Photo Release — Huntington Ingalls Industries Announces First International Order for REMUS 300 UUVs

The Royal New Zealand Navy orders four REMUS 300 unmanned underwater vehicles for mine countermeasure and survey operations

NEWPORT NEWS, Va., June 21, 2021 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE: HII) announced today that the Royal New Zealand Navy has placed the first international order for four REMUS 300 unmanned underwater vehicles (UUVs).

"We are pleased New Zealand is upgrading their fleet with new REMUS 300 UUVs,” said Duane Fotheringham, president of the Unmanned Systems business group in HII’s Technical Solutions division. "Technology has progressed significantly over the past few years, and the REMUS 300 represents one of the most advanced man-portable UUVs on the market today. We look forward to continuing our long-standing relationship with the Royal New Zealand Navy.”

New Zealand has a fleet of six REMUS 100 UUVs that are used for mine countermeasures and underwater survey operations. The Royal New Zealand Navy has also used its REMUS vehicles for search and recovery, including locating the wreck of the Princess Ashika ferry in 2009 and assisting with the White Island volcano search effort in 2019.

"We have a fleet of six REMUS 100 UUVs we have been using consistently for the past 14 years,” said Captain Garin Golding, Royal New Zealand Navy. "The flexibility and modularity of the REMUS 300 will allow us to tailor the vehicles to specific missions, further augmenting our capabilities.”

A photo accompanying this release is available at: https://newsroom.huntingtoningalls.com/file/remus-300-new-zealand.

Designed for modularity and portability, the REMUS 300 can be reconfigured with a range of sensors and payloads to meet mission requirements. In addition to the four vehicles, New Zealand acquired high-definition camera modules and additional swappable battery modules. The sale was facilitated through New Zealand Ocean Technology, HII’s REMUS sales and in-country support partner. Delivery of the four REMUS 300s is expected by summer 2022.

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 41,000 people operating both domestically and internationally. For more information, visit:

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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 Brenton
Beci.Brenton@hii-co.com
(202) 264-7143