NEWPORT NEWS, Va. (Aug. 29, 2017) -- Huntington Ingalls Industries (NYSE:HII) announced today that its Technical Solutions division was recently awarded an OASIS task order on a previously awarded contract for technical and engineering support of the U.S. Marine Corps’ Chemical, Biological, Radiological, Nuclear and High-Yield Explosive (CBRNE) Consequence Management program.
The task order includes four one-year option periods, which, if exercised, could bring the cumulative value of the contract to $78 million. Technical Solutions’ Integrated Mission Solutions group (Camber Corp.) will perform the work in Washington, D.C., and on 24 Marine Corps installations worldwide. The work is expected to be completed in 2022 if all options are exercised.
“We are very excited about the opportunity to support the U.S. Marine Corps on this very important program,” said Joe Reale, president, Technical Solutions’ Integrated Mission Solutions group. “Camber has tremendous capability in the CBRNE and emergency management fields, and we look forward to continuing to work with the Marine Corps to safeguard the men and women who protect our nation.”
About Technical Solutions
HII Technical Solutions is a professional services business providing solutions to a variety of government and commercial customers worldwide. The division was formed in December 2016 when HII acquired Camber Corp. and combined it with HII’s existing services subsidiaries, including AMSEC, Continental Maritime of San Diego, Newport News Industrial, SN3, Undersea Solutions Group and UniversalPegasus International. Technical Solutions provides fleet maintenance and modernization, unmanned solutions and rapid prototyping, agile software development and network engineering, training systems, logistics support, nuclear engineering and fabrication, and oil and gas engineering. Technical Solutions employs more than 5,000 people working in 35 states and 11 countries, with mobile “fly-away” teams that support emergent situations around the globe.
About Huntington Ingalls Industries
Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division provides a wide range of professional services through its Fleet Support, Integrated Missions Solutions, Nuclear & Environmental, and Oil & Gas groups. Headquartered in Newport News, Virginia, HII employs nearly 37,000 people operating both domestically and internationally. For more information, 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 future contract costs and perform our contracts effectively; changes in government regulations and procurement processes and our ability to comply with such requirements; our ability to realize the expected benefits from consolidation of our Ingalls facilities; natural disasters; adverse economic conditions in the United States and globally; risks related to our indebtedness and leverage; 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. You should not place undue reliance on any forward-looking statements that we may make.