Welcome to our dedicated page for Huntington Ingalls Inds news (Ticker: HII), a resource for investors and traders seeking the latest updates and insights on Huntington Ingalls Inds stock.
News for Huntington Ingalls Industries, Inc. (HII) centers on its role as a global, all-domain defense provider and the nation’s largest military shipbuilder. Coverage highlights how HII’s shipbuilding divisions and Mission Technologies business support U.S. and allied defense priorities through advanced surface combatants, nuclear-powered submarines, unmanned systems and integrated defense technologies.
Readers can follow updates on major shipbuilding milestones, such as delivery of Arleigh Burke-class destroyers like Ted Stevens (DDG 128), construction progress on Virginia-class submarines such as Oklahoma (SSN 802), and work on aircraft carriers and Zumwalt-class destroyers. News also covers new contracts and design awards, including HII’s selection to design and build the U.S. Navy’s future small surface combatant based on the Legend-class national security cutter.
The HII news flow also reflects the company’s growing unmanned and autonomy portfolio. Articles detail developments in the REMUS family of unmanned underwater vehicles, ROMULUS unmanned surface vessels powered by the Odyssey Autonomous Control System, and demonstrations of automated launch and recovery systems such as Sea Launcher. Expansion of unmanned operations in Europe, including the enlarged Portchester, U.K. facility, and participation in international frameworks like AUKUS also feature prominently.
Investors and defense observers can track mission technologies and missile defense work, including HII’s Mission Technologies division being awarded a position on the Missile Defense Agency’s SHIELD contract vehicle, opening opportunities in directed energy, command and control integration, cyber, microelectronics and live/virtual/constructive training. Regular visits from senior U.S. and allied defense leaders to HII’s shipyards, along with updates on workforce initiatives, industrial base investments and distributed shipbuilding, provide additional context on how HII supports long-term naval and security objectives. Bookmark this page for an organized view of contract awards, program milestones and strategic partnerships affecting HII.
HII's Newport News Shipbuilding - Charleston Operations will host a media event at its Goose Creek, South Carolina facility on March 04, 2025. This appears to be a standard media visit announcement without disclosure of any business-relevant information.
HII (NYSE: HII) has secured a $70 million task order from the U.S. Air Force Life Cycle Management Center's Engineering Directorate. The five-year contract tasks HII's Mission Technologies division with protecting U.S. Air Force systems and software through vulnerability identification and mitigation.
The scope includes implementing government-mandated information security requirements prescribed by the Federal Information Security Modernization Act and other DoD directives. Work will be performed primarily at Hanscom Air Force Base in Bedford, Massachusetts.
The contract was awarded under the Department of Defense Information Analysis Center's multiple-award contract vehicle through the U.S. Air Force's 774th Enterprise Sourcing Squadron.
HII (NYSE: HII) has announced its participation in Citi's Global Industrial Tech and Mobility Conference scheduled for February 18, 2025. The event will feature a conversation with HII President and CEO Chris Kastner, beginning at 7:10 a.m. Eastern time. Interested parties can access the webcast through the company's investor relations website at ir.hii.com.
HII's Ingalls Shipbuilding has awarded $95,600 in STEM grants to 22 local schools and educational organizations. The grants, which provide up to $5,000 per project, will support various hands-on projects, classroom technology enhancements, and STEM-focused curriculums across the Gulf Coast region.
The program attracted over 90 applications this grant cycle. Projects include coding initiatives, robotics programs, 3D printing projects, and virtual reality implementations. The next application cycle will open in August 2025 for the 2025-2026 academic year.
This initiative is part of Ingalls Shipbuilding's broader community outreach and workforce development efforts, aiming to build a foundation for future engineers, shipbuilders, and industry leaders through partnerships with local schools, community colleges, and technical institutions.
HII (NYSE: HII) reported fourth quarter 2024 revenues of $3.0 billion, down from $3.2 billion in Q4 2023, with decreases across all segments. Full-year 2024 revenues reached $11.5 billion, showing less than 1% growth over 2023. The company's Q4 diluted EPS was $3.15, compared to $6.90 in Q4 2023, while full-year EPS decreased to $13.96 from $17.07 in 2023.
Segment operating margin declined to 3.4% in Q4 2024 from 10.4% in Q4 2023, primarily due to lower performance at Newport News Shipbuilding. The company secured new contract awards worth $12.1 billion in 2024, maintaining a robust backlog of $48.7 billion. Notable achievements included the delivery of Virginia-class submarine New Jersey and amphibious transport dock Richard M. McCool Jr., while Mission Technologies secured contracts valued at over $12 billion.
HII's Ingalls Shipbuilding has opened a new virtual reality (VR) welding lab at its Pascagoula shipyard, marking a significant advancement in shipbuilder training. The facility, developed in partnership with the U.S. Navy, Accelerate Mississippi, and Mississippi Gulf Coast Community College (MGCCC), integrates VR technology into the existing welder certification curriculum.
This initiative is part of broader workforce development efforts, funded through federal and state partnerships, aimed at enhancing shipbuilding skills training. The lab's establishment follows a significant multi-year contract awarded by the U.S. Navy in August 2023 for the construction of six Flight III Arleigh Burke-class destroyers, with options for additional vessels. The contract includes funding for workforce development initiatives like virtual learning labs.
HII has announced the promotion of Derek Murphy to vice president of new construction aircraft carriers at its Newport News Shipbuilding division. In his new role, Murphy will oversee the production of three aircraft carriers: John F. Kennedy (CVN 79), Enterprise (CVN 80), and Doris Miller (CVN 81).
Murphy, who joined the company in 2002, brings significant experience from both HII shipyards and the U.S. Navy. He previously served as an aviation program manager for EA-6B and EA-18G programs, held various positions at Ingalls Shipbuilding, and most recently served as program director on John F. Kennedy (CVN 79). He is a U.S. Navy veteran with 20 years of experience as a naval flight officer for carrier-based aircraft.
HII (NYSE:HII) has announced that its Board of Directors has declared a quarterly cash dividend of $1.35 per share. The dividend will be paid on March 14, 2025, to shareholders who are on record as of the close of business on February 28, 2025.
HII's Ingalls Shipbuilding division has commenced fabrication of the San Antonio-class amphibious transport dock Philadelphia (LPD 32), marking the first 100 tons of steel cut for the ship. As the sole provider of LPD 17 San Antonio-class ships, Ingalls has already delivered LPDs 17 through 29 and currently has three Flight II LPDs under construction: Harrisburg (LPD 30), Pittsburgh (LPD 31), and Philadelphia (LPD 32).
In September 2024, the Navy awarded Ingalls a contract for three additional San Antonio Class LPD ships (LPD 33, 34, and 35). The LPD Flight II vessels will replace the Whidbey Island and Harpers Ferry classes of dock landing ships, serving as part of the Navy's 21st century expeditionary force for amphibious and crisis response operations.
HII (NYSE: HII) has secured a significant task order worth approximately $296 million through its Mission Technologies division. The five-year Consolidated Mission Support task order, awarded by the Air Force Installation Contracting Center's 764 Enterprise Sourcing Squadron, involves supporting U.S. Air Forces in Europe-Air Forces in Africa's (USAFE-AFAFRICA) global air and space operations.
The company will provide technical and analytical services for command and control, integrated air and missile defense, and intelligence, surveillance and reconnaissance (ISR). This task order expands upon HII's existing work under the Persistent Multi-Role Operations (PMRO) contract. HII's support extends across 74 countries, working with U.S. DOD commands and allied nations to strengthen national defense capabilities.