HUNTINGTON INGALLS INDUSTRIES WINS LCS PLANNING YARD CONTRACT WORTH A POTENTIAL $931.7 MILLION

PASCAGOULA, Miss., May 01, 2019 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE: HII) announced today that its Ingalls Shipbuilding division has been awarded a cost-plus-award-fee contract with a potential total value of $931.7 million for planning yard services in support of in-service littoral combat ships (LCS). The contract, which includes options over a six-year period, also provides work packages for HII’s Technical Solutions division.

“Ingalls Shipbuilding will build on 35 years of planning yard experience to join our Technical Solutions division in fully supporting this life-cycle work on the LCS program,” said Ingalls Shipbuilding President Brian Cuccias. “Our talented shipbuilding team has the resources and program management experience necessary to ensure the post-delivery work on the LCS program meets the requirements and missions of our U.S. Navy customers.”

The planning yard design services contract will provide the LCS program with post-delivery life-cycle support, which includes fleet modernization program planning, design engineering and modeling, logistics support, long-lead-time material support, and preventative and planned maintenance system item development and scheduling. Unique to this planning yard effort is the requirement to manage the scheduling of all planned, continuous and emergent maintenance and associated availabilities.

Aerial view of HII’s Ingalls Shipbuilding division in Pascagoula, Mississippi, taken in June 2017. Ingalls is the only U.S. shipyard currently building four classes of military ships: amphibious assault ships (LHAs), amphibious transport docks (LPDs), guided missile destroyers (DDGs) and National Security Cutters (NSCs). Photo by Lance Davis/HII

The majority of the work will be accomplished in Pascagoula and Hampton, Virginia, by designers, engineers, logisticians, planners, program managers and a variety of additional subject matter experts. Ingalls and Technical Solutions will also provide waterfront support in the LCS homeports.