Huntington Ingalls Industries’ Technical Solutions Division Exercises Options On Naval Modernization Contract
March 16 2017 - 4:10PM
Huntington Ingalls Industries (NYSE:HII) announced today that its
Technical Solutions division recently received a modification to a
previously awarded contract to provide maintenance, modernization
and Chief of Naval Operations availabilities on amphibious-class
ships (LSD, LPD, LHD) homeported in San Diego.
The original contract was awarded to HII’s Continental Maritime
of San Diego subsidiary. Continental Maritime was consolidated
under Technical Solutions in December 2016 when HII acquired Camber
Corp., a government services company headquartered in Huntsville,
Alabama. Work will be performed by Technical Solutions’ Fleet
Support Group and, if all options are exercised, the work is
expected to be completed by March 2018.
“As a certified Master Ship Repair Contractor, we look forward
to this opportunity to serve the U.S. Navy’s vision to modernize
their fleet,” said Dan Flood, Continental Maritime’s vice president
and general manager. “This award allows our workers to continue
showcasing our superior mechanical and electrical repair
capabilities overhauling the world’s finest amphibious
vessels.”
HII Technical Solutions is a professional services business
providing solutions to a wide variety of government and commercial
customers worldwide. The division provides agile software
development and network engineering, training systems, logistics
support, information technology, fleet maintenance and
modernization, unmanned undersea systems, nuclear engineering and
fabrication, and oil and gas engineering.
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:
- HII on the web: www.huntingtoningalls.com
- HII on Facebook:
www.facebook.com/HuntingtonIngallsIndustries
- HII on Twitter: twitter.com/hiindustries
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.
Contact:
Beci Brenton
beci.brenton@hii-co.com
202-264-7143
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