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Home > HII, CLNO, DSPG, ZHNE, MSFT - Market Review From DrStockPick.com!

HII, CLNO, DSPG, ZHNE, MSFT - Market Review From DrStockPick.com!

October 3rd, 2011 at 01:56 pm














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. Employing nearly 38,000 in Virginia, Mississippi, Louisiana and California, its primary business divisions are Newport News Shipbuilding and Ingalls Shipbuilding.








HII Wins Contract to Provide Maintenance on Nuclear Reactor Prototypes at Kesselring Research and Development Site






Huntington Ingalls Industries, Inc. (NYSE:HII) announced that its Newport News Shipbuilding (NNS) division has been awarded a contract by Bechtel Marine Propulsion Corp. (BMPC) to provide maintenance services at the Kenneth A. Kesselring Site in West Milton, N.Y., a research and development facility that supports the U.S. Navy's Nuclear Propulsion Program. NNS will serve as an industrial subcontractor, providing maintenance services on the two nuclear reactor prototypes at the Kesselring site.

"Newport News Shipbuilding's skill sets, experience and commitment align well with BMPC's need for the highest-quality maintenance services for its Kesselring site," said Kent Williams, NNS' director of nuclear overhaul engineering and Kesselring site director. "We are eager to partner with BMPC to provide maintenance assistance, drive site improvement and support the company's vision going forward."

NNS successfully competed against the incumbent for the contract. The cost-plus-fixed-fee, level-of-effort contract contains a five-year base period valued at $195 million with a five-year option valued at $395 million. A NNS management team will relocate to the Kesselring site in October to begin the transition period. Performance of prototype maintenance services is scheduled to begin in January 2012.

For more information, visit:

* HII on the web: www.huntingtoningalls.com

* HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries

* HII on Twitter: twitter.com/hiindustries

Read the full article and the disclaimer at: http://drstockpick.com/?p=22323

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