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

Photo Release -- Ingalls Shipbuilding Delivers DDG 1001 Aft PVLS To U.S. Navy

Stocks in this article: HII

PASCAGOULA, Miss., July 24, 2013 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries' (NYSE:HII) Ingalls Shipbuilding division announced today it has delivered the final aft peripheral vertical launch system (PVLS) assemblies to the U.S. Navy for the Zumwalt-class destroyer Michael Monsoor (DDG 1001). The two units for the PVLS were delivered a week early.

Aft Peripheral Vertical Launch System (PVLS) Delivered
Marty Capalbo (seated, left) and John Broderick (seated, right) sign the paperwork transferring ownership of the final aft peripheral vertical launch system (PVLS) components for the DDG 1000-class destroyer Michael Monsoor (DDG 1001) from Ingalls Shipbuilding to the U.S. Navy during a ceremony Wednesday. Capalbo is the DDG 1000 configuration manager for Supervisor of Shipbuilding (SUPSHIP) Gulf Coast; Broderick is Ingalls' DDG 1000 systems integration manager. Also present are (left to right) Jason Frioux, PVLS program manager, Ingalls; Chip Stargardt, Quality Assurance, SUPSHIP; D.R. Clark, PVLS ship superintendent, Ingalls; and Zachery Michini, production controller, SUPSHIP. Photo by Steve Blount

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=20075

"Our shipbuilders have done an outstanding job in incorporating lessons learned from the first aft PVLS products," said Ingalls DDG 1000 Program Manager Steve Sloan. "Delivering these products a week early demonstrates smart shipbuilding by using previous experiences to integrate an improved plan to do it better the second time around. With a constant focus on safety and quality, our shipbuilders have done outstanding work on these units."

General Dynamics' Bath Iron Works is building the DDG 1001 hull, while Ingalls is building the PVLS assemblies in Pascagoula and the composite hangar and deckhouse at the company's composite center of excellence in Gulfport. The PVLS distributes the missile launchers for the destroyer in separate four-cell launcher compartments along the ship's hull. It is an alternative to the traditional centralized missile magazines found on DDG 51-class ships. The PVLS launcher configuration was chosen to significantly enhance the ship's survivability.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,754.20 +76.30 0.46%
S&P 500 1,959.42 +8.60 0.44%
NASDAQ 4,469.1280 +16.3360 0.37%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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