Huntington Ingalls Inds Inc Stock Price, News & Analysis

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.

Huntington Ingalls Industries (NYSE:HII) has appointed Chris Kastner as the new president and CEO, effective March 1, 2022, following a succession plan. Mike Petters transitions to executive vice chairman for a temporary period. Under their leadership, HII boasts a $48 billion shipbuilding backlog and has made technology-oriented acquisitions to enhance capabilities. Kastner, previously COO and CFO, is well-positioned to continue the company's mission in national security, as stated by Chairman Kirk Donald, ensuring continuity in leadership and operations.

On January 25, 2022, Huntington Ingalls Industries (HII) announced the promotion of Karey Malyszko to vice president of Plant Operations at Newport News Shipbuilding. Malyszko, who has over 18 years of nuclear engineering leadership experience, takes over from Dru Branche, who retired in December. She will oversee waterfront support services, facilities, environmental health and safety, and security. Malyszko started at Newport News in 2004 and has held various engineering management roles. HII is a leading global engineering and defense technologies provider with a workforce of 44,000.

Huntington Ingalls Industries (NYSE:HII) will announce its fourth quarter 2021 financial results on February 10, 2022, at 9 a.m. ET. The earnings conference call will be available via webcast on HII’s website. Key executives, including CEO Mike Petters and CFO Tom Stiehle, will present alongside slides to enhance understanding. HII is a leading global provider of engineering and defense technologies with a 135-year legacy in advancing U.S. national security and employing 44,000 professionals. Further details can be found on HII's official website.

Huntington Ingalls Industries’ Ingalls Shipbuilding division has achieved the Aegis light-off milestone for the Navy’s first Flight III Arleigh Burke-class guided missile destroyer Jack H. Lucas (DDG 125). This milestone initiates combat system testing, allowing shipbuilders to prepare for propulsion tests and sea trials. The Flight III upgrade significantly enhances capabilities with new electric plant equipment and combat systems integration. Ingalls Shipbuilding has successfully reached this milestone amidst pandemic challenges, demonstrating teamwork with the Navy and industry partners.

Huntington Ingalls Industries (NYSE: HII) announced the successful launch of the amphibious transport dock Richard M. McCool Jr. (LPD 29), the 13th ship in the San Antonio class, on January 7, 2022. This vessel is designed for U.S. amphibious assault and expeditionary warfare missions for the coming decades. The ship, measuring 684 feet and displacing 25,000 tons, supports Marine operations. Delivery to the U.S. Navy is anticipated later next year, marking a significant milestone for Ingalls Shipbuilding and U.S. national security.

Huntington Ingalls Industries (NYSE:HII) has successfully integrated its autonomy solutions with Sea Machines Robotics' SM300 system, enhancing unmanned systems' mission planning and collaboration capabilities. The demonstration, conducted in the Chesapeake Bay, showcased seamless interaction between HII's technology and Sea Machines' autonomous system on an unmanned surface vessel (USV). This marks a significant advancement in HII's autonomy development, aiming to elevate operational capabilities for diverse maritime platforms. HII's ongoing commitment to autonomy also aligns with its strategic minority investment in Sea Machines, made in July 2020.

Huntington Ingalls Industries (NYSE:HII) has promoted Matt Mulherin Jr. to vice president of contracts at Newport News Shipbuilding, effective January 3, 2022. He succeeds Christie Thomas, who has transitioned to corporate vice president of investor relations. Mulherin brings over 17 years of experience in business management and leadership, having held various positions since joining the company in 2004. Under his leadership, he is expected to oversee contracts, pricing, and compliance to support HII's mission in defense technologies.