Video Release -- HII Awarded RCOH Contract for Abraham Lincoln (CVN 72)

Video Release -- HII Awarded RCOH Contract for Abraham Lincoln (CVN 72)

NEWPORT NEWS, Va., March 29, 2013 (GLOBE NEWSWIRE) -- Huntington Ingalls
Industries (NYSE:HII) was awarded a $2.6 billion cost-plus-incentive-fee
contract today for the refueling and complex overhaul (RCOH) of the
nuclear-powered aircraft carrier Abraham Lincoln (CVN 72). The work will be
performed at the company's Newport News Shipbuilding (NNS) division.

The ship arrived at NNS Thursday using planning contract funding. Lincoln was
originally scheduled to arrive at NNS on Feb. 14 but was among the projects
delayed due to uncertainties surrounding the defense budget and funding of the
work. The president signed legislation Tuesday enabling the Navy and NNS to
move the Lincoln to the shipyard to begin the RCOH.

"Our focus will continue to be on the task at hand: modernizing and improving
upon Lincoln's capabilities for another 25 years of successful service," said
Chris Miner, NNS vice president, in-service aircraft carrier programs. "We
have worked closely with our Navy partners throughout the budget process and
have made good progress getting starting on the planned work during the
extended period at Naval Station Norfolk. Now that the ship is in dry dock the
shipbuilder-Navy team is eager to finish what we've started here at Newport
News Shipbuilding."

The RCOH represents 35 percent of all maintenance and modernization in an
aircraft carrier's 50-year service life. Lincoln's RCOH will include the
refueling of the ship's reactors, as well as extensive modernization work to
more than 2,300 compartments, 600 tanks and hundreds of systems. In addition,
major upgrades will be made to the flight deck, catapults, combat systems and
the island. Work is expected to begin immediately and continue through
November 2016. After RCOH, Lincoln will be one of the most modern and
technologically advanced Nimitz-class aircraft carriers in the fleet and will
continue to be a vital part of our national defense.

USS Abraham Lincoln is the fifth ship of the Nimitz class to undergo this
major life-cycle milestone, which will be the ship's one and only RCOH. More
than 3,800 NNS employees will work aboard the carrier during peak periods of
the project.

Time-lapse video of the ship's arrival is available on HII's YouTube channel:

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:

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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: Christie Miller
         (757) 380-3581

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