PASCAGOULA, Miss., July 01, 2016 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division has been selected to perform the majority of the contract design work for the U.S. Navy’s amphibious warfare ship replacement, known as LX(R). The Department of Defense made the announcement Thursday at the same time Ingalls was awarded a contract to build the next large-deck amphibious assault warship, LHA 8.
LX(R) will replace the Navy’s Harpers Ferry- and Whidbey Island-class dock landing ships and will use the same hull as the San Antonio (LPD 17) class. Ingalls has delivered 10 of the LPD 17 ships to the Navy, is currently building the 11th, Portland (LPD 27), and has received more than $300 million in advance procurement funding for the 12th, Fort Lauderdale (LPD 28).
“With a hot production line, skilled workers, a strong supplier base and deep experience building San Antonio-class LPD amphibious warships, Ingalls stands ready to close the gap between LPD 28 and LX(R), the next generation amphibious warships the Navy-Marine Corps team needs today,” Ingalls Shipbuilding President Brian Cuccias said.
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 nearly 35,000 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.
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Source:Huntington Ingalls Industries, Inc.