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Huntington Ingalls Industries’ SN3 Subsidiary Retains Environmental Surveillance, Education and Research Contract in Idaho

NEWPORT NEWS, Va., March 02, 2016 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its SN3 subsidiary will continue supporting the Environmental Surveillance, Education and Research (ESER) contract at the U.S. Department of Energy’s Idaho Operations Office as a subcontractor to Wastren Advantage Incorporated (WAI). The contract consists of a base year beginning April 1 and four one-year options running through March 31, 2021, at a total value of $13.7 million.

SN3 has supported the ESER program for 15 years. It is an LLC partner of the incumbent team holding the ESER contract and served as the prime contractor from 2000 to 2010.

“SN3 is honored to continue supporting the Environmental Surveillance, Education and Research program,” said Eric Schweinsberg, SN3’s Idaho operations manager. “The advancement of ecological science and opportunity for community outreach is rewarding professionally and personally.”

WAI is a Small Business Administration-certified 8(a) small, disadvantaged business headquartered in Piketon, Ohio, with project offices throughout the United States. It brings experience from a diverse project portfolio of multiple DOE-direct prime contracts and offers a level of business acumen, financial strength, and reach-back that few other small-business contractors in the DOE complex can offer.

From the operation of nuclear production facilities at Savannah River to site remediation and waste management at Hanford, SN3 manages complex projects that are crucial to national security, advancing science and technology and protecting the environment. With a half-century legacy of safe performance, SN3 earned the first nationwide, multi-site Department of Energy Voluntary Protection Program STAR award.

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of manufacturing, engineering and management services to the commercial and non-commercial 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 nearly 36,000 people operating both domestically and internationally. For more information, 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 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 procurement processes and government regulations and our ability to comply with such requirements; our ability to deliver our products and services at an affordable life cycle cost and compete within our markets; natural disasters; adverse economic conditions in the United States and globally; changes in key estimates and assumptions regarding our pension and retiree health care costs; security threats, including cyber security threats, and related disruptions; and other risk factors discussed herein and in our filings with the SEC. 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.

Christie Miller Christine.Miller@HII-co.com (757) 380-3581

Source:Huntington Ingalls Industries, Inc.