Huntington Ingalls Inds Inc Stock Price, News & Analysis

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.

On January 7, 2021, Huntington Ingalls Industries (HII) announced the start of fabrication for the Arleigh Burke-class destroyer Jeremiah Denton (DDG 129) at its Ingalls Shipbuilding division. This milestone marks the cutting of the first 100 tons of steel, emphasizing HII's commitment to building advanced naval assets. The destroyer is named after U.S. Sen. Jeremiah Denton, a Vietnam War hero. This development adds to HII's extensive portfolio, which includes 32 delivered Arleigh Burke-class destroyers and ongoing work on additional vessels.

Huntington Ingalls Industries (NYSE: HII) has acquired the autonomy business of Spatial Integrated Systems Inc. to enhance its unmanned systems capabilities. This acquisition, which closed on December 31, 2020, adds a skilled team and proven unmanned surface vessel solutions to HII’s portfolio. The transition incorporates approximately 50 SIS employees, bringing advanced technologies such as multi-vehicle collaborative autonomy and sensor fusion into HII's framework. HII aims to support national security missions effectively, leveraging SIS's innovative solutions across various domains.

The U.S. Coast Guard’s newest Legend-class national security cutter, Stone (WMSL 758), has departed from Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding to its homeport in Charleston, SC. Ingalls Shipbuilding President Brian Cuccias expressed pride in the shipbuilders' achievements. Stone is set for commission in early 2021, joining other cutters in Charleston. The Legend-class NSC enhances maritime safety and security with advanced technology, measuring 418 feet and capable of reaching speeds of 28 knots.

Huntington Ingalls Industries (HII) delivered new REMUS 100 Unmanned Underwater Vehicles (UUVs) to the German Navy to enhance their mine countermeasure operations. These UUVs feature advanced electronics and 12-hour endurance. HII collaborated with J. Bornhöft Industriegeräte GmbH for this delivery. The German Navy has effectively utilized legacy REMUS 100s for various missions for seven years. HII, America’s largest military shipbuilder, plays a crucial role in national security and operates globally with over 42,000 employees.