PHOTO RELEASE -- Ingalls Shipbuilding Awarded $497 Million Contract for Seventh U.S. Coast Guard National Security Cutter

PHOTO RELEASE -- Ingalls Shipbuilding Awarded $497 Million Contract for
Seventh U.S. Coast Guard National Security Cutter

PASCAGOULA, Miss., March 31, 2014 (GLOBE NEWSWIRE) -- Huntington Ingalls
Industries (NYSE:HII) announced today that its Ingalls Shipbuilding division
has received a $497 million fixed-price, incentive-fee contract from the U.S.
Coast Guard to build a seventh Legend-class National Security Cutter (WMSL
756).

"We have a hot production line with this class of ships, and we continue to
get better—a tangible result demonstrating the value of serial production,"
said Ingalls NSC Program Manager Jim French. "Each ship is built more
effectively and more affordably than the one before it, and this is due to the
hard work of our shipbuilders who are implementing efficient build plans and
bringing our learning curve down as each ship is delivered. We look forward to
starting construction on this ship in January 2015."

Ingalls has delivered the first three NSCs and has three more under
construction. Hamilton (WMSL 753) is 81 percent complete and will deliver in
the third quarter of 2014; James (WMSL 754) is 52 percent complete and will
launch in April, and the sixth NSC (WMSL 755) began construction late last
year and is scheduled for launch in the fourth quarter of 2015. The seventh
ship, WMSL 756, is scheduled for delivery in 2018.

A photo of the third Legend-class NSC, USCGC Stratton (WMSL 752), is available
at:
http://newsroom.huntingtoningalls.com/Multimedia-Gallery/National-Security-Cutter-Stratton-WMSL-752-262.aspx.

Legend-class NSCs are the flagships of the Coast Guard's cutter fleet.
Designed to replace the 378‐foot Hamilton-class high-endurance cutters that
entered service during the 1960s, they are 418 feet long with a 54-foot beam
and displace 4,500 tons with a full load. They have a top speed of 28 knots, a
range of 12,000 miles, an endurance of 60 days and a crew of 110.

NSCs are capable of meeting all maritime security mission needs required of
the high-endurance cutter. They include an aft launch and recovery area for
two rigid hull inflatable boats and a flight deck to accommodate a range of
manned and unmanned rotary wing aircraft. The Legend class is the largest and
most technologically advanced class of cutter in the Coast Guard, with robust
capabilities for maritime homeland security, law enforcement, marine safety,
environmental protection and national defense missions. NSCs play an important
role enhancing the Coast Guard's operational readiness, capacity and
effectiveness at a time when the demand for their services has never been
greater.

Huntington Ingalls Industries 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
more than 38,000 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

CONTACT: Bill Glenn
         William.Glenn@hii-co.com
         228-327-1671

company logo
 
Press spacebar to pause and continue. Press esc to stop.