Welcome to our dedicated page for Huntington Ingalls Inds news (Ticker: HII), a resource for investors and traders seeking the latest updates and insights on Huntington Ingalls Inds stock.
News for Huntington Ingalls Industries, Inc. (HII) centers on its role as a global, all-domain defense provider and the nation’s largest military shipbuilder. Coverage highlights how HII’s shipbuilding divisions and Mission Technologies business support U.S. and allied defense priorities through advanced surface combatants, nuclear-powered submarines, unmanned systems and integrated defense technologies.
Readers can follow updates on major shipbuilding milestones, such as delivery of Arleigh Burke-class destroyers like Ted Stevens (DDG 128), construction progress on Virginia-class submarines such as Oklahoma (SSN 802), and work on aircraft carriers and Zumwalt-class destroyers. News also covers new contracts and design awards, including HII’s selection to design and build the U.S. Navy’s future small surface combatant based on the Legend-class national security cutter.
The HII news flow also reflects the company’s growing unmanned and autonomy portfolio. Articles detail developments in the REMUS family of unmanned underwater vehicles, ROMULUS unmanned surface vessels powered by the Odyssey Autonomous Control System, and demonstrations of automated launch and recovery systems such as Sea Launcher. Expansion of unmanned operations in Europe, including the enlarged Portchester, U.K. facility, and participation in international frameworks like AUKUS also feature prominently.
Investors and defense observers can track mission technologies and missile defense work, including HII’s Mission Technologies division being awarded a position on the Missile Defense Agency’s SHIELD contract vehicle, opening opportunities in directed energy, command and control integration, cyber, microelectronics and live/virtual/constructive training. Regular visits from senior U.S. and allied defense leaders to HII’s shipyards, along with updates on workforce initiatives, industrial base investments and distributed shipbuilding, provide additional context on how HII supports long-term naval and security objectives. Bookmark this page for an organized view of contract awards, program milestones and strategic partnerships affecting HII.
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HII, a leader in engineering and defense technologies, has successfully completed the first planned incremental availability (PIA) for the USS Gerald R. Ford (CVN 78). This significant six-month modernization ensures the carrier is equipped with advanced technologies before its maiden deployment. The Ford is the first of its class to feature revolutionary systems aimed at enhancing the Navy's air capability. Three more Gerald R. Ford-class carriers are under construction, and mid-life overhauls for two Nimitz-class carriers are underway to extend their service life.
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.
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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.
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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 21st 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.