Huntington Ingalls Industries Wins Navy Expeditionary Equipment Readiness Support Contract
September 24 2018 - 9:00AM
Huntington Ingalls Industries (NYSE:HII) announced today that its
Technical Solutions division was awarded a contract to provide
engineering, technical, repair and logistical support to the U.S.
Navy’s Coastal Riverine Forces.
The five-year, fixed-fee contract has a value of $34 million if
all options are exercised. Services for Coastal Riverine Groups One
and Two include contractor field team support, organizational level
and intermediate level maintenance as well as hull, mechanical and
electrical (HM&E), electronic and civil engineering support
equipment (CESE), and material handling equipment (MHE) for
specific patrol craft and support equipment. The work will be
performed by Technical Solutions’ Fleet Support group, primarily in
Norfolk and San Diego.
Roger Adams, the technical support department manager at
Technical Solutions’ Virginia Beach office, said, “This is a result
of a long and trusted relationship with the command that has
allowed us to develop our personnel to meet current needs while
helping them to anticipating and mitigate future challenges. It is
a great partnership.”
HII’s Fleet Support group has more than 2,000 employees at 35
locations worldwide, with mobile “fly-away” teams that support
emergent situations around the globe. Their expertise includes
marine engineering and analysis and design services, HM&E/C4I
installation and support services, and waterfront systems
modernization, testing and maintenance.
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 more than 39,000 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.
Contact:
Beci Brenton(202) 264-7143Beci.Brenton@hii-co.com
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