Huntington Ingalls Industries' AMSEC Subsidiary Wins U.S. Navy Production,
Installation and In-Service Contract
VIRGINIA BEACH, Va., Jan. 3, 2013 (GLOBE NEWSWIRE) -- Huntington Ingalls
Industries (NYSE:HII) announced today that its AMSEC LLC subsidiary has been
awarded a contract by the U.S. Navy's Space and Naval Warfare Systems Command
(SPAWAR). The contract is in support of design, acquisition, production,
integration, testing, installation and configuration management of certified
C5ISR capabilities (command, control, communications, computers, combat
systems, intelligence, surveillance and reconnaissance), with a specific focus
on submarine and surface ship new construction.
AMSEC was one of several contractors awarded an
indefinite-delivery/indefinite-quantity contract that contains a one-year base
period with four one-year option periods which, if exercised, would bring the
cumulative ceiling value for all awardees to approximately $900 million.
"This competitive award solidifies AMSEC's position as an industry leader in
C5ISR services and enables AMSEC to provide support to SPAWAR's critical
mission," said Harris Leonard, HII vice president and president of AMSEC
operations. "We have an exceptional team ready to support the Navy and
continue our record of innovation and superior performance."
The work will be performed worldwide and is expected to be completed by
December 2017 if all options are exercised. The Space and Naval Warfare
Systems Center Atlantic in Charleston, S.C., is the contracting activity.
AMSEC LLC is a subsidiary of Huntington Ingalls Industries. With approximately
2,000 employees in 27 locations nationwide and overseas, AMSEC is a
full-service supplier to the Navy and commercial maritime industry, providing
naval architecture and marine engineering, naval ship systems assessments,
maintenance engineering, waterfront maintenance support, acquisition program
support, shipyard industrial engineering and C4I installation and support
services. AMSEC also provides life-cycle integrated logistics services,
including technical manual development, provisioning documentation, spare
parts management, training development and delivery, and software development.
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
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 obtain new contracts, estimate our costs and perform effectively;
risks related to our spin-off from Northrop Grumman (including our increased
costs and leverage); our ability to realize the expected benefits from
consolidation of our Gulf Coast facilities; natural disasters; adverse
economic conditions in the United States and globally; 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 obligations to update any forward-looking
CONTACT: Leslie Gallop
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