.S. Navy's third Zumwalt-class destroyer, DDG 1002. The contract is valued at $46 million, with the majority of the work taking place at the company's Composite Center of Excellence in Gulfport. "Strategically, this is a very important contract to our company and specifically to the composite shipbuilders working in Gulfport," said Karrie Trauth, Ingalls Shipbuilding's DDG 1000 program manager. "The Gulfport facility is a national asset in terms of composite capability and capacity. Our shipbuilders continue to prove this on a daily basis with the significant work they are performing in composites for U.S. Navy shipbuilding programs. With this funding, we can prepare our facility and provide the necessary resources for our talented shipbuilders to continue working on these complex products."