Newport News Shipbuilding Receives Regional Economic Impact Award

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| Source: Huntington Ingalls Industries, Inc.

NEWPORT NEWS, Va., March 21, 2014 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division received the Economics Club of Hampton Roads' Economic Impact Award. The annual award, which recognizes the shipyard's annual economic impact of more than $5.5 billion, was presented Friday to Newport News Shipbuilding President Matt Mulherin at a luncheon held at the Norfolk Waterside Marriott.

"We are fortunate to live in, work in and contribute toward the Hampton Roads region, one of Virginia's strongest and most robust economies," Mulherin said. "We take our role as the commonwealth's largest industrial employer very seriously, and we appreciate the recognition this award affords us."

The Economics Club of Hampton Roads is an organization for business and government executives and community leaders who share an interest in the practical implications of economic principles, trends and events. It was established in 1991 as a community service by Old Dominion University's former president, James V. Koch, and is administered by the dean of the College of Business and Public Administration under the supervision of an elected board.

Huntington Ingalls Industries 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 38,000 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:

CONTACT: Christie Miller
         (757) 380-3581
         Christine.Miller@hii-co.com