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Huntington Ingalls Industries (HII) is America's largest military shipbuilder, delivering advanced naval defense systems and mission technologies. This page provides investors and industry professionals with verified updates on corporate developments shaping national security markets.
Access official press releases, earnings reports, and analysis of defense contracts. Track naval engineering milestones, government partnerships, and innovations from HII's Mission Technologies division through curated updates sourced directly from company communications.
Key updates include quarterly financial results, vessel delivery announcements, cybersecurity advancements, and Department of Defense procurement awards. All content adheres to financial disclosure standards for reliable decision-making.
Bookmark this page to monitor HII's strategic initiatives in military shipbuilding and unmanned systems through a single authoritative channel.
Huntington Ingalls Industries (NYSE:HII) reported first-quarter 2021 revenues of $2.3 billion, reflecting a 0.7% increase year-over-year. Operating income decreased to $147 million, with a 6.5% operating margin. However, segment operating income improved to $191 million, achieving an 8.4% margin. The diluted earnings per share (EPS) were $3.68, down from $4.23 a year ago. The company announced a record backlog of $48.8 billion and secured new contract awards of approximately $5.3 billion.
Huntington Ingalls Industries (NYSE:HII) has announced a quarterly cash dividend of $1.14 per share, set to be paid on June 11, 2021, to shareholders on record by May 28, 2021. HII, recognized as America’s largest military shipbuilding company, operates through its divisions in Virginia and Mississippi, contributing to national security with a range of professional services. The company employs over 42,000 individuals, further solidifying its industry leadership.
Huntington Ingalls Industries (HII) announced that The Apprentice School at Newport News Shipbuilding has received certification from the Council for Occupational Education to grant academic degrees in 26 programs. Starting in 2023, apprentices can earn associate degrees in applied science focusing on maritime technology disciplines such as maintenance electrician and welding. This initiative enhances workforce development and reflects HII's commitment to training the next generation of shipbuilders.
Huntington Ingalls Industries (NYSE:HII) celebrated the christening of its guided missile destroyer Lenah Sutcliffe Higbee (DDG 123) on April 25, 2021. The event was held with limited attendance due to COVID-19 restrictions. Ingalls Shipbuilding President Kari Wilkinson emphasized the importance of the milestone, while retired President Brian Cuccias honored the shipbuilders' dedication. The ship, named after the first woman to receive the Navy Cross, represents a significant naval tradition. Keynote speeches were given by Ray Mabus, highlighting the ship's legacy.
Huntington Ingalls Industries (NYSE:HII) announced a $107 million contract modification from the U.S. Navy for long-lead-time material and advance procurement for the amphibious assault ship LHA 9. This brings the total advance funding for LHA 9 to $457 million. Ingalls Shipbuilding President Kari Wilkinson emphasized the funding's role in supporting national defense and sustaining jobs. As the sole builder of large-deck amphibious ships for the Navy, Ingalls continues its legacy with notable deliveries and ongoing constructions.
Huntington Ingalls Industries has launched the REMUS 300, an advanced unmanned underwater vehicle (UUV) designed for multiple applications such as mine countermeasures and marine research. This two-man portable system can dive to depths of 305 meters and offers endurance options up to 30 hours. Built upon over 20 years of REMUS technology, it boasts modularity and open architecture for easy integration with other systems. Over 500 REMUS vehicles are currently operational globally. Standard configurations of the REMUS 300 can be ordered for international and commercial delivery throughout 2022.
Huntington Ingalls Industries (NYSE:HII) announced a significant milestone in the refueling and complex overhaul (RCOH) of the USS George Washington (CVN 73). The ship's crew galley opened after nearly three years, marking a crucial step before the first group of 1,100 sailors moves aboard in June. With the RCOH over 85% complete, the Nimitz-class carrier is scheduled for redelivery to the Navy in 2022. Todd West, VP of in-service aircraft carrier programs, emphasized the importance of the ship's transformation and readiness for future operations.
Huntington Ingalls Industries (NYSE: HII) hosted Chief of Naval Operations Adm. Mike Gilday at Newport News Shipbuilding to discuss major programs and investments in integrated digital shipbuilding. Gilday toured facilities for the Virginia-class submarines and aircraft carriers, emphasizing the importance of quality work for national security. Jennifer Boykin, president of Newport News, highlighted their commitment to safety, cost management, and technological innovations. HII remains a leading military shipbuilder with over 42,000 employees, focusing on operational efficiency and alignment with naval requirements.
Huntington Ingalls Industries (HII) will announce its first quarter 2021 financial results on May 6, 2021, followed by an earnings conference call at 9 a.m. Eastern Time. Investors and interested parties can access the call through HII’s website. Key executives, including CEO Mike Petters, will participate, providing insights alongside a slide presentation. HII, America’s largest military shipbuilder, continues to support various defense initiatives worldwide, employing over 42,000 people across its divisions.
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