Huntington Ingalls Inds Inc Stock Price, News & Analysis

HII's Ingalls Shipbuilding division successfully completed builder’s sea trials for the guided missile destroyer Jack H. Lucas (DDG 125). The ship underwent various tests in the Gulf of Mexico, including hull, mechanical, and electrical assessments, and Flight III events with the SPY-6 arrays. Ingalls Shipbuilding President Kari Wilkinson praised the milestone for keeping the first Flight III ship on schedule. Jack H. Lucas features enhanced capabilities for target detection and ballistic missile defense. Ingalls currently has five destroyers under construction for the U.S. Navy.

On December 15, 2022, HII's Ingalls Shipbuilding division officially began the fabrication of the U.S. Navy's latest Arleigh Burke-class destroyer, Sam Nunn (DDG 133). This milestone marks the transition into the ship's construction phase, with the initial 100 tons of steel already cut. John Fillmore, the DDG 51 program manager, emphasized the pride shipbuilders take in their work and the collaborative efforts with Navy partners. The Sam Nunn will enhance naval capabilities, executing air, surface, and subsurface operations, well-aligned with military strategies.

On December 12, 2022, HII’s Ingalls Shipbuilding hosted U.S. Marine Corps Commandant Gen. David H. Berger, showcasing their shipbuilding capabilities. The tour included amphibious ships like Bougainville (LHA 8) and Richard M. McCool Jr. (LPD 29). Ingalls has delivered 12 San Antonio-class ships and is constructing three more. Recent investments near $1 billion in infrastructure aim to enhance shipbuilding efficiency, while the facility supports over 700 suppliers across 49 states, solidifying Ingalls as a key player in naval ship production.

HII (NYSE: HII) has appointed Leo Denault, former CEO of Entergy, to its board of directors, effective December 5, 2022. Denault brings over 40 years of experience in the power industry, having held key positions at Entergy and Cinergy. His leadership at Entergy transformed it into a leading utility focusing on clean energy. The addition of Denault is expected to enhance HII's strategic direction, particularly in nuclear and electrical power sectors. HII is recognized for its role in building naval vessels and supporting national security through energy management.

HII’s Ingalls Shipbuilding division has successfully delivered the Lenah Sutcliffe Higbee (DDG 123), an Arleigh Burke-class guided missile destroyer, to the U.S. Navy. This marks the official handover of the ship, which is the 34th destroyer of its class from Ingalls. The ship will be the last Flight IIA destroyer built at Ingalls as the Navy transitions to Flight III models. The Lenah Sutcliffe Higbee is named after a World War I Navy nurse and first female Navy Cross recipient, reflecting her legacy with the motto: Bellatrix illa, meaning "she is a warrior."

On November 19, 2022, HII hosted a keel authentication ceremony for the Virginia-class submarine Arkansas (SSN 800) at its Newport News Shipbuilding division. The submarine is sponsored by the Little Rock Nine, a group of African American students pivotal in U.S. desegregation history. NNS President Jennifer Boykin highlighted the inspirational legacy of the sponsors and the ship's advanced capabilities. The Arkansas will enhance naval warfare with improved firepower and stealth, and follows the successful launches of USS Montana and New Jersey.

HII's Newport News Shipbuilding division is set to host a ceremonial keel authentication for the Virginia-class submarine Arkansas (SSN 800) on November 19, 2022. Media can preview the ceremony on November 18. The event will honor the Little Rock Nine, who are the submarine's sponsors, recognized for their role in desegregation.

The ceremony will be livestreamed, accessible via www.HII.com/SSN800. Arkansas is the 27th in its class, enhancing Navy capabilities with advanced technologies.

HII's Mission Technologies division has secured a $70 million task order contract from the U.S. Air Force. The contract focuses on technical analysis and enhancement recommendations for the Air Force Research Laboratory (AFRL), supporting the Department of Defense’s AI/machine learning and cybersecurity initiatives. The collaboration includes strategic planning, system engineering, data analytics, and cloud technology solutions, continuing HII's support since 2017. This contract was awarded under the Defense Information Analysis Center's multiple-award contract vehicle.

On November 5, HII's Mission Technologies division conducted its annual Global Day of Caring, involving over 300 employees and family members in community service projects across multiple states and South Korea. Activities included food drives, educational support, and clean-up efforts. President Andy Green emphasized the importance of connecting with local communities through service. The initiative underscores HII's commitment to supporting the areas where its workforce lives and works, alongside ongoing community service efforts in the coming weeks.