Huntington Ingalls Inds Inc Stock Price, News & Analysis

PMC Capital Partners has successfully acquired UniversalPegasus International from Huntington Ingalls Industries (HII). This award-winning firm specializes in engineering design and has maintained strong performance during the COVID-19 pandemic. UniversalPegasus ranks among the top engineering firms, with a robust backlog of business. PMC Capital aims to enhance UniversalPegasus's services and growth potential, capitalizing on its established reputation and expertise in the energy sector. Financial details of the acquisition remain undisclosed.

Huntington Ingalls Industries (NYSE:HII) secured a contract from the U.S. Navy worth up to $175 million for maintenance, training, and planning support for aircraft carriers. The indefinite-delivery/indefinite-quantity contract spans a five-year term. HII will provide engineering, maintenance, and operator training for shipboard systems. Work will be conducted in various locations including Virginia, California, Washington, and Japan, supporting the Navy's operational readiness.

Huntington Ingalls Industries (NYSE: HII) has appointed James "Jim" Loeblein as the corporate vice president of customer affairs, effective later in 2021. He succeeds Dan Holloway, who is retiring. Loeblein, formerly with Raytheon Technologies, brings extensive naval experience and strategic operations expertise. His responsibilities will include outreach to executive branch entities related to the Ingalls portfolio. Loeblein holds multiple advanced degrees, enhancing his qualifications for this role. HII is the largest military shipbuilding company in the U.S., employing over 42,000 people nationwide.

Huntington Ingalls Industries (NYSE:HII) has elected Stephanie L. O’Sullivan to its Board of Directors, effective January 15, 2021. O’Sullivan, a business consultant since 2017, previously served as the principal deputy director of the Office of National Intelligence and the CIA’s associate deputy director. Her expertise in national security and technology is expected to enhance value for stakeholders. Chairman Kirk Donald expressed confidence in her leadership, highlighting her extensive experience in government and private sectors.

Huntington Ingalls Industries’ Ingalls Shipbuilding division has awarded $99,890 in grants to 26 educational organizations across Mississippi and Alabama to support STEM initiatives. This funding aims to enhance interest in science, technology, engineering, and mathematics among students. Over the past 13 years, Ingalls has contributed more than $1.2 million to local STEM projects. Grant recipients include Bay Middle School and Ocean Springs Middle School, with projects ranging from drone usage to coding challenges.

Huntington Ingalls Industries (NYSE:HII) will announce its fourth quarter 2020 financial results on February 11, 2021, at 9 a.m. ET. The earnings conference call will be accessible via HII's website. Key executives, including President and CEO Mike Petters and CFO Chris Kastner, will participate in the call, which will include supplementary materials. HII, the largest military shipbuilding company in the U.S., has built more ships in various classes than any other naval shipbuilder in the country, supporting national security through its Technical Solutions division.

Huntington Ingalls Industries (HII) announced the appointment of Vice Adm. Thomas Moore (U.S. Navy, Ret.) as vice president of nuclear operations for its Nuclear and Environmental Services business group. Reporting to Michael Lempke, Moore will oversee all nuclear operations activities for HII's Department of Energy portfolio. With nearly 40 years of Navy experience, including managing a workforce of 83,000 and a $50 billion budget, his leadership is expected to enhance the company's performance and growth in this area.

Huntington Ingalls Industries (HII) has announced the completion of the first phase of its Unmanned Systems Center of Excellence with a newly built 22,000-square-foot facility in Hampton, Virginia. The facility supports the assembly of hull structures for Boeing's Orca Extra Large Unmanned Undersea Vehicle program. Phase two, a larger 135,000-square-foot building, is expected to be completed by the end of 2021. This initiative will create over 250 jobs, reinforcing HII's commitment to unmanned systems and national security capabilities.

Huntington Ingalls Industries (NYSE: HII) announced the promotion of Keith Munn to vice president and chief financial officer for Ingalls Shipbuilding, effective February 15, 2021. Munn succeeds Tom Stiehle, who is now HII's executive vice president and CFO. With over 23 years at Ingalls, Munn brings extensive experience in finance and contract management. His leadership is expected to enhance the company's strategic functions as HII continues to lead in military shipbuilding.