Huntington Ingalls Inds Inc Stock Price, News & Analysis

HII announced that 15 of its employees across three divisions have been recognized at the 2024 annual Women of Color STEM Conference. The awards highlight their contributions to science, technology, engineering, and mathematics (STEM) fields. Recipients were honored in four categories: Special Achievement, Technology Rising Star, Top Women in Finance, and Technology All Star.

Notable awardees include Dr. Sondia Christian from Ingalls Shipbuilding (Special Achievement Award), Janice Hunter from Newport News Shipbuilding (Technology All Star Award), and Pamela Pierce from Newport News Shipbuilding (Top Women in Finance). Additionally, 12 HII employees were recognized as Technology Rising Stars.

HII's CEO, Chris Kastner, expressed pride in the employees' achievements, emphasizing their commitment to excellence in STEM and fostering diversity and innovation. The recognition underscores HII's dedication to developing and recognizing top talent in STEM fields and promoting an inclusive work environment.

HII's Mission Technologies division has been selected to lead one of four new microelectronics projects under the CHIPS and Science Act. The project, awarded in collaboration with the Silicon Crossroads Microelectronics Commons (SCMC) Hub, focuses on developing the first broadband Digital Direct Waveform Synthesizer (DDWS) solution. This highly programmable technology offers high-speed communication links, direct data acquisition, secure storage, and a root-of-trust processing environment.

The DDWS project aims to create a highly integrated, ruggedized, reliable, and low-size, weight, power and cost module for Department of Defense applications, including artificial intelligence and machine learning. HII will lead a team consisting of Purdue University, Marvell Government Solutions, NHanced Semiconductors, the Air Force Research Laboratory, and Naval Surface Warfare Center – Crane Division. The project is expected to advance performance in cognitive radar, electromagnetic warfare, intelligence, surveillance, reconnaissance, and electronic signal intelligence systems.

HII's Mission Technologies division has been awarded a $75 million task order by the U.S. Navy Naval Surface Warfare Center Dahlgren Division Dam Neck Activity. The contract is for systems engineering support for integrated training systems used onboard ships to enhance combat preparedness for sailors.

The HII team will create interfaces between live, virtual and constructive (LVC) networks and combat systems like the Aegis integrated naval weapons system. This will enable sailors to train at their shipboard weapons systems console, replicating combat situations whether the ship is underway or pierside. The team will also conduct modeling and simulation to support testing and readiness exercise performance and assessment.

The work will be performed in Virginia Beach, Va., building on HII's two decades of similar work for the U.S. Navy. This modern approach to military training aims to deliver a strategic advantage for the nation.

HII's Ingalls Shipbuilding division has successfully launched the first LPD Flight II, San Antonio-class amphibious transport dock ship Harrisburg (LPD 30). This marks a significant milestone in the ship's journey towards operational readiness. The Ingalls team moved Harrisburg from land to the company's floating dry dock using translation railcars and completed final prep work for launch.

Ingalls Shipbuilding President Kari Wilkinson emphasized the importance of this launch in supporting national security and fielding capability to U.S. Navy and Marine Corps partners. The launch follows a recent amphibious multi-ship procurement contract for three San Antonio-class ships (LPD 33-35) and a contract modification for the next America-class large-deck amphibious ship (LHA 10). Ingalls currently has two Flight II LPDs under construction, including Harrisburg (LPD 30) and Pittsburgh (LPD 31), with pre-construction activities underway for Philadelphia (LPD 32).

HII's Ingalls Shipbuilding division hosted its second annual Project MFG Maritime Welding Competition, featuring 19 local students from area high schools and career technical programs. The two-hour event tested contestants' welding proficiency, requiring them to follow precise instructions while demonstrating knowledge of welding techniques, safety procedures, and equipment handling.

The competition aimed to highlight the importance of skilled trades in manufacturing and encourage students to pursue careers critical to the nation's industrial base. Winners received prizes and all participants received contingent employment offers from Ingalls. The top two winners were invited to participate in Project MFG's National Maritime Championship in the spring.

First place went to Devin Chanthivong from Alma Bryant High School, who expressed surprise and excitement about his potential future at Ingalls. The event served as a platform for students to showcase their talents and for industry representatives to connect with emerging talent, emphasizing the significance of vocational education in meeting modern workforce demands.

HII's Newport News Shipbuilding (NNS) division is strengthening its partnership with Old Dominion University (ODU) by opening an onsite NNS office in ODU's Engineering Systems building. The collaboration focuses on engineering, business, technology, modeling and simulation, student engagement, and the future of shipbuilding.

This initiative builds upon NNS's role as the lead industry sponsor of the Monarch Accelerator Program to Engineering (MAP-to-E), which aims to increase engineering and engineering technology majors and degrees, particularly from underrepresented communities in Hampton Roads.

The new office allows ODU students to connect directly with NNS for internships, co-ops, full-time employment, professional development, and mentoring opportunities. Currently, over 22% of NNS's engineering workforce are ODU graduates. NNS also sponsors the NNS Scholars program, providing academic scholarships to qualified students in engineering, business, or computer science.

HII (NYSE: HII) hosted Gen. Charles Q. Brown Jr., chairman of the Joint Chiefs of Staff, at its Newport News Shipbuilding division. Brown emphasized the importance of maintaining warfighting skills and praised the collaboration between the Navy's shipbuilding team and defense industry partners. During his visit, Brown toured the John F. Kennedy (CVN 79), observed construction progress on Virginia- and Columbia-class submarine modules, and met with shipyard leadership.

Accompanied by Adm. William Houston and Vice Adm. Jim Downey, Brown's visit highlighted the critical role of nuclear-powered aircraft carriers and submarines in national security. NNS President Jennifer Boykin expressed gratitude for Brown's visit and reaffirmed the shipbuilders' commitment to supporting the Department of Defense. NNS is the sole designer, builder, and refueler of nuclear-powered aircraft carriers in the U.S. and one of only two shipyards capable of designing and building nuclear-powered submarines.

HII (NYSE: HII) announced that its Mission Technologies division has been awarded a task order to conduct research for enhancing navigation and autonomy technologies for the U.S. Air Force and broader Department of Defense. The research will be conducted at Wright-Patterson Air Force Base in Dayton, Ohio, focusing on three main areas:

• Autonomous and cooperative systems
• Non-GPS precision navigation
• Robust global navigation satellite system navigation/navigation warfare

The research findings will help identify and solve challenging problems in these areas and lay the groundwork for future technological advancements. Grant Hagen, president of Mission Technologies' Cyber, Electronic Warfare and Space business group, emphasized the vital importance of this work for the future of defense and its significant impact on future navigation methods.

HII (NYSE: HII) has announced that it will release its third quarter 2024 financial results on Thursday, Oct. 31. The company will host an earnings conference call at 9 a.m. Eastern time on the same day. The call will be webcast live on HII's website, and participants will include Chris Kastner, president and CEO, and Tom Stiehle, executive vice president and CFO.

Their remarks will be supplemented by a series of slides available on the company website. Listeners are encouraged to view these materials during the call. Replays of the call will be available on the website for a time.