Huntington Ingalls Industries, Inc. (NYSE:HII) President and CEO Mike Petters has been elected to the board of directors for the U.S. Naval Academy Foundation. He will serve a four-year term.

The mission of the U.S. Naval Academy Foundation is "to support, promote and advance the mission of the Naval Academy by working in conjunction with Academy leadership to identify strategic institutional priorities, and by raising, managing and disbursing private gift funds that provide a margin of excellence in support of the nation's premier leadership institution."

Mr. Petters earned a bachelor's degree in physics from the U.S. Naval Academy in 1982 and went on to serve as an officer on the submarine USS George Bancroft (SSBN 643) and in the U.S. Naval Reserve. He joined Newport News Shipbuilding in 1987 and held a number of increasingly responsible positions throughout the organization, including vice president of aircraft carrier programs, vice president of contracts and pricing, vice president of human resources, and president of Northrop Grumman Newport News and Northrop Grumman Shipbuilding.

He assumed the role of president and CEO on March 31, when Northrop Grumman Shipbuilding began operating as the newly formed and publicly owned Huntington Ingalls Industries in a spin-off from Northrop Grumman Corp.

Mr. Petters also serves on the board of directors for HII and the Naval Aviation Museum Foundation, on the distinguished advisory board for the Dolphin Scholarship Foundation, and on the advisory council for the Naval Historical Foundation.

October 31, 2011