HII Huntington Ingalls Industries Inc.

Ingalls Shipbuilding Awarded Life-Cycle Engineering Contract on U.S. Navy’s LPD 17 Program

Ingalls Shipbuilding Awarded Life-Cycle Engineering Contract on U.S. Navy’s LPD 17 Program

PASCAGOULA, Miss., Feb. 26, 2021 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE: HII) announced today that its Ingalls Shipbuilding division has been awarded a cost-plus-fixed-fee contract for life-cycle engineering and support services on the U.S. Navy's San Antonio (LPD 17) class of amphibious transport docks. This follow-on contract consists of a base contract valued at $36.9 million with a cumulative value of $213.9 million if all options are exercised.

“This contract enables Ingalls to continue providing LPD support and services that are critical to the sustainment of the Navy’s amphibious fleet,” Ingalls Shipbuilding President Brian Cuccias said. “Our talented workforce has the knowledge and experience required to perform this important work, and we are committed to ensuring these state-of-the-art warships serve our nation well into the future.”

Services provided in this contract include engineering change management; systems engineering and integration; supply chain management; training for new LPD 17-class shipboard systems; and the execution of industrial post-delivery availabilities.

“We appreciate the Navy’s continued investment in our experienced team and their reliance on the support we provide,” said David King, Ingalls' LPD 17 life-cycle program manager. “This contract builds on our strong partnership with the Navy in the construction and post-delivery management of Navy ships. We look forward to supporting these ships as they evolve to meet the changing threat environment.”

San Antonio-class ships are 684 feet long and 105 feet wide and displace approximately 25,000 tons. Their principal mission is to deploy the combat and support elements of Marine expeditionary units and brigades. The ships can carry up to 800 troops and have the capability of transporting and debarking landing craft air cushion or conventional landing crafts, augmented by helicopters or vertical take-off and landing aircraft such as the MV-22. These ships will support amphibious assault, special operations or expeditionary warfare missions through the first half of the 21st century.

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 supports national security missions around the globe with unmanned systems, defense and federal solutions, and nuclear and environmental services. Headquartered in Newport News, Virginia, HII employs more than 42,000 people operating both domestically and internationally. For more information, please visit

  • HII on the web:
  • HII on Facebook:
  • HII on Twitter:
  • HII on YouTube:
  • HII on Instagram:

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 estimate our future contract costs and perform our contracts effectively; changes in procurement processes and government regulations and our ability to comply with such requirements; our ability to deliver our products and services at an affordable life cycle cost and compete within our markets; natural and environmental disasters and political instability; our ability to execute our strategic plan, including with respect to share repurchases, dividends, capital expenditures and strategic acquisitions; adverse economic conditions in the United States and globally; health epidemics, pandemics and similar outbreaks, including the COVID-19 pandemic; changes in key estimates and assumptions regarding our pension and retiree health care costs; security threats, including cyber security threats, and related disruptions; 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 obligation to update any forward-looking statements. You should not place undue reliance on any forward-looking statements that we may make. This release also contains non-GAAP financial measures and includes a GAAP reconciliation of these financial measures. Non-GAAP financial measures should not be construed as being more important than comparable GAAP measures.

Contact:

Teckie Hinkebein



(228) 935-1323

 



EN
26/02/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Huntington Ingalls Industries Inc.

 PRESS RELEASE

HII Delivers Amphibious Transport Dock Richard M. McCool Jr. (LPD 29) ...

HII Delivers Amphibious Transport Dock Richard M. McCool Jr. (LPD 29) to U.S. Navy PASCAGOULA, Miss., April 11, 2024 (GLOBE NEWSWIRE) -- HII’s (NYSE:HII) Ingalls Shipbuilding division announced today the delivery of amphibious transport dock Richard M. McCool Jr. (LPD 29) to the U.S. Navy. Richard M. McCool Jr. is the 13th San Antonio-class ship delivered by Ingalls and is the final Flight I transition ship before Ingalls moves into production of the LPD Flight II line. “The LPD 29 delivery demonstrates how our shipbuilders are enabling our combined Navy and Marine Corps team,” said...

 PRESS RELEASE

HII Awarded as One of 2024’s Best Employers for Excellence in Health &...

HII Awarded as One of 2024’s Best Employers for Excellence in Health & Well-Being NEWPORT NEWS, Va., April 09, 2024 (GLOBE NEWSWIRE) -- Global engineering and defense technologies provider HII (NYSE: HII) was recognized today as one of the top companies in the country for its outstanding commitment to advancing employee well-being through comprehensive and innovative benefits and initiatives. HII is among a group of 54 companies recognized by Business Group on Health as a 2024 Best Employers: Excellence in Health & Well-being Award winner. According to Business Group on Health, the 54 co...

 PRESS RELEASE

HII is Awarded $74 Million Contract to Support U.S. Navy Vertical Laun...

HII is Awarded $74 Million Contract to Support U.S. Navy Vertical Launch Systems Research and development will enhance fleet defensive capabilities MCLEAN, Va., April 09, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division was awarded a $74 million contract to research, analyze and develop enhanced capabilities for the Mk 41 and Mk 57 vertical launching systems (VLS) onboard U.S. Navy surface ships. The task order, administered by the Naval Surface Warfare Center (NSWC) Port Hueneme Division, also applies to associated naval surface weapon sy...

 PRESS RELEASE

HII Completes Dry Dock Work for Aircraft Carrier USS John C. Stennis (...

HII Completes Dry Dock Work for Aircraft Carrier USS John C. Stennis (CVN 74) Refueling and Complex Overhaul NEWPORT NEWS, Va., April 08, 2024 (GLOBE NEWSWIRE) --  HII’s (NYSE: HII) Newport News Shipbuilding division has completed the dry dock portion of the refueling and complex overhaul (RCOH) of Nimitz-class aircraft carrier USS John C. Stennis (CVN 74). Following the recent flooding of more than 100 million gallons of water into the dry dock, USS John C. Stennis was successfully moved to an outfitting berth at the shipyard, where the remainder of the RCOH work and testing will be c...

 PRESS RELEASE

HII to Host First Quarter Earnings Conference Call and Webcast on May ...

HII to Host First Quarter Earnings Conference Call and Webcast on May 2 NEWPORT NEWS, Va., April 04, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) will release its first quarter 2024 financial results on Thursday, May 2 and host an earnings conference call at 9 a.m. Eastern time the same day. The call will be webcast live on HII’s website: . HII participants will include Chris Kastner, president and CEO, and Tom Stiehle, executive vice president and chief financial officer. Their remarks will be supplemented by a series of slides appearing on the company website. Listeners are encouraged to v...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch