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Huntington Ingalls Industries Opens Houston Office to Pursue Energy Business for Avondale Subsidiary

Huntington Ingalls Industries Opens Houston Office to Pursue Energy Business
for Avondale Subsidiary

NEWPORT NEWS, Va., Feb. 5, 2013 (GLOBE NEWSWIRE) -- Huntington Ingalls
Industries (NYSE:HII) announced today that it is opening an office in Houston,
Texas, for business development efforts to pursue opportunities in the energy
infrastructure market for its Avondale subsidiary.

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Avondale logo

"We have a great workforce at Avondale with unique engineering and
manufacturing capabilities that have been demonstrated for many decades," said
Mike Petters, HII's president and chief executive officer. "Additionally,
these skilled men and women are located in the heart of a region where there
is more manufacturing demand than the current suppliers can meet, particularly
in the energy markets. Coupling this talent with our world-class facilities
leads us to believe we have everything in place at Avondale to excel in this
market."

Chris Kastner, HII's corporate vice president and general manager, corporate
development, who is leading this effort for Avondale, added, "We are in active
discussions with respected companies in the oil and gas infrastructure market.
We've satisfied ourselves that the engineering and construction elements of
these projects are very comparable to shipbuilding, and we are working very
hard, both internally and with prospective customers, evaluating and competing
for new opportunities. These upcoming large projects should be made in America
by American craftsmen and craftswomen."

Avondale will transition into this market by building upon the shipyard's
30-plus years of modular engineering and construction expertise and nearly 75
years of experience in heavy manufacturing. Located on the Mississippi River
near New Orleans, the 268-acre facility has the potential to employ up to
10,000 highly skilled craft men and women.

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.
HII also provides a wide variety of products and services to the commercial
energy industry and other government customers, including the Department of
Energy. Employing about 37,000 in Virginia, Mississippi, Louisiana and
California, its primary business divisions are Newport News Shipbuilding and
Ingalls Shipbuilding. For more information about Avondale, visit:
http://www.hii-avondale.com. For more information about HII, 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

The Avondale logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=16997

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
statements.

CONTACT: Beci Brenton
         Beci.Brenton@hii-co.com
         202-264-7143

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