Huntington Ingalls Industries Subsidiary AMSEC LLC Wins Contract to Support Department of the Navy VIRGINIA BEACH, Va., Feb. 18, 2013 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its AMSEC LLC subsidiary has been awarded a contract to provide enterprise business process information systems that support the Department of the Navy. The indefinite-delivery/indefinite-quantity, firm-fixed-price contract contains a one-year base period with two one-year option periods which, if exercised, would bring the cumulative value of the contract to approximately $19.6 million. "With this contract, AMSEC will deliver trustworthy IT support services to our customer while meeting the operational requirements of the Department of the Navy," said Harris Leonard, HII vice president and president of AMSEC operations. "We look forward to expanding our presence and implementing solutions in our core competencies of information technology with our team of highly skilled specialists." AMSEC will provide on-site operational support for information technology systems in support of the Navy Marine Corps Intranet (NMCI)/functional area manager's information technology systems. The information management technology support services are for the enterprise business process information systems that support the Submarine Maintenance Engineering and Planning and Procurement Office (SUBMEPP). The work will be performed in Portsmouth, N.H. If all options are awarded, the work is expected to be completed by April 2016. The Naval Supply Systems Command (NAVSUP) Fleet Logistics Center, Norfolk, Va., is the contracting activity. "This is truly a big win for AMSEC," said Michael Bernardi, program manager within the AMSEC's logistics, engineering, technology and training solutions group. "It enables AMSEC to increase our footprint in the New England area and sets the stage for future opportunities across the Navy enterprise." AMSEC LLC is a subsidiary of Huntington Ingalls Industries. With approximately 2,000 employees in 29 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. 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 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 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: Leslie Gallop (757) 463-6666 email@example.com company logo
Huntington Ingalls Industries Subsidiary AMSEC LLC Wins Contract to Support Department of the Navy
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