Huntington Ingalls Inds Inc Stock Price, News & Analysis

HII (NYSE: HII) has appointed Henry Choi as vice president of business development for its Mission Technologies division, focusing on cyber, electronic warfare (EW), and space. Choi brings over 30 years of expertise in national security, covering strategic planning and business development. His addition aims to bolster HII's growth in addressing global security threats. Grant Hagen, president of the division, emphasized the importance of having the right talent to enhance mission-critical national security solutions as HII expands its capabilities.

On April 8, 2022, the Frank E. Petersen Jr. (DDG 121), an Arleigh Burke-class guided-missile destroyer, departed from HII’s Ingalls Shipbuilding in Pascagoula, Mississippi. It is set to be commissioned in Charleston, South Carolina, before heading to its homeport in Hawaii. This destroyer, the 33rd built for the U.S. Navy by Ingalls, highlights the shipyard's capabilities despite pandemic challenges. HII continues to advance U.S. national security through innovative shipbuilding and support to the Navy, with five additional destroyers currently under construction.

HII (NYSE:HII) has scheduled its first quarter 2022 financial results release for May 5, 2022, followed by an earnings conference call at 9 a.m. Eastern Time. The call will be accessible via HII’s website, with a replay available for a limited time. HII, based in Newport News, Virginia, is the largest shipbuilder in the U.S. and offers a range of defense and technology solutions. The company employs 44,000 personnel and has a 135-year history in supporting U.S. national security.

HII (NYSE:HII) has launched Odyssey™, a suite of advanced autonomy solutions aimed at transforming vessels into intelligent robotic platforms. Odyssey enhances multi-vehicle collaborative autonomy, health monitoring, and sensor fusion, integrating with various unmanned systems. The technology has been tested for over 6,000 hours on 23 vessel types and supports operations across different domains, including maritime and ground vehicles. Notably, the U.S. Navy selected the REMUS 300 for its next-generation Small Unmanned Underwater Vehicle program.

On April 3, 2022, HII launched the Calhoun (WMSL 759), the latest addition to the Legend-class national security cutter series, at its Ingalls Shipbuilding division. This milestone reflects HII's commitment to enhancing national security through advanced maritime capabilities. President Kari Wilkinson emphasized the cutter's importance in supporting Coast Guard missions, including drug interdiction and disaster relief. With nine Legend-class NSCs previously delivered, Calhoun is set for christening in June 2022 and delivery in early 2023.

HII has rebranded its Technical Solutions division to Mission Technologies as part of its strategy to enhance national security solutions. The division has expanded globally through strategic acquisitions and organic growth, employing advanced technology capabilities. Key milestones include the selection of REMUS 300 for the U.S. Navy’s small UUV program, and pioneering aircrew training for the U.S. Air Forces in Europe. With over 100 facilities worldwide, Mission Technologies focuses on C5ISR, cyber strategies, unmanned systems, and more, enhancing responsiveness to evolving security threats.

HII (NYSE:HII) has announced that its REMUS 300 unmanned underwater vehicle has been selected as the U.S. Navy's next generation small UUV program. This choice highlights HII's commitment to advancing maritime operations through autonomous systems. The program's initial phase will focus on the production and testing of REMUS 300 units over the next year. This selection follows a rigorous two-year prototyping effort, indicating the vehicle's advanced capabilities and modular design that meet the Navy's evolving needs.

HII (NYSE: HII) has christened the pre-commissioning unit Jack H. Lucas (DDG 125) at its Ingalls Shipbuilding division in Pascagoula, Mississippi. This Flight III destroyer honors Medal of Honor recipient Jack H. Lucas, who displayed remarkable bravery in World War II. The ship features advanced systems, including the Aegis Baseline 10 radar, enhancing its combat capabilities. Ingalls Shipbuilding President Kari Wilkinson expressed pride in supporting U.S. military efforts, while Chief of Naval Operations Adm. Mike Gilday praised the ship as the finest destroyer ever built.

HII's Ingalls Shipbuilding division has officially authenticated the keel of the Ted Stevens (DDG 128), an Arleigh Burke-class guided missile destroyer. Named after former U.S. Senator Ted Stevens, the ship honors his service, including his role as a pilot in WWII. The Ted Stevens is the second Flight III destroyer to be constructed at Ingalls, featuring enhanced capabilities for multi-mission operations, integrating advanced technologies for maritime defense. This marks the 76th ship in the Arleigh Burke class, demonstrating HII's commitment to supporting U.S. national security.