Ingalls Wins Naval Contract

Thursday, June 16, 2011

Ingalls Shipbuilding, a division of Huntington Ingalls Industries, Inc. (NYSE:HII), was awarded a construction contract for the Arleigh Burke-class (DDG 51) destroyer DDG 113. As this award represents Phase I of a competitive two-phased acquisition approach to procure FY11/FY12 DDG 51s, with Phase II including the potential award of up to three additional ships, the award amount is considered source selection-sensitive information. DDG 113 will be the 29th Arleigh Burke-class destroyer built by Ingalls.

"The opportunity to build DDG 113 and the Navy's plan to restart the DDG 51 class production line aligns with our business strategy of building classes of ships in serial production," said Bob Merchent, vice president, surface combatants and U.S. Coast Guard programs, Ingalls Shipbuilding. "We've built a strong DDG team, and we're focused on building these ships more efficiently. Focusing on better processes and improved performance ensures our future and gets the Navy more ships."

Ingalls Shipbuilding has delivered 28 Arleigh Burke-class ships to the U.S. Navy. The company's 28th ship, William P. Lawrence (DDG 110), was commissioned in Mobile, Ala., on June 4.

This highly capable, multi-mission ship was built to conduct a variety of operations, from peacetime presence and crisis management to sea control and power projection, all in support of the United States' military strategy. DDG 113 will be capable of simultaneously fighting air, surface and subsurface battles. The ship contains myriad offensive and defensive weapons designed to support maritime defense needs well into the 21st century.

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

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