NEWPORT NEWS, Va., Sept. 15, 2014 (GLOBE NEWSWIRE) — Huntington Ingalls Industries’ (NYSE:HII) UniversalPegasus International (UPI) subsidiary recently was awarded the TransCanada Vice President’s Silver Award for Excellence in Safety Performance, the highest tier award received by a contractor on TransCanada’s Gulf Coast Project.

TransCanada awarded UPI this honor due to its project performance and the proactive implementation of a driver awareness program as part of UPI’s safety campaign. UPI employees had to drive several million miles through rugged terrain over the course of the Gulf Coast Project, making safe driving a priority.

“The level of effort and continual commitment demonstrated by our field crews was the primary reason UPI earned this recognition from our client,” said Tom Davison, UPI’s senior vice president, operations. “Meeting or exceeding our client expectations was a collaborative effort by all stakeholders, and achieving this milestone will allow us to carry forward these best management practices for safety to other projects.”

The Gulf Coast Project is a 485-mile, 36-inch crude oil pipeline beginning in Cushing, Okla., and extending south to Nederland, Texas, to serve the Gulf Coast marketplace. UPI has safely provided preliminary and as-built survey, GIS, mapping, construction management, inspection, detailed design and procurement services for the project. UPI also provided the same services for the original Keystone Project that completed the first two phases in 2010 and 2012.

UPI has provided a broad range of engineering and project management services to the energy industry for over 50 years. Whether onshore or offshore, from the wellhead to processing facilities to delivery points, UPI delivers the project management, engineering, design, survey, inspection and construction management personnel to move energy safely, reliably and efficiently to domestic and international marketplaces.

About Huntington Ingalls

Huntington Ingalls Industries designs, builds and manages the life-cycle of the most complex nuclear and conventionally-powered ships for the U.S. Navy and Coast Guard.  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 also provides engineering and project management services expertise to the commercial energy industry, the Department of Energy and other government customers. Headquartered in Newport News, Virginia, HII employs more than 39,000 people operating both domestically and internationally. For more information, visit:

NEWPORT NEWS, Va., June 2, 2014 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that it has acquired UniversalPegasus International Holdings (UPI), a leading provider of engineering and project management services to the domestic and international energy markets. The intent to acquire UPI was announced on May 16. The value of the transaction is not being disclosed.

UPI was a privately held company headquartered in Houston. It also performs work in Oklahoma, Illinois and Louisiana, as well as Canada, the United Kingdom, and Trinidad and Tobago.

UPI has provided a broad range of engineering and project management services to the energy industry for over 50 years. Whether onshore or offshore, from the wellhead to processing facilities to delivery points, UPI delivers the project management, engineering, design, survey, inspection and construction management personnel to move energy safely, reliably and efficiently to domestic and international marketplaces.

UPI will be a subsidiary of HII reporting to Chris Kastner, corporate vice president and general manager, corporate development.

About Huntington Ingalls Industries

Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder at its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Employing more than 38,000 in Virginia, Mississippi, Louisiana and California, HII also provides a wide variety of products and services to the commercial energy industry and other government customers, including the Department of Energy. For more information, visit:

NEWPORT NEWS, Va., May 16, 2014 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that it has entered into an agreement to acquire UniversalPegasus International Holdings (UPI), a leading provider of engineering and project management services to the domestic and international energy markets. The transaction is subject to Hart-Scott-Rodino review and customary closing conditions and is expected to close in June. The value of the transaction is not being disclosed. UPI is a privately held company headquartered in Houston, Texas.

UPI has approximately 1,500 employees and has provided a broad range of engineering and project management services to the energy industry for over 50 years. They safely and reliably deliver project management, engineering, design, survey, inspection and construction management to customers in the domestic and international marketplaces.

“We are very excited about bringing UPI into the Huntington Ingalls family,” said Mike Petters, HII’s president and CEO. “The management team at UPI has tremendous experience in the energy infrastructure market as well as strong relationships with customers. We view this acquisition as an opportunity to create further value for our stakeholders while entering the growing oil and gas market with a reputable and established company.”

After the acquisition closes, UPI will report to Chris Kastner, corporate vice president and general manager, corporate development.

UPI President and CEO Philip Luna added, “We look forward to becoming part of the HII team and the growth opportunities this will provide our customers and employees.”

Huntington Ingalls Industries designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder at its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Employing more than 38,000 in Virginia, Mississippi, Louisiana and California, HII also provides a wide variety of products and services to the commercial energy industry and other government customers, including the Department of Energy. For more information about HII, visit:

For more information about UPI, visit:

UPI on the web: www.universalpegasus.com

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: failure to close the acquisition of UPI; our ability to create stakeholder value upon the acquisition of UPI; 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 obligations to update any forward-looking statements.

NEWPORT NEWS, Va., April 11, 2014 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today it will conduct a study with Kinder Morgan Energy Partners, L.P. (NYSE:KMP) to explore redeveloping Huntington Ingalls Industries’ Avondale shipyard in Louisiana.

Since the July 2010 announcement to close Avondale, HII has aggressively sought a strategic solution to redevelop the facility. The study will explore and evaluate best-use opportunities for the facility. Once the study is completed and a determination has been made for an economically viable, best use of the facility, HII and Kinder Morgan Energy Partners may pursue the formation of a joint venture to re-purpose the Avondale site.

Avondale’s location on the Mississippi River offers unparalleled access to major markets by truck, rail and sea, making it attractive for many uses.

Statements in this release regarding our plans and expectations 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 future developments that could impact our decisions regarding Avondale 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 obligations to update any forward-looking statements. You should not place undue reliance on any forward-looking statements that we may make.

About Huntington Ingalls Industries

Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder at its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Employing more than 38,000 in Virginia, Mississippi, Louisiana and California, HII also provides a wide variety of products and services to the commercial energy industry and other government customers, including the Department of Energy. For more information, visit:

NEWPORT NEWS, Va., Feb. 5, 2013 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that it is opening an office in Houston, Texas, for business development efforts to pursue opportunities in the energy infrastructure market for its Avondale subsidiary.

“We have a great workforce at Avondale with unique engineering and manufacturing capabilities that have been demonstrated for many decades,” said Mike Petters, HII’s president and chief executive officer. “Additionally, these skilled men and women are located in the heart of a region where there is more manufacturing demand than the current suppliers can meet, particularly in the energy markets. Coupling this talent with our world-class facilities leads us to believe we have everything in place at Avondale to excel in this market.”

Chris Kastner, HII’s corporate vice president and general manager, corporate development, who is leading this effort for Avondale, added, “We are in active discussions with respected companies in the oil and gas infrastructure market. We’ve satisfied ourselves that the engineering and construction elements of these projects are very comparable to shipbuilding, and we are working very hard, both internally and with prospective customers, evaluating and competing for new opportunities. These upcoming large projects should be made in America by American craftsmen and craftswomen.”

Avondale will transition into this market by building upon the shipyard’s 30-plus years of modular engineering and construction expertise and nearly 75 years of experience in heavy manufacturing. Located on the Mississippi River near New Orleans, the 268-acre facility has the potential to employ up to 10,000 highly skilled craft men and women.

Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder. HII also provides a wide variety of products and services to the commercial energy industry and other government customers, including the Department of Energy. Employing about 37,000 in Virginia, Mississippi, Louisiana and California, its primary business divisions are Newport News Shipbuilding and Ingalls Shipbuilding. For more information about Avondale, visit: http://www.hii-avondale.com.

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 obtain new contracts, estimate our costs and perform effectively; risks related to our spin-off from Northrop Grumman (including our increased costs and leverage); our ability to realize the expected benefits from consolidation of our Gulf Coast facilities; natural disasters; adverse economic conditions in the United States and globally; 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 obligations to update any forward-looking statements.

About Huntington Ingalls Industries

Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder at its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Employing about 37,000 in Virginia, Mississippi, Louisiana and California, HII also provides a wide variety of products and services to the commercial energy industry and other government customers. For more information, visit:

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