Huntington Ingalls Inds Inc Stock Price, News & Analysis

Huntington Ingalls Industries (NYSE: HII) has appointed Jack Norris as the new director of state and local government affairs at its Ingalls Shipbuilding division. Norris brings over 20 years of experience in public policy, with a focus on fostering community and economic development. His role aims to enhance Ingalls’ strategic goals and strengthen relationships with governmental and community partners. Ingalls Shipbuilding President Kari Wilkinson highlighted Norris's expertise as vital for providing stability to the shipyard and surrounding communities.

Huntington Ingalls Industries (NYSE:HII) has secured a five-year contract valued at $273 million to assist the U.S. Navy's carrier engineering maintenance teams and other readiness programs. This collaboration emphasizes the ongoing modernization of the Navy's fleet, vital for national security. The contract's work scope includes maintaining and overhauling various equipment systems and conducting training to improve operational readiness. HII extends its decades-long partnership with the Navy, focusing on efficiency and cost-saving in defense operations.

Huntington Ingalls Industries (HII) has priced its offering of $400 million in 0.670% Senior Notes due 2023 and $600 million in 2.043% Senior Notes due 2028, collectively termed the 'Notes.' The proceeds will finance the acquisition of Alion Science and Technology, expected to close on August 16, 2021, subject to customary conditions. If the Alion acquisition isn’t finalized by April 4, 2022, HII must redeem the Notes at 101% of their principal value. The Notes will be offered to qualified institutional buyers under Rules 144A and Regulation S of the Securities Act.

Huntington Ingalls Industries (NYSE: HII) announced a senior notes offering to finance the acquisition of Alion Science and Technology. The proceeds will be combined with funds from a term loan credit facility to cover the purchase price. The notes are guaranteed by the Company’s domestic subsidiaries and will be offered to qualified institutional buyers in compliance with U.S. regulations. This offering is part of HII's strategy to enhance its capabilities in defense technology and services.

Huntington Ingalls Industries (HII) reported second quarter revenues of $2.2 billion, marking a 10.1% increase year-over-year. Operating income reached $128 million with a 5.7% operating margin. Diluted earnings per share were $3.20, significantly up from $1.30 in Q2 2020. The company secured approximately $1.2 billion in new contracts, growing its backlog to $47.7 billion. Notably, HII announced its acquisition of Alion Science and Technology, enhancing its technology-driven defense capabilities.

Brian Cuccias, the retired president of Huntington Ingalls Industries' (NYSE: HII) Ingalls Shipbuilding division, received the Navy League's Fleet Admiral Chester W. Nimitz Award at the Sea-Air-Space exposition in Maryland. This award recognizes leaders who significantly enhance national security. Cuccias, nominated by HII President Mike Petters, has over 40 years in shipbuilding, having been pivotal in Ingalls' success. His leadership has been praised by numerous defense leaders, highlighting his influence in strengthening the U.S. Navy's shipbuilding capabilities.

Huntington Ingalls Industries (HII) has declared a quarterly cash dividend of $1.14 per share, payable on Sept. 10, 2021. Shareholders of record as of Aug. 27, 2021 will receive this dividend. HII is recognized as America’s largest military shipbuilding company, providing a range of professional services which include defense solutions and support for national security missions. The company operates both domestically and internationally, employing over 41,000 people.

Huntington Ingalls Industries (HII) announced significant progress on the John F. Kennedy (CVN 79) aircraft carrier construction. The Newport News Shipbuilding division has completed over 20% of the compartments, delivering more than 500 of the 2,615 spaces. Additionally, more than 8 million feet of cable have been installed, out of the total 10.5 million feet required. The ship is over 80% complete and is scheduled for Navy delivery in 2024. HII expressed satisfaction with the progress and anticipates successful systems testing as they move closer to fleet delivery.

Huntington Ingalls Industries (HII) has secured a contract valued at $346 million to provide personnel recovery and casualty evacuation services for U.S. Africa Command (USAFRICOM) and its partners. The contract, part of the One Acquisition Solution for Integrated Services, spans one base year with four additional options. HII will deliver aircraft, operational support, and emergency medical care, enhancing evacuation response times and survival rates in East Africa. This service highlights the strategic importance of U.S. military presence in the region.