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Home > HII, CLNO, TDC, CY, CPWR - Stock Review From CRWEWallStreet.com!

HII, CLNO, TDC, CY, CPWR - Stock Review From CRWEWallStreet.com!

October 3rd, 2011 at 02:05 pm

















For 125 years, the ships built at Newport News Shipbuilding, like the American shipbuilders who built them, have served our nation in peace and war, in times of adversity and in times of abundance. Our legacy of "Always Good Ships" includes the design, construction, overhaul and repair of more than 800 ships for the U.S. Navy and commercial customers.

Today, Newport News Shipbuilding, a division of Huntington Ingalls Industries, is the birthplace of the U.S. Navy's nuclear fleet. We are the nation's sole designer, builder and refueler of nuclearpowered aircraft carriers and one of only two shipyards capable of designing and building nuclear-powered submarines. We also provide fleet services for naval ships and have recently expanded our nuclear and manufacturing expertise into Department of Energy and alternative energy business ventures.

Headquartered in Newport News, Virginia, the shipyard's vast facilities span more than 550 acres along two miles of waterfront on the historic James River. We are the largest industrial employer in Virginia, employing nearly 19,000 people, many of whom are third and fourth generation shipbuilders.








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 full article and disclaimer at: http://crwewallstreet.com/?p=21587

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