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HUNTINGTON INGALLS INDUSTRIES ANNOUNCES FIRST INTERNATIONAL ORDER FOR REMUS 300 UUVS

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NEWPORT NEWS, Va., (June 21, 2021) — Huntington Ingalls Industries (NYSE: HII) announced today that the Royal New Zealand Navy has placed the first international order for four REMUS 300 unmanned underwater vehicles (UUVs).

“We are pleased New Zealand is upgrading their fleet with new REMUS 300 UUVs,” said Duane Fotheringham, president of the Unmanned Systems business group in HII’s Technical Solutions division. “Technology has progressed significantly over the past few years, and the REMUS 300 represents one of the most advanced man-portable UUVs on the market today. We look forward to continuing our long-standing relationship with the Royal New Zealand Navy.”

New Zealand has a fleet of six REMUS 100 UUVs that are used for mine countermeasures and underwater survey operations. The Royal New Zealand Navy has also used its REMUS vehicles for search and recovery, including locating the wreck of the Princess Ashika ferry in 2009 and assisting with the White Island volcano search effort in 2019.

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Four of Huntington Ingalls Industries’ REMUS 300 unmanned underwater vehicles have been ordered by the Royal New Zealand Navy for use in mine countermeasure and survey operations.

Ingalls has delivered 32 destroyers to the Navy and currently has four more under construction including Lenah Sutcliffe Higbee (DDG 123), Jack H. Lucas (DDG 125), Ted Stevens (DDG 128) and Jeremiah Denton (DDG 129).

Arleigh Burke-class destroyers are highly capable, multi-mission ships and can conduct a variety of operations, from peacetime presence and crisis management, to sea control and power projection — all in support of the United States military strategy. The guided missile destroyers are capable of simultaneously fighting air, surface and subsurface battles. The ship contains a myriad of offensive and defensive weapons designed to support maritime defense well into the 21st century.

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 supports national security missions around the globe with unmanned systems, defense and federal solutions, and nuclear and environmental services. Headquartered in Newport News, Virginia, HII employs about 44,000 people operating both domestically and internationally. For more information, visit:

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; our ability to execute our strategic plan, including with respect to share repurchases, dividends, capital expenditures and strategic acquisitions; adverse economic conditions in the United States and globally; health epidemics, pandemics and similar outbreaks, including the COVID-19 pandemic; 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. This release also contains non-GAAP financial measures and includes a GAAP reconciliation of these financial measures. Non-GAAP financial measures should not be construed as being more important than comparable GAAP measures.

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REMUS 300

Four of Huntington Ingalls Industries’ REMUS 300 unmanned underwater vehicles have been ordered by the Royal New Zealand Navy for use in mine countermeasure and survey operations.

Apr 04, 2022

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