NEWPORT NEWS, Va., June 27, 2017 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE: HII ) announced today that its Technical Solutions division was awarded a task order by the U.S. Navy’s Southwest Regional Maintenance Center for a Special Selected Restricted Availability (SSRA) on the guided missile cruiser USS Chosin (CG 65).
Technical Solutions’ Fleet Support Group (Continental Maritime of San Diego) is being awarded a $37.7 million firm-fixed-price delivery order, which, if all options are exercised, would bring the cumulative value of the award to $45 million. Technical Solutions will provide depot-level maintenance, alterations and modifications to update and improve the ship’s military and technical capabilities. Work will be performed in San Diego and is expected to be completed by April 2018.
“It is always our goal to be the best partner in the port, so we are honored to support the Navy’s fleet modernization with this delivery order to perform an SSRA on USS Chosin ,” said Dan Flood, operations director at HII’s San Diego shipyard. “This award allows our skilled workforce of ship repair professionals to continue to showcase their technical expertise, while achieving superior results through teamwork.”
A photo of USS Chosin is available at: http://newsroom.huntingtoningalls.com/file?fi...6476f91fff .
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.
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 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; adverse economic conditions in the United States and globally; 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.
Contact: Beci Brenton (202) 264-7143 Beci.Brenton@hii-co.com
