Breaking

U.S. Natural Gas Futures Drop Below $3 for First Time Since 2012
Tweet TWEET

Photo Release -- Newport News Shipbuilding and General Dynamics Electric Boat Exchange Submarine Modules

Photo Release -- Newport News Shipbuilding and General Dynamics Electric Boat
Exchange Submarine Modules

NEWPORT NEWS, Va., Sept. 20, 2012 (GLOBE NEWSWIRE) -- Huntington Ingalls
Industries' (NYSE:HII) Newport News Shipbuilding (NNS) division shipped two
Virginia-class submarine modules to program partner General Dynamics Electric
Boat on Sept. 19 — a first for the program and part of the plan to increase
shipment capacity in support of the U.S. Navy's two-submarines-per-year build
rate.

VCS Sea Shuttles
 Two Virginia-class submarine modules
 were moved simultaneously for the first
 time Wednesday between Newport News
 Shipbuilding and General Dynamics
 Electric Boat's facilities in
 southern New England. The increased
 shipment capacity is in support of the
 U.S. Navy's two-submarines-per-year
 build rate.

A photo accompanying this release is available at
http://media.globenewswire.com/hii/mediagallery.html?pkgid=14796

The module that comprises the torpedo room for North Dakota (SSN 784) was
loaded onto the sea shuttle, which is used for the two-plus-day voyage to
Electric Boat's main shipyard in Groton, Conn. Right behind it was the module
containing the auxiliary machine room (AMR) for John Warner (SSN 785), which
is headed to Electric Boat's fabrication plant in Quonset Point, R.I. The AMR,
which departed on a commercial barge, comprises machinery such as a back-up
diesel generator, pumps, motors and other electrical equipment.

This use of the commercial barge also represented the first time two major
modules were being moved simultaneously between Virginia and southern New
England.

"These shipments represent the 99^th and 100^th barge shipments between
Electric Boat and Newport News Shipbuilding," said Jim Hughes, NNS' vice
president, Submarines and Fleet Support. "It's satisfying to see these units
being exchanged at such a remarkable pace, and we look forward to turning the
final products over to the U.S. Navy."

In addition to these 100 shipments, General Dynamics Electric Boat has made
about 900 shipments between its Groton and Quonset Point facilities using its
sea shuttle barge, said Kurt A. Hesch, Electric Boat's vice president for the
Virginia program.

"Barge shipments help make modular construction possible," Hesch said.
"Without this, heavy lift capability shipments would have to be much smaller,
much more assembly would have to be done at the delivery yard, and there would
be a corresponding loss of efficiency."

HII is teamed with Electric Boat, a business unit of General Dynamics
(NYSE:GD), to build Virginia-class submarines. Using millions of parts from
more than 4,000 suppliers in 50 states and the District of Columbia, the
submarines incorporate dozens of new technologies and innovations and are the
first major combatants designed with the post-Cold War security environment in
mind.

Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and
non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market
services for military ships around the globe. For more than a century, HII has
built more ships in more ship classes than any other U.S. naval shipbuilder.
Employing more than 37,000 in Virginia, Mississippi, Louisiana and California,
its primary business divisions are Newport News Shipbuilding and Ingalls
Shipbuilding. For more information, visit:

  *HII on the web: www.huntingtoningalls.com
  *HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries
  *HII on Twitter: twitter.com/hiindustries

The Huntington Ingalls Industries, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=9418

CONTACT: Christie Miller
         Christine.Miller@hii-co.com
         (757) 380-3581

company logo
 
Press spacebar to pause and continue. Press esc to stop.