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) announced it has awarded 190 scholarships totaling over $3 million to dependent children of its employees for the 2022-2023 academic year. Over the course of this program, which spans seven years, HII has provided 1,170 scholarships benefiting more than 600 children. The scholarships support various educational pursuits, with amounts ranging from $1,500 for two-year programs to $3,000 for four-year college students. This initiative is part of HII's commitment to education and community support, reinforcing its dedication to employee families and national development.
HII (NYSE: HII) has secured the Decisive Mission Actions and Technology Services task order under a GSA contract, valued at up to $826 million. The contract encompasses technology development, integration, and operational support for the Department of Defense (DoD), with a performance period comprising a one-year base and four optional years. HII aims to enhance U.S. national security and support various military components. This award may boost HII's portfolio in defense technology services.
HII’s Mission Technologies division has secured a $44 million task order from the Department of Defense's Chief Information Officer to conduct spectrum assessments. This contract spans five years and will facilitate advancements in spectrum policy and technical assessments, enhancing military communications and intelligence operations. As a recompete win, this award underscores HII's longstanding collaboration with the DoD, with expertise in managing electromagnetic spectrum operations for over 65 years.
HII (NYSE:HII) announced that its Ingalls Shipbuilding division received a cost-plus-incentive-fee contract to provide engineering and design for the U.S. Navy’s next-generation guided-missile destroyer (DDG(X)) program. This opportunity emphasizes collaboration with Navy and industry partners, ensuring innovative design practices from their experienced engineering team. Ingalls Shipbuilding has previously delivered 33 destroyers and continues to play a crucial role in U.S. naval capabilities.
HII's Newport News Shipbuilding division announced leadership changes aimed at optimizing operations and enhancing execution. Jennifer Boykin, president of Newport News Shipbuilding, highlighted the importance of these transformations in meeting Navy expectations for timely and budget-conscious ship deliveries. Key appointments include Matt Needy as vice president and chief transformation officer, and Bryan Caccavale as vice president of Navy programs. These changes support a multi-year modernization initiative to improve shipbuilding efficiency and are part of HII's commitment to advancing U.S. national security.
The Fort Lauderdale (LPD 28), an amphibious transport dock ship, has departed from HII’s Ingalls Shipbuilding division and is headed to its commissioning site in Fort Lauderdale, Florida. Delivered in March, it is the 12th ship of the San Antonio-class and is set to be officially commissioned on July 30. Ingalls Shipbuilding continues to construct additional San Antonio-class vessels, including Richard M. McCool Jr. (LPD 29) and Pittsburgh (LPD 31). These ships are critical to the Navy's expeditionary operations.
HII (NYSE: HII) announced a milestone at its Newport News Shipbuilding division for the aircraft carrier John F. Kennedy (CVN 79). The shipyard has completed the construction of the 1,000th compartment out of 2,615 total spaces, indicating significant progress toward the Navy's delivery scheduled for 2024. More than 9.8 million feet of cable have been installed, enhancing training capabilities for sailors. HII continues to innovate with digital construction processes as it works on other carriers in the Ford class.
HII (NYSE:HII) will announce its second quarter 2022 financial results on Aug. 4, 2022, at 9 a.m. Eastern time. The earnings call will be hosted by President and CEO Chris Kastner and CFO Tom Stiehle, and will be available via webcast on the company’s website. With a workforce of 44,000, HII is recognized as America's largest shipbuilder and delivers critical capabilities in defense technologies. The company has a 135-year history in supporting U.S. national security and focuses on all-domain operations. For more information, visit HII's website.
HII (NYSE: HII) announced plans to hire over 2,000 full-time shipbuilders at its Ingalls Shipbuilding division, contributing to national security efforts. The skilled workforce will work on building amphibious warships, destroyers, and national security cutters. A hiring event is scheduled for July 9, 2022, offering various positions with competitive wages and benefits. The Ingalls facility has undergone recent upgrades to improve worker conditions, including enhanced amenities. HII, recognized as America’s largest shipbuilder, has a 135-year legacy in defense technologies.
HII (NYSE: HII) announces the dedication of its 19th house built with Habitat for Humanity since 2002. The event, held on June 17, 2022, in Newport News, welcomed Mickeia Hunter and her children to their new home. Over 100 shipbuilders contributed 600 volunteer hours for this three-bedroom, 1,200-square-foot house, located on land donated by the Newport News Redevelopment and Housing Authority. The Hunter family will repay a no-interest mortgage, aiding future housing projects for other families.