VIRGINIA BEACH, Va., July 30, 2012 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its AMSEC LLC subsidiary has been awarded a contract to provide Total Ship Information Management System (TSIMS) support to the U.S. Navy.
The indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee SeaPort Enhanced (SeaPort-e) task order contains a base period with two one-year option periods which, if exercised, would bring the cumulative value of the contract to approximately $8.2 million. SeaPort-e is the Navy's electronic platform for acquiring support services in 22 functional areas, including engineering, financial management and program management.
The contract is to provide support of engineering, logistics, computer engineering services and training for the Naval Surface Warfare Center's Carderock Division (NSWCCD). The work will be performed in Norfolk; San Diego; Bremerton, Wash.; Pearl Harbor, Hawaii; and Yokosuka, Japan. If all options are awarded, the work is expected to be completed by May 2015.
"We are proud to continue our support of the Naval Surface Warfare Center, ensuring the readiness of our military personnel and their mission's success," said Harris Leonard, HII vice president and president of AMSEC operations. "AMSEC has an outstanding reputation for providing TSIMS support, and we look forward to continued growth in our relationship with NSWCCD."
For more information about AMSEC's TSIMS team, visit: http://www.amsec.com/amsec_web/newsandmedia/PR_TSIMS.html.
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.
About Huntington Ingalls
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. Employing more than 37,000 in Virginia, Mississippi, Louisiana and California, its primary business divisions are Newport News Shipbuilding and Ingalls Shipbuilding. For more information, visit:
- HII on the web: www.huntingtoningalls.com
- HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries
- HII on Twitter: twitter.com/hiindustries
AMSEC LLC is a subsidiary of Huntington Ingalls Industries. With approximately 2,000 employees in 27 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.
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