This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Multimedia Release -- Newport News Shipbuilding Opens New Submarine Facility

Stocks in this article: HII

NEWPORT NEWS, Va., Aug. 24, 2012 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding (NNS) division opened a new, 65,000-square-foot facility, called the Supplemental Module Outfitting Facility (SMOF), to facilitate the Virginia Class Submarine (VCS) Program's two-submarines-per-year build plan.

SMOF
A 410-ton unit that will be part of the submarine Illinois (SSN 786) broke the ribbon today on Newport News Shipbuilding's Supplemental Module Outfitting Facility (SMOF). The building will help to facilitate the Virginia Class Submarine (VCS) Program's two-submarines-per-year build plan.

A photo accompanying this release is available at http://media.globenewswire.com/hii/mediagallery.html?pkgid=14300

A video accompanying this release is available at http://www.globenewswire.com/newsarchive/hii/pages/news_releases.html?d=10003039

"In 2011, Congressional approval to move forward with the two-submarines-per-year build plan was achieved," said Chris Miner, NNS' VCS Program director. "This facility is a reflection that we've arrived, and we look forward to working with our partner, General Dynamics Electric Boat, to improve upon and increase the pace by which we equip our Navy with Virginia-class submarines."

The SMOF, which cost about $100 million, will be used to supplement the current Module Outfitting Facility (MOF) in building large modules for Virginia-class submarines. It includes four main bays for construction, as well as 17 specialized work spaces, offices and areas for lunch breaks. Partitioned rooms will supply space for machine tooling and other services within the same building, and flex rooms will offer quiet spaces for crew meetings, safety talks and conferences. Supervisors will also have access to portable offices on the shop floor, providing direct communication to employees.

"Employees are excited for the improved quality of life and easy access to services and materials," explained test electrician Dale Zink, who will move from the MOF to the SMOF. "Productivity is going to go up because there will be access for better communication from supervisor to employee because of the new layout."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs