VIRGINIA BEACH, Va., Sept. 10, 2015 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its AMSEC LLC subsidiary has been awarded a contract by the U.S. Navy to provide support services to Navy ships on behalf of the Mid-Atlantic Regional Maintenance Center.
AMSEC was one of three contractors awarded a multiple task order, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract for hull, mechanical and electrical engineering; analytical support; logistics support; and other technical support. The estimated ceiling amount of the contract is $83 million. Contract funds will be awarded on a competitive task order basis among the awardees.
"AMSEC has more than 34 years of experience delivering complete hull, mechanical and electrical services and alteration installation team solutions to the U.S. fleet," said Harris Leonard, vice president of HII's Newport News Shipbuilding division and president of AMSEC. "We will build on our record of superior service to our military customers, including the Mid-Atlantic Regional Maintenance Center and the naval fleet they support."
AMSEC's portion of the work will be performed in Norfolk (75 percent); other sites in the U.S. (20 percent); and out of the continental U.S. (5 percent). If all options are exercised, work is expected to be completed by September 2017.
AMSEC has over 2,000 employees at 35 locations worldwide. AMSEC's expertise includes marine engineering, naval architecture, shipyard industrial planning and design, HM&E / C4I installation and support, and waterfront systems testing and maintenance. AMSEC's knowledge spans across life-cycle integrated logistics services, including technical manual development, network, data and inventory management, instructional system design, and mobile training solutions. AMSEC is a certified CMMI-Level 3 provider of enterprise software design and development, cyber security, database and web services.
Huntington Ingalls Industries is America's largest military shipbuilding company and a provider of engineering, manufacturing and management services to the nuclear energy, oil and gas markets. For more than a century, HII's Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. Headquartered in Newport News, Virginia, HII employs approximately 38,000 people operating both domestically and internationally. For more information, visit:
- HII on the web: www.huntingtoningalls.com
- HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries
- HII on Twitter: twitter.com/hiindustries
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 future contract costs and perform our contracts effectively; changes in government regulations and procurement processes and our ability to comply with such requirements; our ability to realize the expected benefits from consolidation of our Ingalls facilities; natural disasters; adverse economic conditions in the United States and globally; risks related to our indebtedness and leverage; 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. You should not place undue reliance on any forward-looking statements that we may make.
CONTACT: Kristine DiMarco (757) 226-1539 email@example.com
Source:Huntington Ingalls Industries, Inc.