Huntington Ingalls Industries’ Technical Solutions Division Exercises Options On Naval Modernization Contract

NEWPORT NEWS, Va., March 16, 2017 -- Huntington Ingalls Industries (NYSE:HII) announced today that its Technical Solutions division recently received a modification to a previously awarded contract to provide maintenance, modernization and Chief of Naval Operations availabilities on amphibious-class ships (LSD, LPD, LHD) homeported in San Diego.

The original contract was awarded to HII’s Continental Maritime of San Diego subsidiary. Continental Maritime was consolidated under Technical Solutions in December 2016 when HII acquired Camber Corp., a government services company headquartered in Huntsville, Alabama. Work will be performed by Technical Solutions’ Fleet Support Group and, if all options are exercised, the work is expected to be completed by March 2018.

“As a certified Master Ship Repair Contractor, we look forward to this opportunity to serve the U.S. Navy’s vision to modernize their fleet,” said Dan Flood, Continental Maritime’s vice president and general manager. “This award allows our workers to continue showcasing our superior mechanical and electrical repair capabilities overhauling the world’s finest amphibious vessels.”

HII Technical Solutions is a professional services business providing solutions to a wide variety of government and commercial customers worldwide. The division provides agile software development and network engineering, training systems, logistics support, information technology, fleet maintenance and modernization, unmanned undersea systems, nuclear engineering and fabrication, and oil and gas engineering.

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division provides a wide range of professional services through its Fleet Support, Integrated Missions Solutions, Nuclear & Environmental, and Oil & Gas groups. Headquartered in Newport News, Virginia, HII employs nearly 37,000 people operating both domestically and internationally. For more information, visit:

• HII on the web: www.huntingtoningalls.com
• HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries
• HII on Twitter: twitter.com/hiindustries

Statements in this release, other than statements of historical fact, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those expressed in these statements. Factors that may cause such differences include: changes in government and customer priorities and requirements (including government budgetary constraints, shifts in defense spending, and changes in customer short-range and long-range plans); our ability to estimate our future contract costs and perform our contracts effectively; changes in procurement processes and government regulations and our ability to comply with such requirements; our ability to deliver our products and services at an affordable life cycle cost and compete within our markets; natural and environmental disasters and political instability; adverse economic conditions in the United States and globally; changes in key estimates and assumptions regarding our pension and retiree health care costs; security threats, including cyber security threats, and related disruptions; and other risk factors discussed in our filings with the U.S. Securities and Exchange Commission. There may be other risks and uncertainties that we are unable to predict at this time or that we currently do not expect to have a material adverse effect on our business, and we undertake no obligation to update any forward-looking statements. You should not place undue reliance on any forward-looking statements that we may make.

Contact: 

Beci Brenton
[email protected]
202-264-7143