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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 (NYSE: HII) announces the awarding of $100,000 in grants to 26 STEM initiatives across Mississippi and Alabama. This annual program aims to enhance education in science, technology, engineering, and math. Over the last decade, Ingalls Shipbuilding has contributed more than $1.1 million for teacher training and STEM projects. This year, the grants attracted 85 applications. Ingalls Shipbuilding President Kari Wilkinson emphasized the importance of STEM education for developing future shipbuilders. The next application cycle will open in August 2023, reflecting HII's commitment to supporting local education and fostering innovation in the workforce.
HII announced the promotion of Chris Soong to executive vice president and chief information officer, effective April 1, 2023. He replaces Bharat Amin, who will retire on March 31 after nearly ten years. Soong, previously CIO of HII’s Mission Technologies division, will lead IT governance and establish the company’s digital strategy with a focus on cyber security. With over 25 years in the IT sector and experience from Fortune 500 companies, Soong is well-prepared for the role. His leadership will be crucial in supporting the digital infrastructure aimed at adding value for stakeholders.
HII (NYSE:HII) is set to release its fourth quarter 2022 financial results on February 9, 2023, at 9 a.m. Eastern time.
The earnings conference call will be led by Chris Kastner, president and CEO, and Tom Stiehle, CFO, and will be accessible via live webcast on HII’s website. Listeners are encouraged to review accompanying materials on the website, where replays will also be available.
HII is a leader in defense, specializing in naval shipbuilding and advanced technologies to enhance national security.
HII (NYSE: HII) has promoted Kimberly Nastasi to vice president of the newly established integrated communications and stakeholder engagement department at Ingalls Shipbuilding. Reporting to President Kari Wilkinson, Nastasi will oversee marketing, communications, special events, community relations, and government affairs. Her previous role involved fostering connections among shipbuilders. With a robust background including leadership roles at the Mississippi Gulf Coast Chamber of Commerce, Nastasi aims to strengthen stakeholder engagement within the shipbuilding community.
HII's Ingalls Shipbuilding division has secured a $10.5 million contract for the modernization planning of the Zumwalt-class guided missile destroyers, USS Zumwalt (DDG 1000) and USS Michael Monsoor (DDG 1001). This contract is part of HII's ongoing investments, totaling nearly $1 billion, in infrastructure and quality enhancements at Ingalls Shipbuilding. The Zumwalt-class destroyers are equipped with advanced warfighting technology and designed for versatile military missions, ensuring the U.S. Navy's operational readiness.
HII's Ingalls Shipbuilding division has commenced the fabrication of the U.S. Navy's latest amphibious assault ship, Fallujah (LHA 9), marking a significant milestone. The shipyard has cut its first 100 tons of steel and is set for ongoing construction. Ingalls has a strong history of building large-deck amphibious assault ships, with 15 delivered to date. Awarded a $2.4 billion contract, Fallujah will feature enhanced aviation capabilities and advanced medical facilities. Ingalls continues to maintain a steady production line for these critical naval assets.
On December 20, 2022, HII (NYSE: HII) announced its collaboration with the Navy to advance unmanned undersea vehicle (UUV) capabilities using the Pharos system from an amphibious ship. Building on a successful June 2022 demonstration of the Proteus UUV, HII has engaged in two new Cooperative Research and Development Agreements (CRADAs) for further enhancements. The Pharos system was tested with the Navy's Snakehead LDUUV, proving its adaptability for the launch and recovery of large unmanned vehicles. This initiative supports the Navy's future fleet vision.
HII's Ingalls Shipbuilding division successfully completed builder’s sea trials for the guided missile destroyer Jack H. Lucas (DDG 125). The ship underwent various tests in the Gulf of Mexico, including hull, mechanical, and electrical assessments, and Flight III events with the SPY-6 arrays. Ingalls Shipbuilding President Kari Wilkinson praised the milestone for keeping the first Flight III ship on schedule. Jack H. Lucas features enhanced capabilities for target detection and ballistic missile defense. Ingalls currently has five destroyers under construction for the U.S. Navy.
On December 15, 2022, HII's Ingalls Shipbuilding division officially began the fabrication of the U.S. Navy's latest Arleigh Burke-class destroyer, Sam Nunn (DDG 133). This milestone marks the transition into the ship's construction phase, with the initial 100 tons of steel already cut. John Fillmore, the DDG 51 program manager, emphasized the pride shipbuilders take in their work and the collaborative efforts with Navy partners. The Sam Nunn will enhance naval capabilities, executing air, surface, and subsurface operations, well-aligned with military strategies.
On December 12, 2022, HII’s Ingalls Shipbuilding hosted U.S. Marine Corps Commandant Gen. David H. Berger, showcasing their shipbuilding capabilities. The tour included amphibious ships like Bougainville (LHA 8) and Richard M. McCool Jr. (LPD 29). Ingalls has delivered 12 San Antonio-class ships and is constructing three more. Recent investments near $1 billion in infrastructure aim to enhance shipbuilding efficiency, while the facility supports over 700 suppliers across 49 states, solidifying Ingalls as a key player in naval ship production.