Huntington Ingalls Industries Wins U.S. Navy HM&E Machinery and Systems Contract

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VIRGINIA BEACH, Va., Sept. 29, 2011 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries, Inc. (NYSE:HII) announced today that its AMSEC LLC subsidiary has been awarded a contract by the U.S. Navy in support of hull, mechanical and electrical (HM&E) machinery and systems on Navy, federal agency and contracted vessels and platforms, selected maritime agency vessels, and select land-based sites.

The indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee multiple-award contract contains a base period with four one-year option periods which, if exercised, would bring the cumulative value of the contract to approximately $92 million.

"This contract enables AMSEC's continued support of Navy sailors, ships and systems as they respond to worldwide challenges," said Harris Leonard, HII vice president and president of AMSEC operations. "We look forward to continuing our support of the Navy by providing our sailors with advanced technologies and support at a lower cost and increased efficiencies."

The work will be performed primarily in Norfolk, San Diego and Mayport, Fla. If all options are awarded, the work is expected to be completed by September 2016. The Naval Surface Warfare Center (NSWC), Carderock Division, Ship Systems Engineering Station, Philadelphia Detachment is the contracting activity.

"AMSEC is pleased to have the opportunity to continue our support to the Naval Surface Warfare Center, Carderock," said Chris Fiori, program manager for work performed under the contract. "We have been supporting NSWC for years and look forward to continuing to provide 'Quality People and Quality Service' to the fleet."

About AMSEC

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.

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:



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