HII Marks One Year of Newport News Shipbuilding Charleston Operations
HII (NYSE: HII) marked one year of Newport News Shipbuilding Charleston Operations in Goose Creek, S.C., after an asset acquisition closing in January 2025.
Sentiment and the balance of points
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Rhea-AI Summary
HII (NYSE: HII) marked one year of Newport News Shipbuilding Charleston Operations in Goose Creek, S.C., after an asset acquisition closing in January 2025. The site delivered its first unit within the first 40 days as NNS Charleston Operations and has exceeded 2025 production targets while ramping submarine and carrier work. The facility sits on 45 acres with > 480,000 sq ft of covered manufacturing space, offers barge and rail access, and capacity to expand. HII is pursuing a distributed shipbuilding model, partnering with 23 shipyards and fabricators and evaluating adding another U.S. shipyard to increase throughput.
Positive
- Delivered first unit within 40 days of acquisition
- Exceeded production targets for 2025
- Facility spans 45 acres with > 480,000 sq ft covered manufacturing
- Partnered with 23 shipyards and fabricators to expand capacity
- Distributed shipbuilding initiative to increase submarine and carrier throughput
Negative
- None.
Details
News Market Reaction – HII
On Jan 23, the first trading day after this news, HII closed 1.31% below the previous close.
Data tracked by StockTitan Argus for the Jan 23 session.
Key Figures
- Share price
- $424.14
- Pre-news price on 2026-01-22
- 52-week range
- $158.88–$432.00
- 52-week low and high before article
- Market cap
- $16586569323
- Equity value before this news
- First unit delivery time
- 40 days
- Time to deliver first unit at NNS Charleston Operations
- Site size
- 45 acres
- NNS Charleston Operations footprint along the Cooper River
- Manufacturing space
- 480,000 square feet
- Covered manufacturing area at NNS Charleston Operations
- External partnerships
- 23 shipyards and fabricators
- Partners beyond HII’s traditional labor market
- Price vs 52-week high
- -1.82%
- Distance from 52-week high pre-news
Historical Context
-
Completion of builder’s sea trials for USS Zumwalt after modernization.
-
Mission Technologies named on 10-year, $25.4B ATSP5 IDIQ contract.
-
Award of SHIELD IDIQ with $151B ceiling from Missile Defense Agency.
-
Successful Sea Launcher ship-based automated REMUS UUV launch and recovery.
-
Doubling of Portchester U.K. unmanned facility to support REMUS and ROMULUS.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
distributed shipbuilding technical
maritime ecosystem technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
GOOSE CREEK, S.C., Jan. 22, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) today marked one year of Newport News Shipbuilding (NNS) Charleston Operations in Goose Creek. The company hosted community and Navy leaders at the facility and a town hall event for all NNS Charleston Operations shipbuilders.
“Today, we celebrate our teammates here in South Carolina for the incredible difference you are making and will continue to make,” NNS President Kari Wilkinson said. “Whether you work in South Carolina or Virginia, we are one team on an important mission with the power to change the course of history — one component, one unit, one module, one boat or one ship at a time.”
Since the asset acquisition closing in January 2025, NNS has continued to ramp up production at this important facility in support of its U.S. Navy programs. The South Carolina team was able to deliver its first unit within the first 40 days as NNS Charleston Operations, and has exceeded production targets for 2025.
Photos accompanying this release are available at: http://hii.com/news/hii-marks-one-year-of-newport-news-shipbuilding-charleston-operations/.
“You are crucial as we continue to ramp up submarine and carrier shipbuilding,” Rear Adm. Jonathan Rucker, program executive officer, attack submarines, told shipbuilders at the town hall. “Part of increasing shipbuilding is what we call distributed shipbuilding or outsourcing, (which means) leveraging the people here and those around the country to be able to increase our capacity to build the submarines and aircraft carriers and ships that our nation needs. I can’t thank you enough for what you do day in and day out.”
NNS Charleston Operations is located on 45 acres along the Cooper River with more than 480,000 square feet of covered manufacturing space. It is strategically located within South Carolina’s rapidly growing maritime ecosystem, having both barge and rail access, capacity to expand, and growing access to the highly skilled maritime trades workforce.
The work underway in South Carolina is part of HII’s distributed shipbuilding initiative to increase shipbuilding throughput and meet the increased demand for ships. In addition to NNS Charleston Operations, HII is partnering with 23 shipyards and fabricators beyond the company’s traditional labor market. HII also forged partnerships with international manufacturers to explore meaningful ways to expand capacity, including evaluation of adding an additional shipyard in the U.S.
About HII
HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.
As the nation’s largest military shipbuilder, and with a more than 140-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
- HII on the web: https://www.HII.com/
- HII on Facebook: https://www.facebook.com/TeamHII
- HII on X: https://www.twitter.com/WeAreHII
- HII on Instagram: https://www.instagram.com/WeAreHII
Contact:
Todd Corillo
Todd.T.Corillo@hii-co.com
(757) 688-3220
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2d7b1d82-7887-4766-9b84-1b7dc3396046
FAQ
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