Photo Release -- Newport News Shipbuilding Awarded $407 Million Extension to Construction Preparation Contract for Aircraft

Photo Release -- Newport News Shipbuilding Awarded $407 Million Extension to
Construction Preparation Contract for Aircraft Carrier John F. Kennedy (CVN
79)

NEWPORT NEWS, Va., March 22, 2013 (GLOBE NEWSWIRE) -- Huntington Ingalls
Industries (NYSE:HII) announced today that its Newport News Shipbuilding (NNS)
division has received a $407 million contract extension to a previously
awarded John F. Kennedy (CVN 79) construction preparation contract. The award
extends the period of performance, adds additional efforts for engineering,
planning and material procurement through Oct. 31, and authorizes additional
manufacturing efforts.

John F. Kennedy aircraft carrier
 A photo illustration of the aircraft
 carrier John F. Kennedy (CVN 79). NNS
 is performing work on the ship under a
 construction preparation contract that
 allows for engineering, planning,
 long-lead time material procurement and
 initial manufacturing to begin before
 the full construction contract is
 awarded.

A photo accompanying this release is available at
http://media.globenewswire.com/hii/mediagallery.html?pkgid=17756

NNS is performing work on CVN 79 under a construction preparation contract
that allows for engineering, planning, long-lead time material procurement and
initial manufacturing to begin before the full construction contract is
awarded. The full contract is scheduled to be awarded later this year.

"This is a critical phase of construction on John F. Kennedy as key material
procurement and production activities are taking place every day," said Mike
Shawcross, NNS vice president, CVN 79 construction. "It is very important to
get a good start on a ship of this magnitude and complexity, and this contract
extension allows for those activities to continue and keep the ship on a path
for success in meeting our customer's goals."

John F. Kennedy (CVN 79) will continue the Ford-class legacy of highly capable
U.S. Navy nuclear-powered aircraft carrier ship platforms. Ford-class
enhancements incorporated into the design include flight deck changes,
improved weapons handling systems and a redesigned island, all resulting in
increased aircraft sortie generation rates. It will also include new nuclear
power plants, increased electrical power generation capacity, allowance for
future technologies and reduced workload for the sailors, translating to a
smaller crew size and reduced operating costs for the Navy.

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 at
its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Employing
about 37,000 in Virginia, Mississippi, Louisiana and California, HII also
provides a wide variety of products and services to the commercial energy
industry and other government customers, including the Department of Energy.
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: Christie Miller
         Christine.Miller@HII-co.com
         (757) 380-3581

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