Welcome to our dedicated page for Huntington Ingalls Inds news (Ticker: HII), a resource for investors and traders seeking the latest updates and insights on Huntington Ingalls Inds stock.
News for Huntington Ingalls Industries, Inc. (HII) centers on its role as a global, all-domain defense provider and the nation’s largest military shipbuilder. Coverage highlights how HII’s shipbuilding divisions and Mission Technologies business support U.S. and allied defense priorities through advanced surface combatants, nuclear-powered submarines, unmanned systems and integrated defense technologies.
Readers can follow updates on major shipbuilding milestones, such as delivery of Arleigh Burke-class destroyers like Ted Stevens (DDG 128), construction progress on Virginia-class submarines such as Oklahoma (SSN 802), and work on aircraft carriers and Zumwalt-class destroyers. News also covers new contracts and design awards, including HII’s selection to design and build the U.S. Navy’s future small surface combatant based on the Legend-class national security cutter.
The HII news flow also reflects the company’s growing unmanned and autonomy portfolio. Articles detail developments in the REMUS family of unmanned underwater vehicles, ROMULUS unmanned surface vessels powered by the Odyssey Autonomous Control System, and demonstrations of automated launch and recovery systems such as Sea Launcher. Expansion of unmanned operations in Europe, including the enlarged Portchester, U.K. facility, and participation in international frameworks like AUKUS also feature prominently.
Investors and defense observers can track mission technologies and missile defense work, including HII’s Mission Technologies division being awarded a position on the Missile Defense Agency’s SHIELD contract vehicle, opening opportunities in directed energy, command and control integration, cyber, microelectronics and live/virtual/constructive training. Regular visits from senior U.S. and allied defense leaders to HII’s shipyards, along with updates on workforce initiatives, industrial base investments and distributed shipbuilding, provide additional context on how HII supports long-term naval and security objectives. Bookmark this page for an organized view of contract awards, program milestones and strategic partnerships affecting HII.
On August 21, 2021, Huntington Ingalls Industries (NYSE: HII) celebrated the christening of the amphibious transport dock Fort Lauderdale (LPD 28) at its Ingalls Shipbuilding division in Pascagoula, Mississippi. The event was livestreamed due to COVID-19 restrictions. Ingalls Shipbuilding President Kari Wilkinson emphasized teamwork in shipbuilding, while key speakers such as Vice Adm. William Galinis highlighted the ship's strategic importance. Fort Lauderdale honors the city's historical ties to the Navy, dating back to the 1830s. HII remains a leading military shipbuilder in the U.S.
Huntington Ingalls Industries (HII) will host virtual hiring events for various trades positions, including welders and pipe fitters, as part of its recruitment strategy. The upcoming event for fitters is scheduled for Sept. 8, 2021. New hires can receive sign-on bonuses of $500 for entry-level roles and $1,000 for experienced positions, with additional incentives for those holding active security clearances. Candidates must apply in advance to be considered for interviews during the events. HII aims to fill hundreds of positions before the year's end.
Huntington Ingalls Industries (NYSE:HII) has completed its acquisition of Alion Science and Technology from Veritas Capital. This strategic move enhances HII's capabilities in advanced engineering and R&D services for the defense sector, particularly in areas like ISR, military training, and cyber analytics. Alion brings over 3,200 employees, with a significant majority holding security clearances. HII anticipates that this integration will strengthen its position in national security solutions, aligning with its strategic focus for growth.
Huntington Ingalls Industries (HII) has successfully completed its offering of $1 billion in Senior Notes, comprising $400 million of 0.670% Notes due 2023 and $600 million of 2.043% Notes due 2028. The proceeds will be utilized for the acquisition of Alion Science and Technology. The Notes are direct and unsecured obligations of HII, guaranteed by its domestic subsidiaries. This offering is crucial for financing the Alion acquisition, which aims to enhance HII's service offerings in defense and technology sectors.
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.