GULFPORT, MS (WLOX) - Huntington Ingalls Industries has announced it is closing its Gulfport facility by May 2014.
"This is a difficult but necessary decision," said Huntington Ingalls President and CEO Mike Petters.
Petters goes on to say the closure of the Gulfport Composite Center of Excellence is necessary because of a reduction in Zumwalt-class, or DDG 1000, ship construction. He also points to the recent U.S. Navy decision to use steel products on Lyndon B. Johnson, DDG 1002, ships.
"There is both limited and declining Navy use for composite products from the Gulfport Facility," added Petters.
Current work underway in Gulfport is expected to be complete by the end of the first quarter of 2014.
The May closure is expected to impact 427 employees. According to a news release sent to our WLOX Newsroom, those employees will either be let go, or transferred to another facility.