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Huntington Ingalls Industries (HII) Stock News, Nov-Dec 2024

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Huntington Ingalls Industries, Inc. reports developments across U.S. military shipbuilding and defense mission technologies. The company’s Ingalls Shipbuilding division builds non-nuclear surface ships such as Arleigh Burke-class guided missile destroyers and supports new frigate work, while Newport News Shipbuilding builds nuclear-powered aircraft carriers and participates in U.S. submarine programs.

Recurring HII news includes U.S. Navy contract awards, ship deliveries and sea-trial milestones, distributed shipbuilding initiatives, workforce pipelines through shipyard academies and apprenticeships, quarterly earnings, and cash dividends. Mission Technologies updates cover unmanned and autonomous maritime platforms, including REMUS unmanned underwater vehicles, and defense capabilities tied to C6ISR, artificial intelligence and machine learning, electronic warfare, and synthetic training.

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HII's Ingalls Shipbuilding division has successfully undocked the USS Zumwalt (DDG 1000), marking a significant milestone in the ship's modernization process. The lead ship of the Navy's Zumwalt-class guided missile destroyers underwent substantial upgrades since August 2023, including the integration of the Conventional Prompt Strike (CPS) weapon system and replacement of its original twin 155mm Advanced Gun Systems with new missile tubes.

The Zumwalt-class destroyers are equipped with advanced features including an electric propulsion system, wave-piercing tumblehome hull, stealth design, and cutting-edge warfighting technology. These vessels are designed to perform various missions including deterrence, power projection, sea control, and command and control operations.

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HII (NYSE: HII) has secured a significant $6.7 billion contract to provide electronic warfare engineering and technical services support for the U.S. Air Force. This indefinite delivery/indefinite quantity contract marks the largest ever awarded to HII's Mission Technologies division. The contract, which was initially announced during HII's third quarter earnings call on October 31, 2024, will focus on electromagnetic spectrum and electronic warfare support services.

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HII (NYSE: HII) has announced a definitive agreement to acquire the assets of W International, a South Carolina-based complex metal fabricator specializing in shipbuilding structures. The Goose Creek facility will operate under HII's Newport News Shipbuilding division, supporting the construction of nuclear-powered submarine and aircraft carrier modules for U.S. Navy programs.

The acquisition includes advanced production facilities with state-of-the-art equipment on a 45-acre site featuring over 480,000 square feet of manufacturing space, with barge and rail access. The facility will be renamed Newport News Shipbuilding - Charleston Operations, with Matt Needy appointed as general manager. The transaction is expected to close in Q4 2024, subject to regulatory approvals and contractual modifications.

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HII's Newport News Shipbuilding division will christen the Virginia-class submarine Arkansas (SSN 800) on December 7. The event will be livestreamed at www.HII.com/SSN800. A media preview day is scheduled for December 6, offering opportunities to speak with NNS and Navy leadership, Arkansas shipbuilders, and the submarine's sponsors. Arkansas represents the 27th Virginia-class submarine, recognized as the world's most advanced attack submarine with enhanced firepower, maneuverability, and stealth capabilities. Newport News Shipbuilding is one of only two shipyards capable of designing and building nuclear-powered submarines for the U.S. Navy.

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HII's Ingalls Shipbuilding authenticated the keel of Arleigh Burke-class guided missile destroyer Sam Nunn (DDG 133). The ship, named after former U.S. Senator Samuel Augustus Nunn Jr., is the fifth Flight III destroyer under construction at Ingalls. The ceremony featured the ship's sponsor Michelle Nunn, who welded her initials onto a steel plate with her father and Ingalls Structural Welder Adam Lee. The Flight III destroyers include enhanced capabilities with AN/SPY-6(V)1 Air and Missile Defense Radar and Aegis Baseline 10 Combat System, designed to address 21st-century threats.

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HII's Newport News Shipbuilding division has been awarded the 2024 Governor's Volunteerism & Community Service Award by Virginia Gov. Glenn Youngkin. The division, which is the largest industrial employer in Virginia, was recognized for its community service initiatives. NNS shipbuilders contribute thousands of volunteer hours annually through various activities including American Red Cross blood drives, Virginia Peninsula Foodbank support, and Habitat for Humanity projects. Since 2002, they've helped build 21 homes. The division also runs STEM mentoring programs like GEMS and YEM, providing guidance to middle school students and offering career awareness programs for high school students in maritime careers.

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HII's Ingalls Shipbuilding division hosted Gen. Eric Smith, the 39th commandant of the U.S. Marine Corps, for his first visit since the Navy's announcement of the amphibious multi-ship procurement contract. The contract includes construction of three San Antonio-class amphibious ships (LPD 33-35) and the America-class ship Helmand Province (LHA 10). The shipyard currently has multiple vessels under construction, including Bougainville (LHA 8) and Harrisburg (LPD 30). To date, Ingalls has delivered 13 San Antonio-class ships and 15 large-deck amphibious ships to the U.S. Navy.

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HII's Newport News Shipbuilding division has successfully moved the mid-body hull section of the Gerald R. Ford-class aircraft carrier Enterprise (CVN 80), enabling concurrent assembly of two aircraft carriers in the same dry dock. The operation involved flooding the dock with over 100 million gallons of water for Enterprise's first float. The shipyard plans to begin assembling Doris Miller (CVN 81) in early next year, marking a historic first for simultaneous construction of two Gerald R. Ford-class carriers. Enterprise is notably the first aircraft carrier designed and built entirely using digital tools, with visual work instructions on laptops and tablets replacing traditional paper drawings.

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HII, America's largest military shipbuilder, is celebrating National Apprenticeship Week (Nov. 17-23) across its three divisions. The company offers comprehensive apprenticeship programs, including the Newport News Shipbuilding Apprentice School (founded 1919), Mission Technologies' three specialized programs, and Ingalls Shipbuilding's Apprentice School (since 1952).

These tuition-free programs combine hands-on training with classroom instruction, offering competitive wages and benefits. The Newport News school provides 19 trades and 7 optional programs, while Mission Technologies focuses on nuclear, environmental services, and fleet sustainment. HII invests over $110 million annually in workforce development, education, and training initiatives.

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HII's Newport News Shipbuilding division has completed the post-shakedown availability (PSA) work on the USS Montana (SSN 794), a Virginia-class fast attack submarine, and redelivered it to the U.S. Navy. The PSA included combat systems and electronics upgrades, along with general maintenance. USS Montana, the 21st Virginia-class submarine and 10th delivered by Newport News Shipbuilding, was originally commissioned on June 25, 2022, at Naval Station Norfolk.

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FAQ

What is the current stock price of Huntington Ingalls Industries (HII)?

The current stock price of Huntington Ingalls Industries (HII) is $263.75 as of October 6, 2026.

What is the market cap of Huntington Ingalls Industries (HII)?

The market cap of Huntington Ingalls Industries (HII) is approximately 10.4B.