Huntington Ingalls Inds Inc Stock Price, News & Analysis

HII’s Mission Technologies division has secured a $44 million task order from the Department of Defense's Chief Information Officer to conduct spectrum assessments. This contract spans five years and will facilitate advancements in spectrum policy and technical assessments, enhancing military communications and intelligence operations. As a recompete win, this award underscores HII's longstanding collaboration with the DoD, with expertise in managing electromagnetic spectrum operations for over 65 years.

HII (NYSE:HII) announced that its Ingalls Shipbuilding division received a cost-plus-incentive-fee contract to provide engineering and design for the U.S. Navy’s next-generation guided-missile destroyer (DDG(X)) program. This opportunity emphasizes collaboration with Navy and industry partners, ensuring innovative design practices from their experienced engineering team. Ingalls Shipbuilding has previously delivered 33 destroyers and continues to play a crucial role in U.S. naval capabilities.

HII's Newport News Shipbuilding division announced leadership changes aimed at optimizing operations and enhancing execution. Jennifer Boykin, president of Newport News Shipbuilding, highlighted the importance of these transformations in meeting Navy expectations for timely and budget-conscious ship deliveries. Key appointments include Matt Needy as vice president and chief transformation officer, and Bryan Caccavale as vice president of Navy programs. These changes support a multi-year modernization initiative to improve shipbuilding efficiency and are part of HII's commitment to advancing U.S. national security.

The Fort Lauderdale (LPD 28), an amphibious transport dock ship, has departed from HII’s Ingalls Shipbuilding division and is headed to its commissioning site in Fort Lauderdale, Florida. Delivered in March, it is the 12th ship of the San Antonio-class and is set to be officially commissioned on July 30. Ingalls Shipbuilding continues to construct additional San Antonio-class vessels, including Richard M. McCool Jr. (LPD 29) and Pittsburgh (LPD 31). These ships are critical to the Navy's expeditionary operations.

HII (NYSE: HII) announced a milestone at its Newport News Shipbuilding division for the aircraft carrier John F. Kennedy (CVN 79). The shipyard has completed the construction of the 1,000^th compartment out of 2,615 total spaces, indicating significant progress toward the Navy's delivery scheduled for 2024. More than 9.8 million feet of cable have been installed, enhancing training capabilities for sailors. HII continues to innovate with digital construction processes as it works on other carriers in the Ford class.

HII (NYSE:HII) will announce its second quarter 2022 financial results on Aug. 4, 2022, at 9 a.m. Eastern time. The earnings call will be hosted by President and CEO Chris Kastner and CFO Tom Stiehle, and will be available via webcast on the company’s website. With a workforce of 44,000, HII is recognized as America's largest shipbuilder and delivers critical capabilities in defense technologies. The company has a 135-year history in supporting U.S. national security and focuses on all-domain operations. For more information, visit HII's website.

HII (NYSE: HII) announced plans to hire over 2,000 full-time shipbuilders at its Ingalls Shipbuilding division, contributing to national security efforts. The skilled workforce will work on building amphibious warships, destroyers, and national security cutters. A hiring event is scheduled for July 9, 2022, offering various positions with competitive wages and benefits. The Ingalls facility has undergone recent upgrades to improve worker conditions, including enhanced amenities. HII, recognized as America’s largest shipbuilder, has a 135-year legacy in defense technologies.

HII (NYSE: HII) announces the dedication of its 19th house built with Habitat for Humanity since 2002. The event, held on June 17, 2022, in Newport News, welcomed Mickeia Hunter and her children to their new home. Over 100 shipbuilders contributed 600 volunteer hours for this three-bedroom, 1,200-square-foot house, located on land donated by the Newport News Redevelopment and Housing Authority. The Hunter family will repay a no-interest mortgage, aiding future housing projects for other families.

HII (NYSE:HII) announced a $240 million advance procurement contract from the U.S. Navy for long-lead-time materials and advance construction for amphibious transport dock LPD 32. This marks the 16th ship in the San Antonio-class built at Ingalls Shipbuilding. The funds will support nearly 400 suppliers across 30 states. LPD 32 is part of the Flight II series, designed to replace the older dock landing ships. HII has successfully delivered 12 San Antonio-class ships, with two currently under construction.