Photo Release -- Newport News Shipbuilding Appoints Peter Diakun to Vice President of Energy Programs

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NEWPORT NEWS, Va., June 14, 2012 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that Peter Diakun, vice president and chief technology officer of its Newport News Shipbuilding (NNS) division, has been appointed to vice president of energy programs.

Diakun, a 26-year veteran of the shipyard, will assume responsibility for energy programs while maintaining certain aspects of his current position. In addition to leading NNS' Department of Energy programs, he will continue to oversee Virginia Advanced Shipbuilding and Carrier Integration Center (VASCIC) operations, including operational concepts and modeling and simulation work. In this new role, Diakun will also become the general manager of Newport News Nuclear, Inc. (NNN) as well as president of Newport News Industrial Corp. (NNI) and Newport News Energy (NNE), all HII subsidiaries.

Diakun has a bachelor's degree in electrical engineering from Virginia Polytechnic Institute and State University and a MBA from Rensselaer Polytechnic Institute.

"Pete's experience and leadership will be of great benefit to the company and to our energy programs as we continue growth efforts in this area," said NNS President Matt Mulherin.

Diakun will assume his new position following the retirement of Doug Stitzel on June 30. With a career of 46 years at the shipyard, Stitzel has held leadership roles in the Department of Energy program division, supply chain management, engineering, and operations.

"For the past 46 years, Doug has proudly served Newport News," Mulherin said. "Throughout his career he has shown great leadership and responsibility, and we appreciate all his hard work and dedication. Doug will retire after years of gaining experience and leading others to help improve our business as a whole."

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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