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.
HII's Newport News Shipbuilding division is set to christen the Massachusetts (SSN 798), the 25th Virginia-class submarine, on May 6. This advanced class of submarines is crucial for enhancing U.S. military capabilities with superior firepower, maneuverability, and stealth.
The ceremony, which is closed to the public but will be livestreamed, emphasizes HII's role as one of the two shipyards capable of building nuclear-powered submarines for the U.S. Navy. Media members can preview the event on May 5 and interact with shipbuilders and Navy leadership. Media attendance requires RSVP by May 3.
HII has secured a $567.6 million subcontract modification from General Dynamics Electric Boat for the Columbia-class ballistic missile submarine project. This modification, awarded on April 4, enables HII's Newport News Shipbuilding division to procure essential materials and commence advance construction for the next five submarines, known as Build II, following the initial two, District of Columbia and Wisconsin.
The Columbia class is the U.S. Navy's top acquisition priority, designed to replace Ohio-class submarines and serve as a critical element of national deterrence. HII's role includes constructing six module sections per submarine, reaffirming its pivotal contribution to U.S. naval capabilities.
On April 11, 2023, HII (NYSE: HII) announced that its Mission Technologies division secured a $1.3 billion task order from the U.S. Africa Command (USAFRICOM) for Personnel Recovery Enterprise Services and Solutions (PRESS). This award comprises a one-year base period with six one-year options. HII will deliver a comprehensive lifesaving network, enhancing evacuation response for personnel in the USAFRICOM area. Since 2021, HII has supported 91 casualty evacuation missions in East Africa. The company's president highlighted their extensive CASEVAC experience, emphasizing their commitment to improving execution efficiency and survival rates for U.S. personnel.
HII (NYSE:HII) will announce its Q1 2023 financial results on May 4, 2023, followed by a conference call at 9 a.m. Eastern Time. This event will be accessible through a live webcast on HII’s website. Key executives, including Chris Kastner (CEO) and Tom Stiehle (CFO), will lead the discussion supported by visual materials available online. As the largest military shipbuilder in the U.S., HII has over 135 years of history and a workforce of 43,000, providing a wide range of defense capabilities such as ships, unmanned systems, and AI solutions. The company aims to support U.S. national security and deliver optimal solutions for peace and freedom globally.
HII has successfully launched the Lenah Sutcliffe Higbee (DDG 123), the 34th Arleigh Burke-class destroyer built at its Ingalls Shipbuilding division. The commissioning is scheduled for next month in Key West, Florida, before the ship heads to its homeport in San Diego. This marks the final Flight IIA destroyer as the Navy transitions to the advanced Flight III class. The new design enhancements significantly improve capabilities. HII continues to produce upcoming Flight III ships, which will enhance the U.S. Navy's operational capabilities. This reflects HII's ongoing commitment to national defense and advanced maritime solutions.
HII (NYSE: HII) announced a $1.3 billion modification to a U.S. Navy contract for the construction of amphibious transport dock LPD 32. This brings the total contract value to $1.54 billion. The ship will be the 16th in the San Antonio class. Ingalls Shipbuilding received a $240 million advance procurement contract in June 2022, facilitating early construction activities. HII's Ingalls Shipbuilding is the sole builder of the San Antonio class, with three LPDs under construction, enhancing the Navy’s amphibious capabilities for crisis responses and humanitarian assistance. HII continues to be a leader in military shipbuilding.
HII (NYSE: HII) is set to launch a promotional campaign at the Navy League’s Sea-Air-Space Global Maritime Expo 2023, emphasizing its evolution and innovation in shipbuilding. The campaign encourages attendees to 'See Beyond' traditional shipbuilding methods and explore HII’s advancements in digital design, multi-domain solutions, and enhanced military capabilities, particularly in the Indo-Pacific region under the AUKUS partnership. The expo will feature presentations, demonstrations, and an interactive display showcasing HII’s commitment to improving efficiency and reducing costs in shipbuilding, while reinforcing its role as the nation’s largest shipbuilder.
HII (NYSE: HII) has appointed Julie Jarrell Gresham as vice president and chief counsel of Ingalls Shipbuilding, effective March 31, 2023. She succeeds George Simmerman Jr., who is retiring after 32 years. Gresham has previously held the position of deputy chief counsel and director of compliance and privacy.
Under her leadership, she will provide legal guidance to Ingalls Shipbuilding, reporting to Chad Boudreaux, HII’s executive vice president and chief legal officer. Gresham is recognized as a top lawyer with a strong community leadership profile in Mississippi.
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HII’s Newport News Shipbuilding division will host commencement exercises for the class of 2022 graduates from The Newport News Shipbuilding Apprentice School on March 18, 2023, at 10 a.m. Virginia Gov. Glenn Youngkin will deliver the keynote address. The ceremony will be open to media attendance only and will be livestreamed. The school accepts over 200 apprentices annually, providing tuition-free training in 19 trades. Apprentices can earn degrees in partnership with local colleges. For media attendance, RSVP is required by noon on March 16.