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 (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.
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.