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PASCAGOULA, Miss., April 12, 2018 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that its Ingalls Shipbuilding division plans to reactivate its shipbuilding facilities on the east bank of the Pascagoula River.
The site of the original Ingalls Shipbuilding Corp., founded in 1938, was decimated by Hurricane Katrina in 2005. The reactivation will restore the facility’s ability to support Ingalls’ current ship construction and modernization programs as well as help the company better prepare for future work, including next-generation amphibious assault ships and surface combatants.
“We are excited to be bringing the east bank back to life,” Ingalls Shipbuilding President Brian Cuccias said. “As we prepare to celebrate our 80th anniversary, what better way to do that than to announce that the original Ingalls facility will become a productive, vibrant part of the Pascagoula landscape once again!”
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Work will begin immediately on the project, which is expected to require approximately two years to complete.
The primary component of the project includes the addition of large, covered construction areas for construction of ship assemblies and components as well as the restoration of an outfitting pier.
“We are using proven concepts from our west bank modernization as a guide for our east bank reactivation,” said George Jones, Ingalls’ vice president for operations. “Our employees are the best sources for innovative ideas. With their help, we have improved safety, efficiency and working conditions. We have some of the best shipbuilders in the country, and they deserve the best shipyard in which to work. From more covered work areas and better environmental controls, to state-of-the-art tools and technology, Ingalls is leading the way in modern military ship design and construction.”
The east bank reactivation project is the newest element of the company’s modernization efforts to remain a vital element of the nation’s shipbuilding industrial base.
“We are fortunate to operate in an area that supports shipbuilding and our military at the city, county and state levels,” Cuccias said. “Together with the State of Mississippi, we are investing hundreds of millions of dollars to provide our shipbuilders the best tools and equipment and the safest, most efficient work environment possible in which to do the great work they do every single day. Our local leaders support shipbuilding with workforce training programs, economic development incentive policies and by providing good communities in which our employees are able to raise their families—in many cases the follow-on generations of shipbuilders at Ingalls. So when we determined we need additional facilities for our operations, it made perfect sense to do this expansion here in our hometown.”
Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. 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. HII’s Technical Solutions division provides a wide range of professional services through its Fleet Support, Integrated Missions Solutions, Nuclear & Environmental, and Oil & Gas groups. Headquartered in Newport News, Virginia, HII employs nearly 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 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 and environmental disasters and political instability; 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 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 obligation to update any forward-looking statements. You should not place undue reliance on any forward-looking statements that we may make.