GlobeNewswire Inc | Apr 19, 2021 05:44PM EDT

April 19, 2021

PASCAGOULA, Miss., April 19, 2021 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its Ingalls Shipbuilding division has received a fourth contract modification from the U.S. Navy for $107 million to provide long-lead-time material and advance procurement activities for amphibious assault ship LHA 9. This modification brings the total advance funding for LHA 9 to $457 million.

The amphibious warship production line is a critical component of our nations defense industrial base, Ingalls Shipbuilding President Kari Wilkinson said. This funding will strengthen our suppliers and sustain jobs across the country in support of LHA 9 construction.

Ingalls is the sole builder of large-deck amphibious ships for the Navy. The shipyard delivered its first amphibious assault ship, theIwo Jima-class USSTripoli(LPH 10), in 1966. Ingalls has since built fiveTarawa-class (LHA 1) ships, eightWasp-class (LHD 1) ships and the first in the new America class of amphibious assault ships(LHA 6) in 2014. The second ship in the America class, USSTripoli(LHA 7), was delivered to the Navy in early 2020. Bougainville (LHA 8) is under construction.

Huntington Ingalls Industries is Americas largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HIIs 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. HIIs Technical Solutions division supports national security missions around the globe with unmanned systems, defense and federal solutions, and nuclear and environmental services. Headquartered in Newport News, Virginia, HII employs more than 42,000 people operating both domestically and internationally. For more information, please visit www.huntingtoningalls.com.

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Contact:

Teckie Hinkebeinteckie.hinkebein@hii-co.com(228) 935-1323