NEWPORT NEWS, Va., Jan. 21, 2014 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding (NNS) division has opened a field office in Aiken, S.C., as part of its continuing efforts to expand the company's business in the Department of Energy and commercial energy markets. NNS leadership joined community leaders this morning to officially open the office with a ribbon-cutting event.
"While shipbuilding remains our primary business, we are expanding our efforts into DoE and commercial energy work, and we believe this new field office in Aiken proves our commitment to growth in this market," said Newport News Shipbuilding President Matt Mulherin.
A photo accompanying this release is available at: http://newsroom.huntingtoningalls.com/ImageLibrary/detail.aspx?MediaDetailsID=821.
The Aiken office will provide a location from which NNS will manage jobs currently under contract in the area and pursue additional opportunities in the energy industry. The office will focus on marketing professional services for its current contract at Savannah River Nuclear Solutions and to surrounding areas and will be capable of providing any skill-set necessary to design, plan, construct and test a large, complex nuclear project.
The office will join NNS's growing energy division, which includes Newport News Energy, Newport News Industrial, Newport News Nuclear and the recently acquired S.M. Stoller Corp., a leading provider of technical, environmental, ecological, waste management, remediation and consultation services to private-sector companies and the U.S. government. NNS is also teamed with Fluor and Honeywell on the management and operations contract at Savannah River Nuclear Solutions and provides maintenance services at the Kenneth A. Kesselring site in West Milton, N.Y.
"We're all excited about the commitment and investment that Newport News is making with this office in Aiken," said David Jameson, president and CEO of Aiken Chamber of Commerce. "Bringing new investment into our community shows the confidence Newport News has in the talent based here in Aiken."
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 at its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Employing more than 37,000 in Virginia, Mississippi, Louisiana and California, HII also provides a wide variety of products and services to the commercial energy industry and other government customers, including the Department of Energy. For more information about HII, visit:
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: Christie Miller (757) 380-3581 email@example.com
Huntington Ingalls Industries, Inc.
Newport News, Virginia, UNITED STATES
Christie Miller (757) 380-3581 firstname.lastname@example.org
Day's Range: 101.36-104.12
Previous Close: 101.36
Market Cap: 5.13B
Day's Volume: 303,940