HII Names Daniel Marks Vice President of Contracts and Pricing at Ingalls Shipbuilding
Rhea-AI Summary
HII (NYSE: HII) named Daniel Marks vice president of contracts and pricing at Ingalls Shipbuilding, effective Jan. 26, 2026. Marks succeeds Stephen Fitts, who moved to vice president of supply chain management at Ingalls following Scott Weldon’s retirement at the end of December 2025 after 25 years of service. Marks will oversee contract administration, estimating and pricing, and export/import licensing and compliance, and will report to Keith Munn, Ingalls vice president of business management and CFO.
Marks joined HII in 2007 and has held roles including cost estimating manager, finance manager, LPD business manager, and director of business management.
Positive
- Internal succession: Marks promoted from within HII after 2007 hire
- Continuity: Marks has held multiple Ingalls business management roles
Negative
- Loss of tenure: Scott Weldon retired after 25 years at the company
News Market Reaction – HII
In the Jan 27 session, HII gained 2.23%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jan 21 | Sea trials completed | Positive | +1.7% | Completion of builder’s sea trials for USS Zumwalt after modernization work. |
| Jan 20 | Contract opportunity | Positive | -2.4% | Selection to compete on 10-year, $25.4B ATSP5 microelectronics IDIQ contract. |
| Jan 13 | Major IDIQ award | Positive | +3.4% | Award of SHIELD IDIQ contract with $151B ceiling from Missile Defense Agency. |
| Jan 13 | Tech demonstration | Positive | +3.4% | Successful Sea Launcher test for automated launch and recovery of REMUS AUV. |
| Jan 12 | Facility expansion | Positive | +2.9% | 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.
Recent contract and technology announcements were mostly met with positive price reactions, though there was one notable divergence on a large contract opportunity.
Over recent weeks, HII reported several operational and contract milestones. On Jan. 12–13, 2026, the company highlighted a new Portchester, U.K. unmanned facility, a SHIELD IDIQ contract with a $151 billion ceiling, and a Sea Launcher demonstration, with next-day moves between +2.91% and
AI-generated analysis. How Rhea-AI works. Not financial advice.
PASCAGOULA, Miss., Jan. 26, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that Daniel Marks has been appointed vice president of contracts and pricing at its Ingalls Shipbuilding division. Marks succeeds Stephen Fitts, who has been appointed vice president of supply chain management at Ingalls and is succeeding Scott Weldon who retired at the end of December 2025 after 25 years of service to the company.
In this role, Marks will be responsible for contract administration, estimating and pricing, and export/import licensing and compliance for Ingalls. He will report to Keith Munn, Ingalls vice president of business management and chief financial officer.
“Daniel has played a pivotal role in several key business transactions over the course of his career, demonstrating his outstanding business acumen and unwavering commitment to advancing our company’s success,” Munn said. “His leadership and experience make him exceptionally well-suited for this critical role, and I am confident he will build upon the strong foundation established under Stephen’s leadership, ensuring we continue to deliver value to our Navy customer.”
An image accompanying this release is available at: http://hii.com/news/hii-names-daniel-marks-vice-president-of-contracts-and-pricing-at-ingalls-shipbuilding/.
Marks began his career at HII in 2007 as an analyst in cost estimating. Since then, he has held positions of increasing responsibility, including cost estimating manager, finance manager, LPD business manager and director of business management.
Daniel holds a bachelor’s degree in business administration from Millsaps College and a master’s in business administration from the University of Southern Mississippi.
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 135-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:
Kimberly Aguillard
Kimberly.K.Aguillard@HII-co.com
(228) 355-5663
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6c1e5586-7cab-4396-af18-dd0f2640cc8a
