Huntington Ingalls Industries Subsidiary AMSEC LLC Partners With HHIC Holdings Co., Ltd. - MarketWatch
So this ensures Philippines will see heavy US warship traffic.
In some complicated deal, the US Navy warships deployed in western Pacific will be repaired and serviced by a Korean shipyard one of whose work site is located in Philippines.Huntington Ingalls Industries Subsidiary AMSEC LLC Partners With HHIC Holdings Co., Ltd.
VIRGINIA BEACH, Va., Apr 18, 2012 (GlobeNewswire via COMTEX) -- Huntington Ingalls Industries HII +2.91% announced today that its subsidiary AMSEC has signed an agreement with Hanjin Heavy Industries and Construction Philippines, Inc. (HHIC-PHIL), a subsidiary of HHIC Holdings Co., Ltd. to work together in providing maintenance, repair and logistics services to the U.S. Navy and other customers in the western Pacific region.
The agreement with HHIC-PHIL allows AMSEC to benefit from Hanjin's state-of-the art shipyard at Subic Bay, Philippines, and accelerate Hanjin's growth into the maintenance, repair and logistics services as the U.S. Navy increases focus in the Western Pacific region.
"It's great that AMSEC's relationship with HHIC-PHIL has been firmly established," said Harris Leonard, HII vice president and president of AMSEC operations. "I am confident this important step will expand our efforts in providing quality technical services to our most important customer, the U.S. Navy, wherever they may be operating."
So this ensures Philippines will see heavy US warship traffic.