NEWPORT NEWS, Va., Sept. 19, 2011 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries, Inc. (NYSE:HII) announced today that the company's Newport News Shipbuilding (NNS) division officially began construction of the yet-to-be-named Virginia-class submarine SSN 787 on Sept. 2, marking the beginning of the program's two-submarines-per-year build plan.
"As a team, Newport News Shipbuilding and Electric Boat have been aggressive in identifying cost-reduction opportunities and construction efficiencies that both enabled the authorization of two submarines per year and will support their continued cost-effective and timely delivery to our Navy customer," said Jim Hughes, NNS' vice president, Submarines and Fleet Support. "We are eager to implement this build plan that will further strengthen our nation's undersea force."
SSN 787 is the 14th Virginia-class submarine and the fourth of the Block III subs. HII is teamed with General Dynamics Electric Boat to build Virginia-class submarines. Using millions of parts from more than 4,000 suppliers in 50 states and the District of Columbia, the submarines incorporate dozens of new technologies and innovations and are the first major combatants designed with the post-Cold War security environment in mind.
"This represents the culmination of an extraordinary effort by the Virginia-class team," said John D. Holmander, Electric Boat's vice president for the Virginia Program. "From the engineers and designers who reduced the cost of the Virginia class, to the shipbuilders who have delivered the submarines ahead of schedule and under budget, to the vendors who worked with us on cost-containment strategies, and of course to the Navy, which has managed the program now recognized as a model for Pentagon procurement, this has truly been a collective effort."
Holmander also credited the Virginia, Connecticut and Rhode Island congressional delegations for their tireless support of the Virginia-class program, resulting in approval for the Navy to double submarine production from one to two submarines per year.
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: