NEWPORT NEWS, Va., Oct. 17, 2017 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division has received a $59.7 million contract from the U.S. Navy for planning and executing the overhaul of the submarine USS Boise (SSN 764). The contract includes options that, if exercised, would bring the total value of the contract to $385 million.

The contract is for work to be completed by 2021 at Newport News and will include planning for the maintenance, repair, alterations, testing and routine work during the submarine’s scheduled FY18 engineered overhaul.

“We are proud to do our part in helping reduce the Navy’s submarine fleet maintenance backlog, which enables them to increase the total number of attack submarines operationally ready for deployment,” said Matt Needy, Newport News’ vice president, Virginia-class submarine program and fleet services. “Our shipbuilders understand how important it is to the Navy and to our nation that these submarines are returned back into service on schedule and on budget.”

USS Boise (SSN 764) is a Los-Angeles class submarine and the second Navy boat to be named for Idaho’s capital. Newport News laid USS Boise’s keel in August 1988, and the submarine was delivered to the Navy in September 1992.

Boise Ssn764 Hero
Newport News Shipbuilding has received a $59.7 million contract from the U.S. Navy for planning and executing the overhaul of the submarine USS Boise (SSN 764), shown here in Souda Bay, Greece, in 2013. U.S. Navy photo

About Huntington Ingalls Industries

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:

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.

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NEWPORT NEWS, Va., July 03, 2017 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division has been awarded a $219 million modification to a previously awarded contract to execute maintenance and modernization efforts on the submarine USS Columbus (SSN 762).

Contract work includes maintenance, repair, alterations, testing and routine work on the ship’s hull structure, tanks, propulsion systems, electric plant, auxiliary systems, armament and furnishings. Work will begin immediately and is expected to be completed in August 2019.

“This contract modification provides us the opportunity to work our first Los Angeles-class engineered overhaul availability at Newport News Shipbuilding,” said Matt Needy, Newport News’ vice president for submarines and fleet support. “We are excited about the opportunity to work closely with the Navy and the crew of the USS Columbus to complete this important availability and re-deliver her to the fleet on time.”  

Columbus Yokosuka Hero

HII’s Newport News Shipbuilding division has been awarded a $219 million modification to a previously awarded contract to execute maintenance and modernization efforts on the submarine USS Columbus (SSN 762), shown here in Yokosuka, Japan. U.S. Navy photo

Newport News is one of only two U.S. shipyards capable of building nuclear-powered submarines and has completed hundreds of ship repair projects for the U.S. government, ranging from paint repair to complete hull and machinery renovation.

About Huntington Ingalls Industries

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:

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 future contract costs and perform our contracts effectively; changes in government regulations and procurement processes and our ability to comply with such requirements; our ability to realize the expected benefits from consolidation of our Ingalls facilities; natural disasters; adverse economic conditions in the United States and globally; risks related to our indebtedness and leverage; 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.

MEDIA CONTACT
Danny Hernandez
Director of Public Affairs
(202) 580-9086
General Inquiries:
Sign Up For Email Alerts

NEWPORT NEWS, Va., Sept. 29, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division has been awarded a $17.7 million contract to perform planning work in support of maintenance and modernization efforts on the submarine USS Helena (SSN 725).

Planning efforts will include design studies, risk assessments, engineering, material procurement and pre-fabrication, logistics, ship checks and planning documentation. Work will begin immediately and is expected to be completed in October 2017.

“Our shipbuilders are committed to providing quality engineering and planning services to our Navy customer,” said Matt Needy, Newport News’ vice president, submarines and fleet support. “We recognize the importance of returning these submarines to the fleet with increased capability, and we are committed to do so on budget and on schedule.”

Newport News is one of only two U.S. shipyards capable of building nuclear-powered submarines and has a long history of performing ship repair projects for the U.S. government, ranging from paint repair to complete hull and machinery renovation.

Helena Ssn725 Hero

HII's Newport News Shipbuilding division has been awarded a $17.7 million contract to perform planning work in support of maintenance and modernization efforts on the submarine USS Helena (SSN 725), shown here transiting the Atlantic Ocean in March. Navy photo

About Huntington Ingalls Industries

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of engineering, manufacturing and management services to the nuclear energy, oil and gas markets. 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. Headquartered in Newport News, Virginia, HII employs nearly 35,000 people operating both domestically and internationally. For more information, visit:

MEDIA CONTACT
Danny Hernandez
Director of Public Affairs
(202) 580-9086
General Inquiries:
Sign Up For Email Alerts

NEWPORT NEWS, Va., Sept. 29, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division was awarded a multiple-award indefinite delivery, indefinite quantity contract to assist with repairs on in-service, nuclear-powered submarines, special mission submersibles, moored training ships and submarine support facilities.

A multiple-award indefinite delivery, indefinite quantity contract is a base contract that is issued to multiple awardees. The contract establishes the scope of services or goods that can be ordered against it, the order requirements and the maximum cost allowance during the life of the contract. This contract has a cumulative ceiling value of $400 million and is valid through Sept. 30, 2021. The contract includes overhaul, maintenance, repair, modernization upgrades, technical engineering support, supplies and services, and nuclear-related support.

“We are proud to continue our support of the U.S. Navy by providing them with a submarine fleet that is second to none,” said Matt Needy, Newport News’ vice president, submarines and fleet support, “and we appreciate the Navy’s confidence in Newport News Shipbuilding providing them with reliable submarine modernization in a timely and cost-effective manner.”

Newport News is one of only two U.S. shipyards capable of building nuclear-powered submarines and has a long history of performing ship repair projects for the U.S. government, ranging from paint repair to complete hull and machinery renovation.

About Huntington Ingalls Industries

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of engineering, manufacturing and management services to the nuclear energy, oil and gas markets. 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. Headquartered in Newport News, Virginia, HII employs nearly 35,000 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 obtain new contracts, estimate our future contract costs and perform our contracts effectively; changes in government regulations and procurement processes and our ability to comply with such requirements; our ability to realize the expected benefits from consolidation of our Ingalls facilities; natural disasters; adverse economic conditions in the United States and globally; risks related to our indebtedness and leverage; 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.

MEDIA CONTACT
Danny Hernandez
Director of Public Affairs
(202) 580-9086
General Inquiries:
Sign Up For Email Alerts

NEWPORT NEWS, Va., Aug. 18, 2015 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division has been awarded a $57.8 million contract to perform planning in support of maintenance and modernization efforts on the submarine USS Columbus (SSN 762). If all contract options are exercised, the total value of the work would be $288 million.


Contract work will include maintenance and restoration of the ship’s hull structure, tanks, propulsion systems, electric plant, auxiliary systems, armament and furnishings, as well as numerous ship alterations. Work will begin immediately and is expected to be completed in May 2019.

“Modernization and maintenance of our nation’s submarines is vital to the readiness of our Navy partner,” said Jim Hughes, Newport News Shipbuilding’s vice president, submarines and fleet support. “We look forward to doing our part to provide these services with the highest quality, on budget and on schedule.”

Newport News is one of only two U.S. shipyards capable of building nuclear-powered submarines and has completed hundreds of ship repair projects for the U.S. government, ranging from paint repair to complete hull and machinery renovation.

Columbus Busan Mar2014 Hero

The submarine USS Columbus (SSN 762), seen here in the Republic of Korea in 2014, will undergo maintenance and modernization at HII’s Newport News Shipbuilding division. Work is expected to be completed in May 2019. U.S. Navy photo

About Huntington Ingalls Industries

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of engineering, manufacturing and management services to the nuclear energy, oil and gas markets. 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. Headquartered in Newport News, Virginia, HII employs approximately 38,000 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 obtain new contracts, estimate our future contract costs and perform our contracts effectively; changes in government regulations and procurement processes and our ability to comply with such requirements; our ability to realize the expected benefits from consolidation of our Ingalls facilities; natural disasters; adverse economic conditions in the United States and globally; risks related to our indebtedness and leverage; 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.

NEWPORT NEWS, Va., July 17, 2015 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division was awarded a $106 million contract to provide engineering and industrial support on U.S. Navy submarines, special mission submersibles, submarine support facilities and related programs. If all options are exercised, the total value of the contract will be $564 million.

Work will include engineering, design, configuration management, integrated logistic support, database management, research and development, modernization and industrial support. Work will begin immediately and is expected to continue through September 2019.

“Receiving this contract allows Newport News Shipbuilding to continue decades of delivering the best engineering, design and logistics support for U.S. Navy submarines,” said Jennifer Boykin, Newport News’ vice president, engineering and design. “We look forward to providing continued support to the operational readiness of our nation’s submarine force.”

Newport News is one of only two U.S. shipyards capable of building nuclear-powered submarines and has completed hundreds of ship repair projects for the U.S. government, ranging from paint repair to complete hull and machinery renovation.

About Huntington Ingalls Industries

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of engineering, manufacturing and management services to the nuclear energy, oil and gas markets. 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. Headquartered in Newport News, Virginia, HII employs approximately 38,000 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 obtain new contracts, estimate our future contract costs and perform our contracts effectively; changes in government regulations and procurement processes and our ability to comply with such requirements; our ability to realize the expected benefits from consolidation of our Ingalls facilities; natural disasters; adverse economic conditions in the United States and globally; risks related to our indebtedness and leverage; 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.

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