updated 5/2/2011 1:16:39 PM ET 2011-05-02T17:16:39

NEWPORT NEWS, Va., May 2, 2011 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries, Inc. (NYSE:HII) announced today that Jim Taylor has been named corporate vice president, benefits and compensation. In this capacity he is responsible for formulating and maintaining competitive benefit and compensation programs for HII, including executive compensation, salary and wage administration, incentives, deferred compensation, health and welfare insurance and retirement benefits. He reports to Bill Ermatinger, corporate vice president and chief human resources officer.

Jim Taylor
Jim Taylor, corporate vice president, benefits and compensation




A photo accompanying this release is available at http://media.globenewswire.com/hii/mediagallery.html?pkgid=9606

"The goal of any benefits and compensation executive is to create programs that recognize, reward and motivate employees and stay competitive in the market," Ermatinger said. "Jim's long history in the HR industry and his recent experience in shipbuilding make him the ideal person for the job and for our nearly 38,000 employees."

Taylor has more than 37 years of leadership experience in the fields of compensation and benefits. He joined Northrop Grumman Shipbuilding in 2007 as the director of benefits, compensation and HRIS for Shipbuilding's Gulf Coast operations and subsequently took over sector-wide responsibilities in 2010. Prior to joining Shipbuilding, he held a similar post with Northrop Grumman's Aerospace Systems sector. Taylor also served as the corporate director for benefits, compensation and international compensation for Associates Financial Corp. before joining Northrop Grumman. Taylor earned a bachelor's degree in mathematics from Louisiana Technical University.

Huntington Ingalls Industries, America's largest military shipbuilder, was previously a business sector of Northrop Grumman Corp. until effectively separating on March 31 in a spinoff of the company to shareholders.

Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder. Employing nearly 38,000 in Virginia, Mississippi, Louisiana and California, its primary business divisions are Newport News Shipbuilding and Ingalls Shipbuilding. For more information, please visit www.huntingtoningalls.com .

The Huntington Ingalls Industries, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9418

CONTACT: Jerri Fuller Dickseski
         jerri.dickseski@hii-co.com
         757-380-2341

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