Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division has completed the inactivation of the aircraft carrier Enterprise (CVN 65).

As part of the complex process that began in 2013, more than 1,000 shipbuilders defueled Enterprise’s eight nuclear reactors, inactivated its propulsion systems and prepared its hull for final tow. Newport News Shipbuilding completed the inactivation base work in December 2017, and the government contracting office review and certification of the paperwork has just been completed. The ship will remain at Newport News to complete post-inactivation work to prepare the ship for storage in the Hampton Roads area until a disposal plan is determined by the U.S. Navy.

“This is bittersweet moment for us,” said Chris Miner, Newport News’ vice president of in-service aircraft carrier programs. “Enterprise has meant so much to Newport News Shipbuilding and the men and women who helped cement her place in history. With all of the lessons we learned from inactivating the first nuclear-powered aircraft carrier in our company’s 130-year history, we look forward to bringing that knowledge to the inactivation of the Nimitz class of aircraft carriers, beginning with CVN 68 in 2025.”

Built by Newport News shipbuilders and christened in September 1960, Enterprise provided a record 51 consecutive years of service to the Navy. The only one of its class, the aircraft carrier aided in the Cuban Missile Crisis and operations Enduring Freedom and New Dawn, as well as naval maritime security operations.

The ship was decommissioned on Feb. 3, 2017.

Newport News Shipbuilding currently is performing advance construction on the aircraft carrier Enterprise (CVN 80), the ninth U.S. Navy ship to bear the legendary name. Award of the CVN 80 detail design and construction contract is anticipated in 2018.

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 38,000 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:Duane BourneDuane.A.Bourne@HII-co.com(757) 380-3581

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