CORRECTED: Huntington Ingalls Industries Selected to Repair Guided Missile Destroyer USS Fitzgerald (DDG 62)

PASCAGOULA, Miss., Aug. 23, 2017 -- Huntington Ingalls Industries (NYSE:HII) announced today that its Ingalls Shipbuilding division has been selected to repair the guided missile destroyer USS Fitzgerald (DDG 62) when it returns to the United States. The ship will be brought to Ingalls’ facilities in Pascagoula for the repairs.

“Ingalls and all of its employees regret the tragic circumstances that will bring the ship to Pascagoula,” said Ingalls Shipbuilding President Brian Cuccias, “but it is an honor and a privilege to work with the Navy to return the ship to the fleet in the shortest time possible.”

Ingalls has a history of repairing damaged Navy ships, including the frigate USS Stark (FFG 31) and USS Cole (DDG 67), a guided missile destroyer in the same class as Fitzgerald.

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 37,000 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.

Contact: 
            
Bill Glenn
[email protected]
228-935-1323