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.
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.
Huntington Ingalls Industries (NYSE:HII) announced the start of fabrication for the Arleigh Burke-class destroyer George M. Neal (DDG 131) at its Ingalls Shipbuilding division. This marks a significant milestone as HII has delivered 33 similar destroyers to the Navy. The ship honors a Korean War veteran, showcasing the company's commitment to military excellence. Arleigh Burke-class destroyers are versatile vessels capable of multi-mission operations, supporting U.S. military strategies in various combat scenarios.
Huntington Ingalls Industries (NYSE: HII) has appointed Christie Thomas as the new corporate vice president of investor relations, effective January 1. Thomas, who has 15 years of experience at HII and leadership roles in contracts and pricing, will take over from Dwayne Blake. She will serve as the primary liaison between the company and the investment community, focusing on financial results and business strategies. Thomas aims to enhance investor education while ensuring compliance with SEC regulations. HII is the largest military shipbuilding company in the U.S., employing over 44,000 people.
Huntington Ingalls Industries (NYSE:HII) announced the successful delivery of the Frank E. Petersen Jr. (DDG 121), an Arleigh Burke-class guided missile destroyer, to the U.S. Navy on November 30. This delivery marks the 33rd destroyer constructed by Ingalls Shipbuilding, with four more currently under construction. Frank E. Petersen Jr. is named after the Marine Corps' first African-American aviator and general officer. Ingalls continues to be a leader in military shipbuilding, employing over 44,000 people and constructing more ships than any other U.S. naval shipbuilder.
Huntington Ingalls Industries (NYSE:HII) announced a $113.6 million contract modification from the U.S. Navy for long-lead-time materials related to amphibious assault ship LHA 9, bringing total funding to $651 million. Ingalls Shipbuilding President Kari Wilkinson emphasized the partnership with the Navy and the economic boost from job sustainability across their supplier network. LHAs are vital assets for Navy amphibious forces, providing advanced medical and logistical support.
Huntington Ingalls Industries (NYSE: HII) has appointed Mike Aldinger as vice president of its Technical Solutions division, focusing on live, virtual, constructive (LVC) training solutions for the U.S. Air Force. Aldinger brings 22 years of experience from Northrop Grumman, where he led the expansion of LVC capabilities. His expertise includes engineering, mission training, and artificial intelligence. This strategic appointment aims to enhance HII's position in the defense training market, supporting crucial readiness needs for the U.S. Department of Defense.
On November 13, Huntington Ingalls Industries (NYSE: HII) held its second annual Global Day of Caring, with employees participating in 26 community service projects across nine U.S. states, Romania, and South Korea. This initiative emphasizes the company's commitment to community involvement as part of its corporate culture. Technical Solutions President Andy Green highlighted the event's dual benefit for employees and communities. The company also supports the U.S. Marine Corps Reserve’s 2021 Toys for Tots program, showcasing its dedication to social responsibility.
Huntington Ingalls Industries (NYSE: HII) christened the pre-commissioning unit New Jersey (SSN 796) at its Newport News Shipbuilding division on November 13, 2021. The ceremony celebrated the dedication of shipbuilders and honored over 1,800 guests, including government officials and Navy personnel. New Jersey is the 23rd Virginia-class submarine, 82% complete, and scheduled for delivery in late 2022. The ship incorporates modifications for gender integration and symbolizes a strong national defense.
Huntington Ingalls Industries (NYSE: HII) recognized four employees at the 2021 Society of Asian Scientists and Engineers National Conference. Matthew Burris received the Career Achievement award, while Dennis Seran, Reby Vanta, and Khoa Nguyen were honored with Promising Professional awards. Additionally, two Newport News Shipbuilding employees, Emily Frantz and Teresa Mullen, won STEP Ahead awards for their contributions to manufacturing. Demetria Petty-Manes received the Prism Award for her leadership in engineering. HII continues to emphasize diversity and excellence within its workforce.
Huntington Ingalls Industries (NYSE:HII) appointed Grant Hagen as president of its Technical Solutions division Cyber and Electronic Warfare group, replacing Terri Walker-Spoonhour. Hagen, previously senior vice president of business operations, is credited with strategic acquisitions and developing the Unmanned Systems Center of Excellence. Andy Green, HII's president of Technical Solutions, expressed confidence in Hagen's leadership to enhance national security solutions. HII remains the largest military shipbuilding company in the U.S., employing over 44,000 people.
Huntington Ingalls Industries (HII) reported third-quarter 2021 revenues of $2.3 billion, a 1% increase year-over-year. Operating income fell to $118 million with an operating margin of 5.0%, down from 9.6% in Q3 2020. Net earnings decreased to $147 million and diluted EPS was $3.65, compared to $5.45 a year earlier. The acquisition of Alion Science and Technology closed on Aug. 19, contributing approximately $163 million in revenue. New contract awards totaled $600 million, raising total backlog to $50.1 billion.