EX-25.1 36 d96883dex251.htm EX-25.1 EX-25.1

EXHIBIT 25.1

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

 

 

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939

OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

 

 

☐

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b) (2)

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

 

 

A National Banking Association   94-1347393

(Jurisdiction of incorporation or

organization if not a U.S. national bank)

  

(I.R.S. Employer

Identification No.)

101 North Phillips Avenue
Sioux Falls, South Dakota		   57104
(Address of principal executive offices)   (Zip code)

Wells Fargo & Company

Law Department, Trust Section

MAC N9305-175

Sixth Street and Marquette Avenue, 17th Floor

Minneapolis, Minnesota 55479

(612) 667-4608

(Name, address and telephone number of agent for service)

 

 

HUNTINGTON INGALLS INDUSTRIES, INC.

(Exact name of obligor as specified in its charter)

 

 

 

Delaware   90-0607005

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. Employer

Identification No.)

4101 Washington Avenue
Newport News, Virginia		   23607
(Address of principal executive offices)   (Zip code)

TABLE OF ADDITIONAL REGISTRANTS

 

Exact Name of Registrant Guarantor as specified in its Charter

   

State of Organization

   

I.R.S. Employer
Identification No.

Fleet Services Holding Corp.    Delaware    54-1946720
Fulcrum IT Services, LLC    Virginia    27-2398839
G2, Inc.    Maryland    52-2303495
HII Energy Inc.    Virginia    26-3545840
HII Fleet Support Group LLC    Delaware    54-1939565
HII Mechanical Inc.    Virginia    54-0793624
HII Mission Driven Innovative Government Solutions Inc.    Delaware    54-1339972
HII Mission Driven Innovative Solutions Holding Company    Delaware    81-1485592
HII Mission Driven Innovative Solutions Inc.    Delaware    06-1159755
HII Mission Driven Innovative Technical Services LLC    Alabama    30-0290292
HII Nuclear Inc.    Delaware    13-2635898
HII San Diego Shipyard Inc.    California    95-3647413
HII Services Corporation    Delaware    47-1929107
HII Technical Solutions Corporation    Delaware    81-4093439
HII Unmanned Maritime Systems, Inc.    Delaware    47-1812325
Huntington Ingalls Engineering Services, Inc.    Delaware    46-5604607
Huntington Ingalls Incorporated    Virginia    54-0318880
Huntington Ingalls Industries Energy and Environmental Services, Inc.    Delaware    46-4331677
Huntington Ingalls Unmanned Maritime Systems, Inc.    Delaware    47-1808444
Hydroid, Inc.    Delaware    51-0659798
Integrated Information Technology Corporation    Illinois    37-1278528
Newport News Nuclear Inc.    Virginia    11-3813378
Pegasus International, Inc.    Texas    76-0609200
The PTR Group, LLC    Virginia    54-1969575
Universal Ensco, Inc.    Texas    76-0013164
UniversalPegasus International Holdings, Inc.    Delaware    46-1032616
UniversalPegasus International, Inc.    Delaware    26-1809795
UP International, Inc.    Delaware    26-3435933
UP Support Services, Inc.    Delaware    26-1809856
Veritas Analytics, Inc.    Virginia    54-1932458

The address for each of the Additional Registrants is

 

c/o Huntington Ingalls Industries, Inc.

4101 Washington Avenue

Newport News, Virginia

   23607
(Address of principal executive offices)   (Zip code)

 

 

3.844% Senior Notes due 2025

Guarantees of 3.844% Senior Notes due 2025

4.200% Senior Notes due 2030

Guarantees of 4.200% Senior Notes due 2030

(Title of the indenture securities)

 

 

 

Item 1.

General Information. Furnish the following information as to the trustee:

 

  (a)

Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency

Treasury Department

Washington, D.C.

Federal Deposit Insurance Corporation

Washington, D.C.

Federal Reserve Bank of San Francisco

San Francisco, California 94120

 

  (b)

Whether it is authorized to exercise corporate trust powers.

The trustee is authorized to exercise corporate trust powers.

 

Item 2.

Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.

None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

 

Item 15.

Foreign Trustee. Not applicable.

 

Item 16.

List of Exhibits. List below all exhibits filed as a part of this Statement of Eligibility.

 

Exhibit 1.    A copy of the Articles of Association of the trustee now in effect.*
Exhibit 2.    A copy of the Office of the Comptroller of the Currency’s Certificate of Corporate Existence & Fiduciary Powers for Wells Fargo Bank, National Association, dated November 1, 2019.*
Exhibit 3.    A copy of the Office of the Comptroller of the Currency’s Certificate of Corporate Existence & Fiduciary Powers for Wells Fargo Bank, National Association, dated November 1, 2019.*
Exhibit 4.    A copy of By-laws of the trustee as now in effect.*
Exhibit 5.    Not applicable.
Exhibit 6.    The consent of the trustee required by Section 321(b) of the Act.*
Exhibit 7.    A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.
Exhibit 8.    Not applicable.
Exhibit 9.    Not applicable.

 

*

Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as an exhibit to a Form S-3AR filing of December 20, 2019 under file number 333-235649.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of York on the 29th day of October, 2020.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

/s/ Alexander Pabon

Alexander Pabon
Assistant Vice President

Exhibit 7

Consolidated Report of Condition of

Wells Fargo Bank National Association

of 101 North Phillips Avenue, Sioux Falls, SD 57104

And Foreign and Domestic Subsidiaries,

at the close of business June 30, 2020, filed in accordance with 12 U.S.C. §161 for National Banks.

 

            Dollar Amounts  
            In Millions  

ASSETS

      

Cash and balances due from depository institutions:

      

Noninterest-bearing balances and currency and coin

       $ 24,026  

Interest-bearing balances

       $ 234,953  

Securities:

      

Held-to-maturity securities

       $ 168,952  

Available-for-sale securities

       $ 220,190  

Equity Securities with readily determinable fair value not held for trading

       $ 295  

Federal funds sold and securities purchased under agreements to resell:

      

Federal funds sold in domestic offices

       $ 23  

Securities purchased under agreements to resell

       $ 69,768  

Loans and lease financing receivables:

      

Loans and leases held for sale

       $ 31,851  

Loans and leases held for investment

    $ 901,533     

LESS: Allowance for loan and lease losses

    $ 18,587     

Loans and leases held for investment, net of allowance

       $ 882,946  

Trading Assets

       $ 54,369  

Premises and fixed assets (including capitalized leases)

       $ 11,582  

Other real estate owned

       $ 190  

Investments in unconsolidated subsidiaries and associated companies

       $ 13,135  

Direct and indirect investments in real estate ventures

       $ 23  

Intangible assets

       $ 31,115  

Other assets

       $ 56,522  
     

 

 

  

Total assets

       $ 1,799,940  
     

 

 

  

LIABILITIES

      

Deposits:

      

In domestic offices

       $ 1,464,907  

Noninterest-bearing

    $ 522,621     

Interest-bearing

    $ 942,286     

In foreign offices, Edge and Agreement subsidiaries, and IBFs

       $ 36,301  

Noninterest-bearing

    $ 851     

Interest-bearing

    $ 35,450     

Federal funds purchased and securities sold under agreements to repurchase:

      

Federal funds purchased in domestic offices

       $ 10,047  

Securities sold under agreements to repurchase

       $ 6,465  

Trading liabilities

       $ 11,918  

Other borrowed money
(Includes mortgage indebtedness)

       $ 56,468  

Subordinated notes and debentures

       $ 12,503  

Other liabilities

       $ 32,879  
     

 

 

  

Total liabilities

       $ 1,631,488  

            Dollar Amounts  
            In Millions  

EQUITY CAPITAL

      

Perpetual preferred stock and related surplus

       $ 0  

Common stock

       $ 519  

Surplus (exclude all surplus related to preferred stock)

                            $ 114,730  

Retained earnings

       $ 51,212  

Accumulated other comprehensive income

       $ 1,959  

Other equity capital components

       $ 0  
     

 

 

  

Total bank equity capital

       $ 168,420  

Noncontrolling (minority) interests in consolidated subsidiaries

       $ 32  
     

 

 

  

Total equity capital

       $ 168,452  
     

 

 

  

Total liabilities, and equity capital

       $ 1,799,940  
     

 

 

  

I, John R. Shrewsberry, Sr. EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge

and belief.

John R. Shrewsberry

Sr. EVP & CFO    

We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

    Directors

Maria R. Morris

Theodore F. Craver, Jr.

Juan A. Pujadas