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Huntington Ingalls Industries Inc - HII STOCK NEWS

Welcome to our dedicated news page for Huntington Ingalls Industries (Ticker: HII), a resource for investors and traders seeking the latest updates and insights on Huntington Ingalls Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Huntington Ingalls Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Huntington Ingalls Industries's position in the market.

News
HII Employees Honored At 38th Annual Black Engineer of the Year Award (BEYA) STEM Conference
Rhea-AI Summary
HII employees recognized at the 38th annual Black Engineer of the Year Award STEM Conference for their achievements in science, technology, engineering, and math fields. Victor Deal received the Technical Sales & Marketing award, while six others received the Modern-Day Technology Leader award, and three others received the Science Spectrum Trailblazer award. Paul C. Harris, HII's executive VP, emphasized the crucial role these employees play in HII's mission to protect peace and freedom worldwide.
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HII Upgrades, Expands Food Option at Newport News Shipbuilding
Rhea-AI Summary
Huntington Ingalls Industries (HII) has opened a new MicroMarket at its Newport News Shipbuilding division, providing 24/7 access to healthy food options for shipbuilders, sailors, and contractors. The MicroMarket, operated by Aramark, replaces a former canteen and is strategically located mid-yard for convenience. The initiative aims to ensure the wellbeing of shipbuilders and Navy partners, with a focus on providing healthy food options for personnel working on aircraft carriers undergoing refueling and complex overhaul work at NNS. The MicroMarket offers snacks, beverages, and prepared meals, supported by advanced equipment for food safety and automatic replenishment technology. The opening of the new MicroMarket is part of HII's holistic approach to addressing the Quality of Service for Sailors assigned to aircraft carriers and submarines at Newport News Shipbuilding.
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3.2%
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HII Declares Quarterly Dividend
Rhea-AI Summary
HII (NYSE:HII) has declared a quarterly cash dividend of $1.30 per share, payable on March 8, 2024, to shareholders of record as of Feb. 23, 2024.
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3.2%
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dividends
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HII Contributing to Success of U.S. Coast Guard’s Integrated Data Environment
Rhea-AI Summary
HII's Enlighten subsidiary supported the U.S. Coast Guard in achieving a three-year 'authority to operate' (ATO) status on its Integrated Data Environment known as SURVEYOR. The collaboration improved the platform's efficiency, allowing for streamlined data management and quicker access to critical information, ultimately bolstering the decision-making process. This partnership provides the Coast Guard with new tools utilizing big data for enhanced maritime and cybersecurity mission areas. The three-year ATO status underscores the reliability, efficiency, and advanced capabilities that Enlighten brings to the forefront of maritime data analytics.
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-0.96%
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HII Completes Builder’s Trials On Richard M. McCool Jr. (LPD 29)
Rhea-AI Summary
HII's Ingalls Shipbuilding division completes successful builder's sea trials for LPD 29, with plans for delivery in the spring. The division has delivered 12 San Antonio-class ships and has three LPDs under construction. The company received a $1.3 billion modification to a contract for the construction of LPD 32, named Philadelphia.
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3.43%
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HII Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
HII (NYSE:HII) reported strong financial results in the fourth quarter of 2023, with a 13% increase in revenues to $3.2 billion and a full-year record revenue of $11.5 billion, growing by 7.3% year over year. Diluted earnings per share for the quarter was $6.90, and $17.07 for the full year. Net cash provided from operations was $970 million, and free cash flow was $692 million in 2023. New contract awards in 2023 were approximately $12.5 billion, bringing total backlog to approximately $48.1 billion as of December 31, 2023.
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3.43%
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HII Authorizes a $600 Million Increase in its Share Repurchase Program to $3.8 Billion
Rhea-AI Summary
HII (NYSE: HII) has announced an increase in its share repurchase program from $3.2 billion to $3.8 billion, extending the term from Oct. 31, 2024, to Dec. 31, 2028. This decision reflects the company's confidence in its free cash flow generation and commitment to returning free cash flow to shareholders. The program allows for share purchases at the discretion of management, subject to market conditions, and may be suspended or discontinued at any time.
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-0.54%
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HII is Awarded Advanced Planning Contract for USS Harry S. Truman (CVN 75) RCOH
Rhea-AI Summary
HII (NYSE: HII) announced a $913 million advanced planning contract for the refueling and complex overhaul of the nuclear-powered aircraft carrier USS Harry S. Truman. The contract covers engineering, design, material procurement, and documentation, aiming to ensure the success of the project. The ship, christened in 1996, will be the eighth Nimitz-class carrier to undergo RCOH, representing 35% of all maintenance and modernization during its 50-year service life.
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HII to Hold Investor Day
Rhea-AI Summary
HII (NYSE: HII) will host its Investor Day on March 20, 2024, featuring presentations on the company’s strategy and financial outlook, with Chris Kastner, president and CEO, and Tom Stiehle, executive vice president and chief financial officer. The event will be held at the New York Stock Exchange, starting at 9 a.m. EST. Limited in-person attendance is by invitation only, but the live webcast can be accessed from HII’s Investor Relations site, with a replay available afterward.
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0.49%
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HII Hosts Assistant Secretary of the Navy at Newport News Shipbuilding
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HII hosted Assistant Secretary of the Navy for Research, Development and Acquisition Nickolas Guertin at its Newport News Shipbuilding division. The visit focused on updates on major programs, investments in new facilities, advancements in workforce development, and digital technologies to improve operational efficiency. Guertin saw construction progress on aircraft carriers and toured facilities for submarine construction. NNS is the nation’s sole designer, builder, and refueler of nuclear-powered aircraft carriers and one of only two shipyards capable of designing and building nuclear-powered submarines for the U.S. Navy.
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Stock HII logo
Huntington Ingalls Industries Inc

NYSE:HII

HII Rankings

#954 Ranked by Market Cap
#3156 Ranked by Stock Gains
#1320 Ranked by Dividends

HII Stock Data

10.92B
38.66M
0.64%
92.17%
1.84%
Ship Building and Repairing
Manufacturing
Link
US
Newport News

About HII

huntington ingalls industries is america's largest military shipbuilding company and a provider of engineering, manufacturing and management services to the nuclear energy, oil and gas markets. for more than a century, hii's newport news and ingalls shipbuilding divisions in virginia and mississippi have built more ships in more ship classes than any other u.s. naval shipbuilder. headquartered in newport news, virginia, hii employs approximately 37,000 people operating both domestically and internationally. divisions: ingalls shipbuilding, newport news shipbuilding subsidiaries: amsec llc, continental maritime san diego (cmsd), newport news industrial, newport news nuclear, newport news energy, stoller newport news nuclear (sn3)