Huntington Ingalls Inds Inc Stock Price, News & Analysis

HII (NYSE: HII) announced the appointment of Eric Chewning as Executive Vice President of Strategy & Development, effective Jan. 30, 2023. Chewning, a former Defense Department official, brings 20 years of national security experience to enhance HII's strategic initiatives, including identifying growth opportunities and fostering cross-division collaboration. HII, the largest military shipbuilder in the U.S. and a key player in unmanned underwater vehicle production, aims to leverage Chewning's expertise to align its capabilities with U.S. Navy needs and drive technological advancements.

HII (NYSE: HII) recently hosted Chief of Naval Operations Adm. Michael Gilday at its Ingalls Shipbuilding division in Pascagoula, Mississippi, on Jan. 26, 2023. Gilday toured the shipyard and met with leadership, reinforcing HII's commitment to national security. This visit follows his previous visit in March 2020 for the christening of the guided missile destroyer Jack H. Lucas. The shipyard has recently received nearly $1 billion in investments to enhance infrastructure and efficiency. HII, as the largest military shipbuilder, continues to develop advanced naval capabilities while supporting over 1,200 suppliers across the U.S.

HII (NYSE: HII) announces the awarding of $100,000 in grants to 26 STEM initiatives across Mississippi and Alabama. This annual program aims to enhance education in science, technology, engineering, and math. Over the last decade, Ingalls Shipbuilding has contributed more than $1.1 million for teacher training and STEM projects. This year, the grants attracted 85 applications. Ingalls Shipbuilding President Kari Wilkinson emphasized the importance of STEM education for developing future shipbuilders. The next application cycle will open in August 2023, reflecting HII's commitment to supporting local education and fostering innovation in the workforce.

HII announced the promotion of Chris Soong to executive vice president and chief information officer, effective April 1, 2023. He replaces Bharat Amin, who will retire on March 31 after nearly ten years. Soong, previously CIO of HII’s Mission Technologies division, will lead IT governance and establish the company’s digital strategy with a focus on cyber security. With over 25 years in the IT sector and experience from Fortune 500 companies, Soong is well-prepared for the role. His leadership will be crucial in supporting the digital infrastructure aimed at adding value for stakeholders.

HII (NYSE:HII) is set to release its fourth quarter 2022 financial results on February 9, 2023, at 9 a.m. Eastern time.

The earnings conference call will be led by Chris Kastner, president and CEO, and Tom Stiehle, CFO, and will be accessible via live webcast on HII’s website. Listeners are encouraged to review accompanying materials on the website, where replays will also be available.

HII is a leader in defense, specializing in naval shipbuilding and advanced technologies to enhance national security.

HII (NYSE: HII) has promoted Kimberly Nastasi to vice president of the newly established integrated communications and stakeholder engagement department at Ingalls Shipbuilding. Reporting to President Kari Wilkinson, Nastasi will oversee marketing, communications, special events, community relations, and government affairs. Her previous role involved fostering connections among shipbuilders. With a robust background including leadership roles at the Mississippi Gulf Coast Chamber of Commerce, Nastasi aims to strengthen stakeholder engagement within the shipbuilding community.

HII's Ingalls Shipbuilding division has secured a $10.5 million contract for the modernization planning of the Zumwalt-class guided missile destroyers, USS Zumwalt (DDG 1000) and USS Michael Monsoor (DDG 1001). This contract is part of HII's ongoing investments, totaling nearly $1 billion, in infrastructure and quality enhancements at Ingalls Shipbuilding. The Zumwalt-class destroyers are equipped with advanced warfighting technology and designed for versatile military missions, ensuring the U.S. Navy's operational readiness.

HII's Ingalls Shipbuilding division has commenced the fabrication of the U.S. Navy's latest amphibious assault ship, Fallujah (LHA 9), marking a significant milestone. The shipyard has cut its first 100 tons of steel and is set for ongoing construction. Ingalls has a strong history of building large-deck amphibious assault ships, with 15 delivered to date. Awarded a $2.4 billion contract, Fallujah will feature enhanced aviation capabilities and advanced medical facilities. Ingalls continues to maintain a steady production line for these critical naval assets.

On December 20, 2022, HII (NYSE: HII) announced its collaboration with the Navy to advance unmanned undersea vehicle (UUV) capabilities using the Pharos system from an amphibious ship. Building on a successful June 2022 demonstration of the Proteus UUV, HII has engaged in two new Cooperative Research and Development Agreements (CRADAs) for further enhancements. The Pharos system was tested with the Navy's Snakehead LDUUV, proving its adaptability for the launch and recovery of large unmanned vehicles. This initiative supports the Navy's future fleet vision.