VIRGINIA BEACH, Va., Jan. 9, 2014 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its AMSEC LLC subsidiary has been awarded a contract to provide maintenance, training and planning support for U.S. Navy aircraft carriers.
The indefinite-delivery/indefinite-quantity (IDIQ), cost-plus-fixed-fee contract contains a one-year base period with four one-year option periods which, if exercised, would bring the cumulative value of the contract to about $135 million.
"AMSEC continues to respond to our customer's needs and enhance our services to meet the Navy's requirements," said Harris Leonard, HII vice president and president of AMSEC operations. "We look forward to building on our record of superior service to the Naval Sea Systems Command and the naval fleet they support."
AMSEC will furnish engineering services, maintenance and operator training as well as technical and repair services in support of maintenance and planning for the overhaul, modernization and repair of shipboard elevators, cargo-handling equipment and associated systems installed within U.S. Navy aircraft carriers.
"We are pleased to continue supporting the Navy with this very important work," said Brad Mason, director of the maintenance, modernization and technical services operation. "The Elevator Support Unit (ESU) has been one of AMSEC's core contracts for years and we look forward to continuing our work with the Navy in the vital areas of maintenance, training, alterations and installation."
The work will be performed onboard U.S. naval aircraft carriers in Norfolk, Va.; San Diego; Bremerton and Everett, Wash.; Japan; and other fleet concentration areas to be determined. If all options are awarded, the work is expected to be completed by December 2018. The Norfolk Ship Support Activity (NSSA) is the contracting activity.
AMSEC LLC is a subsidiary of Huntington Ingalls Industries. With approximately 2,000 employees in 32 locations nationwide and overseas, AMSEC is a full-service supplier to the Navy and commercial maritime industry, providing naval architecture and marine engineering, naval ship systems assessments, maintenance engineering, waterfront maintenance support, acquisition program support, shipyard industrial engineering, and C4I installation and support services. AMSEC also provides life-cycle integrated logistics services, including technical manual development, provisioning documentation, spare parts management, training development and delivery, and software development.
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. HII also provides a wide variety of products and services to the commercial energy industry and other government customers, including the Department of Energy. Employing more than 38,000 in Virginia, Mississippi, Louisiana and California, its primary business divisions are Newport News Shipbuilding and Ingalls Shipbuilding. For more information about HII, 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 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 costs and perform effectively; risks related to our spin-off from Northrop Grumman (including our increased costs and leverage); our ability to realize the expected benefits from consolidation of our Gulf Coast facilities; natural disasters; adverse economic conditions in the United States and globally; 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.
CONTACT: Leslie Gallop
(757) 463-6666
leslie.gallop@hii-amsec.com
