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.
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.
Huntington Ingalls Industries (NYSE: HII) announced the appointment of Kimberly Lebak as president and general manager of Newport News Nuclear BWXT-Los Alamos (N3B). She will oversee the 10-year, $1.4 billion legacy cleanup contract for the Los Alamos site under the U.S. Department of Energy. Lebak, who has a strong background in government and was previously the manager of the National Nuclear Security Administration Los Alamos Field Office, joined HII in 2018. Her leadership is expected to enhance N3B’s operational effectiveness.
Huntington Ingalls Industries (NYSE: HII) invites media to a briefing on August 2, 2021, at the Gaylord National Resort, discussing its role as a solutions provider for national security. Key executives, including Chris Kastner and Jennifer Boykin, will present insights on the company’s capabilities in military shipbuilding and national security missions. Media will have the opportunity to ask questions following the presentation. HII, the largest military shipbuilder in America, employs over 41,000 people and has a significant history in naval shipbuilding.
On July 23, 2021, Huntington Ingalls Industries (HII) celebrated the keel authentication of the Calhoun (WMSL 759), a Legend-class national security cutter, marking a significant milestone in shipbuilding. The event, postponed due to COVID-19, recognizes the expertise of Ingalls Shipbuilding. Calhoun is currently halfway through construction and is part of a program that has delivered nine cutters to date. The ship, named after the first master chief petty officer of the Coast Guard, boasts advanced specifications to address various national security missions.
Huntington Ingalls Industries (HII) will announce its second quarter 2021 financial results on August 5, 2021, followed by a conference call at 9 a.m. Eastern Time. The call will be accessible via HII's website. Key executives, including CEO Mike Petters, will present insights supplemented by additional slides on the site. HII, the largest military shipbuilding company in the U.S., employs over 41,000 individuals and supports national security missions through its Technical Solutions division. For further details, visit HII's official website and social media channels.
Huntington Ingalls Industries (HII) is set to discuss its agreement with Veritas Capital to acquire Alion Science and Technology during a conference call with analysts at 9 a.m. EDT today. This acquisition aims to enhance HII's capabilities in delivering professional services for national security missions. The call will be accessible via live audio broadcast, and a replay will be available through July 13. HII, based in Newport News, Virginia, is the largest military shipbuilding company in the U.S., providing a wide range of services to government and industry partners.
Huntington Ingalls Industries (HII) will acquire Alion Science and Technology for $1.65 billion. This acquisition enhances HII's capabilities in mission-critical defense solutions such as AI, big data, and electronic warfare. Expected to close in H2 2021, the deal anticipates a 7-9% CAGR growth through 2024 for HII's Technical Solutions division. Alion will add approximately $1.6 billion in revenue and $135 million in adjusted EBITDA in fiscal 2022. The transaction is regarded as significantly cash flow and GAAP EPS accretive, strengthening HII's market position and operational reach.
Huntington Ingalls Industries (HII) announced that the Royal New Zealand Navy has ordered four REMUS 300 unmanned underwater vehicles for mine countermeasure and survey operations, marking the first international order for this model. The REMUS 300, known for its modularity and advanced technology, will enhance New Zealand's operational capabilities. Delivery is expected by summer 2022. The order follows New Zealand's existing fleet of six REMUS 100 UUVs, which have been in use for 14 years. This deal was facilitated through New Zealand Ocean Technology, HII's local partner.