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 (NYSE:HII) successfully transferred the Virginia-class submarine Montana (SSN 794) to a floating dry dock, marking a significant step in its construction. This three-day process, which began on October 3, involved raising the 7,800-ton submarine off its keel blocks. Montana is now approximately 85% complete after construction began in 2015 and is set to launch in November. The vessel is to be delivered to the U.S. Navy in late 2021, following crew certification and waterborne tests.
Huntington Ingalls Industries (NYSE: HII) celebrated the achievements of 18 employees at the 25th annual Women of Color STEM Conference, hosted virtually from October 8-10, 2020. Nine employees received Technology All-Star awards for excellence in their fields, while eight others were recognized as Technology Rising Stars for shaping future technology. Additionally, Latitia McCane received the Special Recognition Award for promoting educational opportunities for minorities in tech. HII continues to be a leader in military shipbuilding with over 42,000 employees, contributing to national security and various industries.
Huntington Ingalls Industries (HII) will announce its third quarter 2020 financial results on November 5, 2020, followed by a conference call at 9 a.m. Eastern time. The earnings call will be accessible via webcast on HII’s official website. Key executives, including CEO Mike Petters and CFO Chris Kastner, will present the results, supplemented by downloadable slides. As the largest military shipbuilding company in the U.S., HII operates shipbuilding divisions across Virginia and Mississippi and employs over 42,000 people worldwide.
Huntington Ingalls Industries (NYSE:HII) announced the appointment of Todd West as vice president of In-Service Aircraft Carrier Programs in the Newport News Shipbuilding division, effective November 1. He succeeds Chris Miner, who will retire on December 1 after a 37-year career. West brings 35 years of experience, having served as program director for USS George Washington (CVN 73). His responsibilities will include overseeing aircraft carrier refueling, complex overhauls, and fleet support operations.
Huntington Ingalls Industries (NYSE: HII) announced the successful completion of sea trials for the U.S. Coast Guard's newest national security cutter, Stone (WMSL 758), which lasted two days in the Gulf of Mexico. The Ingalls Shipbuilding division emphasized the ship's capability to undertake challenging missions, with delivery scheduled for later this year and homeport in Charleston, SC. Stone is part of the Legend-class NSCs, designed for high-demand maritime operations. With a length of 418 feet, it can reach speeds of 28 knots and sustain missions for up to 60 days.
Huntington Ingalls Industries (NYSE:HII) announced significant progress in the refueling and complex overhaul (RCOH) of USS George Washington (CVN 73). The ship's shore steam testing program has commenced, a vital milestone for the propulsion plant, while work on the potable water system has also been completed. With 80% of the overhaul finished, the USS George Washington is on track for redelivery in 2022, ensuring operational capabilities for the next 25 years.
Huntington Ingalls Industries (HII) has officially broken ground on a new Unmanned Systems Center of Excellence in Hampton, Virginia. The facility, spanning over 150,000 square feet across two buildings, will focus on unmanned systems prototyping, production, and testing. This investment responds to the U.S. Navy's growing demand for unmanned underwater and surface vehicles. The project is anticipated to create over 250 jobs and is expected to be completed by late 2021. HII aims to enhance its capabilities to meet evolving customer needs in autonomous systems.
Huntington Ingalls Industries (NYSE: HII) announced the awarding of 100 new scholarships and the renewal of 93 existing ones through its HII Scholarship Fund for the 2020-2021 school year. In five years, the fund has supported 767 scholarships totaling over $2 million. The scholarship benefits dependent children of HII employees pursuing post-secondary or pre-kindergarten education. Award amounts range from $1,500 to $3,000, and the program showcases HII’s commitment to workforce development and educational opportunities.
Huntington Ingalls Industries (NYSE: HII) announced the successful completion of builder's sea trials for the U.S. Coast Guard’s newest national security cutter, Stone (WMSL 758). The trials lasted three days in the Gulf of Mexico, testing propulsion and auxiliary equipment. Ingalls' team emphasized overcoming challenges presented by the COVID-19 pandemic, implementing strict safety measures to minimize risks. The Stone is the ninth NSC, with delivery expected later this year. The Legend-class NSCs are designed for diverse maritime missions and feature advanced technology, length of 418 feet, a speed of 28 knots, and a 60-day endurance.
Huntington Ingalls Industries (NYSE: HII) held a virtual christening for the U.S. Navy's newest fast-attack submarine, Montana (SSN 794), on September 12, 2020. This event, conducted due to COVID-19 restrictions, showcased the collaboration of over 10,000 shipbuilders and more than 5,000 suppliers. The submarine is approximately 85% complete and is scheduled for delivery in late 2021. Montana enhances naval capabilities and symbolizes resilience amid challenges. Former Secretary of the Interior, Sally Jewell, served as the ship's sponsor, marking the occasion with a traditional ceremony.