Huntington Ingalls Industries Forms Defense and Federal Solutions Business Group
July 21 2020 - 08:30AM
Huntington Ingalls Industries’ (NYSE:HII) Technical Solutions
division announced changes to the organization and alignment of its
business groups. Following a series of strategic acquisitions and
major contract awards, coupled with a review of existing
capabilities and the division’s organizational structure, Technical
Solutions reconstituted its internal organization in order to
better serve existing and future customers while achieving support
function efficiencies. The previous Fleet Support group and Mission
Driven Innovative Solutions (MDIS) group were merged to form the
Defense and Federal Solutions group.
Garry Schwartz, former president of MDIS, will lead
Defense and Federal Solutions. Schwartz retired from the Marine
Corps as a senior officer in 2004 and has held positions of
increasing responsibility in the private sector and within HII,
with an emphasis on support to the defense and federal civilian
markets.
“We are incredibly excited about what we have
accomplished and what we plan to deliver to our customers going
forward,” Schwartz said. “We have some of the most talented
engineers, scientists, analysts, and technicians in the world
working on helping our government solve some of its most important
challenges. We look forward to leading the charge in changing how
innovative solutions are provided to our government customers,
particularly in the ISR and military simulation and training
markets, while continuing to build on the legacy of over a century
of cutting-edge naval shipbuilding and decades of fleet sustainment
excellence.”
The three Technical Solutions business groups are
now:
Defense and Federal Solutions,
focused on solving tough national security challenges for the
Department of Defense, the intelligence community, federal civilian
agencies, and commercial customers around the globe. The group’s
expertise includes maritime fleet sustainment; intelligence,
surveillance and reconnaissance; cyber operations; secure
enterprise information technology engineering and operations;
advanced modeling, simulation and training; and logistics
management.
Unmanned Systems, creating
advanced unmanned maritime solutions for defense, marine research
and commercial applications. Serving customers in more than 30
countries, Unmanned Systems provides design, autonomy,
manufacturing, testing, operations and sustainment of unmanned
systems, including unmanned underwater vehicles and unmanned
surface vessels.
Nuclear and Environmental
Services, supporting the national security mission of the
Department of Energy through the management and operation of
national nuclear laboratories, as well as environmental remediation
at legacy cleanup sites. Through decades of experience in safe
nuclear operations, the group is also postured to serve the growing
commercial nuclear power plant decommissioning market.
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 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, visit:
- HII on the web: www.huntingtoningalls.com
- HII on Facebook:
www.facebook.com/HuntingtonIngallsIndustries
- HII on Twitter: twitter.com/hiindustries
- HII on YouTube: www.youtube.com/huntingtoningalls
- HII on Instagram: www.instagram.com/huntingtoningalls
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; our
ability to execute our strategic plan, including with respect to
share repurchases, dividends, capital expenditures and strategic
acquisitions; adverse economic conditions in the United States and
globally; health epidemics, pandemics and similar outbreaks,
including the COVID-19 pandemic; 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. This release
also contains non-GAAP financial measures and includes a GAAP
reconciliation of these financial measures. Non-GAAP financial
measures should not be construed as being more important than
comparable GAAP measures.
Contact:
Beci BrentonBeci.Brenton@hii-co.com(202)
264-7143
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