- Associated Press - Wednesday, March 5, 2014

NEWPORT NEWS, Va. (AP) - Newport News Shipbuilding is continuing its work on the aircraft carrier John F. Kennedy.

The division of Huntington Ingalls Industries announced this week that it has received a $1.295 billion extension to a Navy contract to continue preparations for the construction of the nuclear-powered ship.

It is the second ship in the Gerald R. Ford class, which is the Navy’s latest class of nuclear-powered aircraft carriers.

Officials say the extension enables shipbuilders to complete an additional 343 structural units and purchase the majority of the remaining material for the ship.

The shipyard has performed work on the John F. Kennedy since 2009. The first cut of steel was commemorated in 2011.

This will be the second aircraft carrier named after Kennedy. The USS John F. Kennedy was decommissioned in 2007.

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