Huntington Ingalls Inds Inc Stock Price, News & Analysis

HII (NYSE:HII) announced the promotion of Edmond Hughes to executive vice president and chief human resources officer, effective April 1, 2022, replacing retiring William Ermatinger. Hughes, previously vice president of human resources at Ingalls Shipbuilding, will oversee HII's HR strategy, including executive compensation, talent management, and diversity initiatives. Susan Jacobs will take over Hughes' role at Ingalls. This leadership change aims to enhance knowledge sharing within HII and ensure continuity in its HR functions, reinforcing HII's commitment to developing talent and fostering an inclusive workplace.

On February 22, 2022, HII (NYSE:HII) celebrated the achievements of seven employees recognized for their contributions in STEM at the 36th annual Black Engineer of the Year Award STEM Global Competitiveness Conference. Notably, six employees were awarded the Modern Day Technology Leader award for their influence in engineering and technology. Thomasina Wright, director of programs at Newport News Shipbuilding, received the career achievement industry award. This acknowledgment underscores HII's commitment to innovation and its role in enhancing national security.

Huntington Ingalls Industries (HII) reported fourth quarter 2021 revenues of $2.7 billion, a 2.9% decrease from 2020. Operating income fell to $120 million with an operating margin of 4.5%, down from 11.1%. Diluted earnings per share were $2.99, a drop of 51.4% year-over-year. For the full year, revenues rose 1.7% to $9.5 billion, while diluted EPS decreased 21.2% to $13.50. New contract awards totaled approximately $1.0 billion in Q4, contributing to a backlog of $48.5 billion as of year-end.

HII (NYSE:HII) successfully completed initial sea trials of the Montana (SSN 794), a Virginia-class submarine, last week. The trials involved testing the submarine's systems, including its first submergence and high-speed maneuvers. HII plans to deliver the submarine to the U.S. Navy later this year. The project began in 2015, with the Montana being the 21^st Virginia-class submarine built in partnership with General Dynamics’ Electric Boat. The successful trials mark a significant milestone for HII and its partners.

Huntington Ingalls Industries (NYSE:HII) has declared a quarterly cash dividend of $1.18 per share, set for payment on March 11, 2022. Shareholders on record as of the close of business on February 25, 2022 will receive this dividend. With a rich history spanning 135 years, HII specializes in engineering and defense technologies, providing essential capabilities that enhance U.S. national security. The company employs a workforce of approximately 44,000 individuals, delivering advanced naval ships and innovative solutions.

Huntington Ingalls Industries (NYSE:HII) successfully completed sea trials for the Fort Lauderdale (LPD 28), a San Antonio-class amphibious transport dock, as part of the final preparations for delivery this quarter. During the trials, key operations such as anchor handling and running the ship at full power were tested, showcasing effective Navy-industry collaboration. Ingalls Shipbuilding has delivered 11 San Antonio-class ships, with three more under construction, including Fort Lauderdale. The ship honors Fort Lauderdale's ties to the U.S. Navy, dating back to the 1830s.

HII (NYSE:HII) has appointed Frank R. Jimenez to its board of directors as of Jan. 27, 2022. Jimenez, a former General Counsel of the U.S. Navy, brings substantial expertise from his roles in various companies, including Raytheon Technologies. His background includes overseeing a vast legal team, advising on critical issues like litigation and ethics, which positions him to enhance HII's governance. This addition signals HII's commitment to strengthening its leadership and expertise in defense regulations amidst evolving industry challenges.