Northrop Grumman Corp. was awarded two Navy contracts Thursday to repair shipyards damaged by Hurricane Katrina. The contracts are worth up to $98.7 million.
The first deal, worth up to $86.3 million, will provide infrastructure upgrades at the company's shipyards in Pascagoula and Gulfport, Miss.
The second, valued at $12.4 million, will provide similar upgrades at its shipyard in New Orleans.
The funds will be used to repair shipyards operated by Northrop Grumman Ship Systems Gulf Coast that were heavily damaged by the 2005 hurricane. In Pascagoula, buildings, electrical grids, construction equipment and infrastructure were destroyed, Northrop said.
The defense contractor previously estimated losses from hurricane damage at more than $1 billion, a figure that could go higher because of further production delays on defense contracts.