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Huntington Ingalls Industries (HII) Stock News, Apr-May 2023

HII NYSE

Huntington Ingalls Industries, Inc. reports developments across U.S. military shipbuilding and defense mission technologies. The company’s Ingalls Shipbuilding division builds non-nuclear surface ships such as Arleigh Burke-class guided missile destroyers and supports new frigate work, while Newport News Shipbuilding builds nuclear-powered aircraft carriers and participates in U.S. submarine programs.

Recurring HII news includes U.S. Navy contract awards, ship deliveries and sea-trial milestones, distributed shipbuilding initiatives, workforce pipelines through shipyard academies and apprenticeships, quarterly earnings, and cash dividends. Mission Technologies updates cover unmanned and autonomous maritime platforms, including REMUS unmanned underwater vehicles, and defense capabilities tied to C6ISR, artificial intelligence and machine learning, electronic warfare, and synthetic training.

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On April 26, 2023, HII's Mission Technologies division announced it received a significant contract worth $995 million to provide Advisory and Assistance Services to the U.S. Air Forces in Europe-Air Forces Africa (USAFE-AFAFRICA). This indefinite delivery, indefinite quantity contract includes a one-year base period and four one-year options. HII will utilize its extensive experience to assist in information analysis, evaluations, and training to enhance regional national security.

According to Andy Green, president of Mission Technologies, this award solidifies HII's commitment to supporting USAFE-AFAFRICA's mission of deterrence and building relationships with allies. HII's capabilities will aid in policy development, decision-making, and operations management throughout the U.S. European Command and U.S. Africa Command.

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FAQ

What is the current stock price of Huntington Ingalls Industries (HII)?

Huntington Ingalls Industries (HII) last closed at $263.75.

What is the market cap of Huntington Ingalls Industries (HII)?

The market cap of Huntington Ingalls Industries (HII) is approximately $10.4B.