PHOTO RELEASE--Huntington Ingalls Industries Announces Plan To Reactivate East Bank Facilities At Ingalls Shipbuilding
April 12 2018 - 3:00PM
Huntington Ingalls Industries (NYSE:HII) announced today that its
Ingalls Shipbuilding division plans to reactivate its shipbuilding
facilities on the east bank of the Pascagoula River.
The site of the original Ingalls Shipbuilding Corp., founded in
1938, was decimated by Hurricane Katrina in 2005. The reactivation
will restore the facility’s ability to support Ingalls’ current
ship construction and modernization programs as well as help the
company better prepare for future work, including next-generation
amphibious assault ships and surface combatants.
“We are excited to be bringing the east bank back to life,”
Ingalls Shipbuilding President Brian Cuccias said. “As we prepare
to celebrate our 80th anniversary, what better way to do that than
to announce that the original Ingalls facility will become a
productive, vibrant part of the Pascagoula landscape once
again!”
A photo accompanying this release is available at:
http://newsroom.huntingtoningalls.com/file?fid=5acf95a02cfac23e1f06bb2a.
Work will begin immediately on the project, which is expected to
require approximately two years to complete.
The primary component of the project includes the addition of
large, covered construction areas for construction of ship
assemblies and components as well as the restoration of an
outfitting pier.
“We are using proven concepts from our west bank modernization
as a guide for our east bank reactivation,” said George Jones,
Ingalls’ vice president for operations. “Our employees are the best
sources for innovative ideas. With their help, we have improved
safety, efficiency and working conditions. We have some of the best
shipbuilders in the country, and they deserve the best shipyard in
which to work. From more covered work areas and better
environmental controls, to state-of-the-art tools and technology,
Ingalls is leading the way in modern military ship design and
construction.”
The east bank reactivation project is the newest element of the
company’s modernization efforts to remain a vital element of the
nation’s shipbuilding industrial base.
“We are fortunate to operate in an area that supports
shipbuilding and our military at the city, county and state
levels,” Cuccias said. “Together with the State of Mississippi, we
are investing hundreds of millions of dollars to provide our
shipbuilders the best tools and equipment and the safest, most
efficient work environment possible in which to do the great work
they do every single day. Our local leaders support shipbuilding
with workforce training programs, economic development incentive
policies and by providing good communities in which our employees
are able to raise their families—in many cases the follow-on
generations of shipbuilders at Ingalls. So when we determined we
need additional facilities for our operations, it made perfect
sense to do this expansion here in our hometown.”
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:
Bill Glennwilliam.glenn@hii-co.com228-935-1323
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