PASCAGOULA, Miss., April 27, 2011 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries, Inc. (NYSE:HII) announced today senior leadership promotions for its Ingalls Shipbuilding division.
Photos accompanying this release are available at http://media.globenewswire.com/hii/mediagallery.html?pkgid=9582
HII, America's largest military shipbuilder, was previously a business sector of Northrop Grumman until effectively separating on March 31 in a spinoff of the company to shareholders.
Irwin F. Edenzon, corporate vice president and president, Ingalls Shipbuilding, announced the promotions in support of the new company.
"It takes a strong management team to build and maintain the best ships in the world," Edenzon said. "I am confident we have the right leadership in place to meet our commitments to our U.S. Navy and U.S. Coast Guard customers. I'm proud of the team we've assembled, and we're ready to carry on the great legacy of Ingalls Shipbuilding."
Doug Lounsberry is promoted to vice president, LPD 17 Program, responsible for all aspects of the program, including the construction of the vessels and management of all support activities. In this role he will also have responsibility for all post-delivery activities as part of the life-cycle management contract. Lounsberry has been with the company 34 years. He earned a bachelor's degree in business administration and an M.B.A. from the University of Southern Mississippi.
Katy Sinor is promoted to vice president and division counsel of Ingalls Shipbuilding. She is responsible for the provision of all legal advice to senior management at the Ingalls Shipbuilding division. As division counsel, Sinor supervises the attorneys and law department staff supporting Ingalls. She reports to corporate vice president and deputy general counsel. Sinor has been with the company 11 years. She earned an undergraduate degree in accounting from the University of New Orleans and a juris doctorate degree from Tulane Law School.
The following individuals will be part of the business management leadership team led by Chris Kastner, vice president, business management, and CFO, Ingalls Shipbuilding:
Frank D. Martin is appointed vice president, finance and controller. He will continue to have responsibility for the accounting, program finance, financial planning and risk management functions. Martin earned a bachelor's degree in business administration in accounting from Millsaps College and has been with the company for 22 years.
Thomas Stiehle joins Ingalls Shipbuilding from Northrop Grumman Aerospace Systems and is appointed vice president, contracts and pricing. He will be responsible for all aspects of Ingalls contracts and estimating and pricing operations. Stiehle joined Grumman Aircraft Corp. in 1987 and most recently served as director of program business management for the Joint Surveillance Target Attack Radar System (STARS) intelligence, surveillance and reconnaissance (ISR) integrated product team (IPT). Stiehle holds a bachelor's degree in mechanical engineering from Hofstra University, a master's degree in acquisition and contract management from the Florida Institute of Technology and an M.B.A. from Adelphi University.
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 nearly 38,000 in Virginia, Mississippi, Louisiana and California, its primary business divisions are Newport News Shipbuilding and Ingalls Shipbuilding. For more information, please visit www.huntingtoningalls.com.
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.
