May 28, 2015
PASCAGOULA, Miss., May 28, 2015 (GLOBE NEWSWIRE) -- Gov. Phil Bryant visited Huntington Ingalls Industries' (NYSE:HII) Ingalls Shipbuilding division today to participate in a ceremonial signing of a $20 million bond bill supporting Ingalls' "Shipyard of the Future" project.
The investment will go toward current building improvements, new covered facilities providing better work areas for shipbuilders, and enabling more work to be accomplished out of the weather. The infrastructure improvements also include a new dry dock that will allow Ingalls to translate and launch ships from various locations in the shipyard.
"The state of Mississippi is proud to support Ingalls Shipbuilding and an industry that employs thousands of Mississippians and helps defend our nation," Bryant said. "Ingalls employees from the Gulf Coast and across the state are the best shipbuilders in the world, and Mississippi is proud of the work they do. The effects of this bill will last well into the future, where ships built because of the actions taken today will protect and serve America and the world tomorrow."
HII will match the state's investment on a 2:1 scale.
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong.
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