VIRGINIA BEACH, Va., Sept. 15, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that its AMSEC LLC subsidiary has been awarded a contract by the U.S. Navy to provide logistical support to naval operating, joint and coalition forces.
AMSEC was awarded a four-year contract that has a potential value of $24 million if fully funded and all options are exercised. Services and products for the Navy Expeditionary Logistics Support Group (NAVELSG) include asset management, integrated logistics support, and overhaul, kitting, equipment and network support services.
AMSEC’s work will be performed primarily at Cheatham Annex near the Naval Weapons Station Yorktown, with support from AMSEC’s other locations in Virginia.
“We have an outstanding relationship with our customer that has developed over six years of providing them with world-class logistics and mission-critical services,” said William Rumschlag, AMSEC’s division manager of engineering, training and asset management solutions. “Our subject matter experts will continue to support the mission of NAVELSG.”
AMSEC has more than 2,000 employees at 35 locations worldwide. AMSEC’s expertise includes marine engineering, naval architecture, shipyard industrial planning and design, HM&E (hull, mechanical and electrical) and C4I (command, control, communication, computers and intelligence) installation and support, and waterfront systems testing and maintenance. AMSEC’s knowledge spans across life-cycle integrated logistics services, including technical manual development, network, data and inventory management, instructional system design, and mobile training solutions. AMSEC is a certified CMMI-Level 3 provider of enterprise software design and development, cyber security, database and web services.
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 approximately 35,000 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 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 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 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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