Huntington Ingalls Industries' AMSEC Subsidiary Wins Navy CEMAT and SEMAT
VIRGINIA BEACH, Va., April 7, 2014 (GLOBE NEWSWIRE) -- Huntington Ingalls
Industries (NYSE:HII) announced today that its AMSEC subsidiary has been
awarded a contract to provide engineering, technical, repair and logistics
support to the U.S. Navy's Carrier Engineering Maintenance Assist Team (CEMAT)
and Surface Ship Engineering Maintenance Assist Team (SEMAT) programs. The
indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee contract contains
a one-year base period with four one-year option periods, which, if exercised,
would bring the cumulative value of the contract to more than $187 million.
"AMSEC has brought continuity and innovation to the CEMAT and SEMAT programs,
and we are delighted to have won this contract," said Harris Leonard, vice
president of HII's Newport News Shipbuilding division and president of AMSEC
operations. "Being selected by the Navy to continue this support makes us very
proud of our past performance and has us looking forward to providing
continued support to the fleet."
AMSEC will furnish engineering and technical services in support of
maintenance and planning for the overhaul and repair of equipment and systems
associated with the Navy's aircraft carriers and West Coast surface ships.
"We are very pleased to continue our CEMAT support to the Navy's aircraft
carriers and SEMAT support to its west coast surface ships," said Brad Mason,
director of AMSEC's maintenance, modernization and technical services
operation. "Our technicians are part of the valuable 'find-fix-and-train'
philosophy the program has provided for almost 30 years. As the Navy faces
both budget and size restrictions, AMSEC is proud to be part of this
maintenance philosophy while providing valuable training to the sailors who
operate the critical systems covered by this contract."
Work will be performed in various ship homeports throughout the world. If all
options are awarded, the work is expected to be completed by April 2019. The
Norfolk Ship Support Activity in Virginia is the contracting activity.
AMSEC LLC is a subsidiary of Huntington Ingalls Industries. With over 2,000
employees in 33 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 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
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
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