Welcome to our dedicated page for Huntington Ingalls Inds news (Ticker: HII), a resource for investors and traders seeking the latest updates and insights on Huntington Ingalls Inds stock.
Huntington Ingalls Industries (HII) is America's largest military shipbuilder, delivering advanced naval defense systems and mission technologies. This page provides investors and industry professionals with verified updates on corporate developments shaping national security markets.
Access official press releases, earnings reports, and analysis of defense contracts. Track naval engineering milestones, government partnerships, and innovations from HII's Mission Technologies division through curated updates sourced directly from company communications.
Key updates include quarterly financial results, vessel delivery announcements, cybersecurity advancements, and Department of Defense procurement awards. All content adheres to financial disclosure standards for reliable decision-making.
Bookmark this page to monitor HII's strategic initiatives in military shipbuilding and unmanned systems through a single authoritative channel.
On March 18, 2022, HII (NYSE:HII) announced the delivery of the Fort Lauderdale (LPD 28) to the U.S. Navy, marking the 12th San Antonio-class ship delivered by the company. This amphibious transport dock is vital for the Navy's expeditionary force, supporting various missions, including crisis response and humanitarian assistance. The delivery ceremony took place on March 11, involving shipbuilders and Navy representatives. HII continues to progress with other San Antonio-class ships, including Richard M. McCool Jr (LPD 29) and Harrisburg (LPD 30).
On March 14, 2022, HII delivered the newest Virginia-class submarine, Montana (SSN 794), to the U.S. Navy. Following successful sea trials, Montana becomes the 10th submarine in this class produced by HII’s Newport News Shipbuilding division. This advancement culminates from a partnership with General Dynamics’ Electric Boat, emphasizing safety and quality in construction. Block IV submarines, including Montana, feature design changes aimed at reducing ownership costs and increasing operational efficiency, allowing for longer deployment periods.
HII has appointed Donny Dorsey as vice president of operations at its Ingalls Shipbuilding division, effective immediately. Dorsey, who replaces George Jones ahead of his retirement on April 1, has been with the company since 2000, serving in various roles including ship program manager. Dorsey will oversee manufacturing operations and collaborate with union partners to enhance production strategies. His appointment aims to continue the legacy of strong execution and drive strategic innovation within the division.
HII (NYSE:HII) has appointed Xavier Beale as vice president of human resources and trades at its Newport News Shipbuilding division, effective April 1. Beale will oversee human resources administration, employment, labor relations, and recruitment while retaining his prior responsibilities. He succeeds Susan Jacobs, who is now at HII’s Ingalls Shipbuilding division. As part of a strategic plan, the company aims to enhance hiring and retention alongside continuous learning and development. Additionally, Dave Horne has been promoted to senior director of trades, aiding in production trade execution.
HII (NYSE:HII) announced that its Newport News Shipbuilding division has successfully negotiated a new labor contract with United Steelworkers, effective from March 7, 2022, until February 7, 2027. The agreement aims to provide competitive pay and benefits for union employees, ensuring the division remains competitive in the shipbuilding sector. Susan Jacobs, vice president of human resources, emphasized the importance of this agreement in continuing to meet the U.S. Navy's shipbuilding needs.
HII (NYSE:HII) has completed its first contractor-owned, contractor-operated (COCO) air combat training mission with the U.S. Air Force in Europe. This significant event enhances training readiness for U.S. forces in Europe/Africa and was developed over 16 months in collaboration with European governments and regulations. The program offers a cost-effective option for the U.S. government while extending the service life of combat equipment. Partnering with Top Aces, HII provided advanced adversary air training, marking a milestone for contracted air support in the European theater.
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