VIRGINIA BEACH, Va., Jan. 3, 2013 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its AMSEC LLC subsidiary has been awarded a contract by the U.S. Navy's Space and Naval Warfare Systems Command (SPAWAR). The contract is in support of design, acquisition, production, integration, testing, installation and configuration management of certified C5ISR capabilities (command, control, communications, computers, combat systems, intelligence, surveillance and reconnaissance), with a specific focus on submarine and surface ship new construction.
AMSEC was one of several contractors awarded an indefinite-delivery/indefinite-quantity contract that contains a one-year base period with four one-year option periods which, if exercised, would bring the cumulative ceiling value for all awardees to approximately $900 million.
"This competitive award solidifies AMSEC's position as an industry leader in C5ISR services and enables AMSEC to provide support to SPAWAR's critical mission," said Harris Leonard, HII vice president and president of AMSEC operations. "We have an exceptional team ready to support the Navy and continue our record of innovation and superior performance."
The work will be performed worldwide and is expected to be completed by December 2017 if all options are exercised. The Space and Naval Warfare Systems Center Atlantic in Charleston, S.C., is the contracting activity.
AMSEC LLC is a subsidiary of Huntington Ingalls Industries. With approximately 2,000 employees in 27 locations nationwide and overseas, AMSEC is a full-service supplier to the Navy and commercial maritime industry, providing naval architecture and marine engineering, naval ship systems assessments, maintenance engineering, waterfront maintenance support, acquisition program support, shipyard industrial engineering and C4I installation and support services. AMSEC also provides life-cycle integrated logistics services, including technical manual development, provisioning documentation, spare parts management, training development and delivery, and software development.
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:
The Huntington Ingalls Industries, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9418
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 costs and perform effectively; risks related to our spin-off from Northrop Grumman (including our increased costs and leverage); our ability to realize the expected benefits from consolidation of our Gulf Coast facilities; natural disasters; adverse economic conditions in the United States and globally; 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.
CONTACT: Leslie Gallop (757) 463-6666 email@example.com
Huntington Ingalls Industries, Inc.
Newport News, Virginia, UNITED STATES
Leslie Gallop (757) 463-6666 firstname.lastname@example.org
Day's Range: 56.09-57.70
Previous Close: 56.31
Market Cap: 2.89B
Day's Volume: 134,099
Huntington Ingalls Industries, Inc. Logo