HII Delivers Amphibious Transport Dock Fort Lauderdale (LPD 28) to U.S. Navy

Rhea-AI Summary

On March 18, 2022, HII (NYSE:HII) announced the delivery of the Fort Lauderdale (LPD 28) to the U.S. Navy, marking the 12th San Antonio-class ship delivered by the company. This amphibious transport dock is vital for the Navy's expeditionary force, supporting various missions, including crisis response and humanitarian assistance. The delivery ceremony took place on March 11, involving shipbuilders and Navy representatives. HII continues to progress with other San Antonio-class ships, including Richard M. McCool Jr (LPD 29) and Harrisburg (LPD 30).

Positive

• Delivery of Fort Lauderdale enhances HII's reputation in naval shipbuilding.
• Continued construction of additional San Antonio-class ships indicates strong future revenue potential.

Negative

• None.

PASCAGOULA, Miss., March 18, 2022 (GLOBE NEWSWIRE) -- Global engineering and defense technologies provider HII (NYSE:HII) announced today that the company’s Ingalls Shipbuilding division has delivered amphibious transport dock Fort Lauderdale (LPD 28) to the U.S. Navy.

Fort Lauderdale is the 12th San Antonio-class ship delivered by HII. Amphibious transport docks are a major part of the Navy’s 21st century expeditionary force, deployed with a U. S. Marine Corps Air-Ground Task Force for amphibious and expeditionary crisis response operations that range from deterrence and joint-force enablement to humanitarian assistance and disaster relief.

“We at HII and Ingalls are honored to support our customer on the national security mission at the heart of this work,” said Kari Wilkinson, president of the Ingalls Shipbuilding. “Mindful of safety and quality, we are incredibly proud of the collaborative Navy-industry team that delivers this vital capability.”

Fort Lauderdale was delivered during a March 11 ceremony with shipbuilders, ship’s force and representatives of Supervisor of Shipbuilding Gulf Coast together in attendance. The signing of the DD 250 document officially transfers custody of the ship from HII to the Navy.

“What a great tradition to be part of,” said Steve Sloan, Ingalls LPD program manager. “This delivery event is the culmination of hard work and dedication of thousands of shipbuilders, industry partners from just about every state, as well as our Navy Supervisor of Shipbuilding, Gulf Coast, shipmates that worked with us each and every day to ensure Fort Lauderdale became a mission capable ship.”

Ingalls has additional San Antonio-class ships under construction, including Richard M. McCool Jr. (LPD 29) and Harrisburg (LPD 30), the latter of which is the first of the LPD Flight II ships, designed as the replacement for the aging Whidbey Island-class LSDs. Fabrication of the 15th San Antonio-class ship, Pittsburgh (LPD 31), will begin later this year.

LPD 28 is named Fort Lauderdale to honor the Florida city’s historic ties to the U.S. Navy, which date back to the 1830s and include an important naval training center during World War II.

A photo accompanying this news release is available at: https://newsroom.huntingtoningalls.com/file/fort-lauderdale-lpd-28.

HII is a global engineering and defense technologies provider. With a 135-year history of trusted partnerships in advancing U.S. national security, HII delivers critical capabilities ranging from the most powerful and survivable naval ships ever built, to unmanned systems, ISR and AI/ML analytics. HII leads the industry in mission-driven solutions that support and enable a networked, all-domain force. Headquartered in Virginia, HII’s skilled workforce is 44,000 strong. For more information, visit:

• HII on the web: https://www.hii.com/
• HII on Facebook: https://www.facebook.com/TeamHII
• HII on Twitter: https://www.twitter.com/wearehii
• HII on Instagram: https://www.instagram.com/wearehii

Contact:

Danny Hernandez
Danny.J.Hernandez@hii-co.com
(202) 580-9086

FAQ

What is the significance of the <em>Fort Lauderdale</em> delivery for HII?

The delivery enhances HII's reputation in naval shipbuilding and supports the U.S. Navy's operational capabilities.

When was the <em>Fort Lauderdale</em> delivered to the U.S. Navy?

The Fort Lauderdale was officially delivered on March 11, 2022.

What class does the <em>Fort Lauderdale</em> belong to?

The Fort Lauderdale is the 12th ship in the San Antonio-class.

How does the delivery of <em>Fort Lauderdale</em> affect HII's stock?

The successful delivery could positively influence HII's market perception and future contracts, potentially impacting its stock performance.

What other ships are under construction by HII?

HII is currently constructing Richard M. McCool Jr (LPD 29) and Harrisburg (LPD 30), among others.