PHOTO RELEASE--Huntington Ingalls Industries Awarded Contract for USS Boise (SSN 764) Overhaul
October 17 2017 - 4:53PM
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.
A photo accompanying this release is available at:
https://newsroom.huntingtoningalls.com/file?fid=59e64f362cfac216934054d3.
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: Christie MillerChristine.Miller@hii-co.com (757)
380-5381
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