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) has announced new appointments in its law department. Jeffrey Bauer has been promoted to corporate vice president of litigation and investigations. Paul C. Harris joins as corporate vice president and chief compliance and privacy officer, effective September 8, 2020. Bauer brings extensive experience in litigation from his tenure at the U.S. Department of Justice and various law firms. Harris has a strong background in compliance and privacy, previously serving in significant roles at Hampton University and the DOJ.
Huntington Ingalls Industries (NYSE: HII) has successfully launched the Delbert D. Black destroyer from its Ingalls Shipbuilding division, which is now on its way to its homeport in Mayport, Florida. This marks a significant achievement, as it adds to the 32 destroyers previously delivered to the Navy. With four more destroyers currently under construction and a recent $936 million contract awarded for another Arleigh Burke-class destroyer, HII continues to strengthen its position as the largest military shipbuilding company in the U.S.
Summary not available.
Huntington Ingalls Industries (NYSE:HII) has secured a five-year contract from the U.S. Navy to deliver logistics support for the Naval Expeditionary Logistics Support Group (NAVELSG). The contract, awarded through SeaPort NxG, will be based at Cheatham Annex in Yorktown, Virginia. HII aims to enhance the operational readiness of the Navy by providing asset management and integrated logistics support.
This partnership underscores HII's commitment to national security and its ongoing support of U.S. military operations.
Huntington Ingalls Industries' Newport News Shipbuilding division has completed its 18th home in collaboration with Habitat for Humanity. The traditional ranch-style home, built during the COVID-19 pandemic, was dedicated privately to Donnika Stewart and her children, who moved in last week. The home was constructed on land donated by the Newport News Redevelopment and Housing Authority. Since 2002, Newport News Shipbuilding has partnered with Habitat for Humanity to provide affordable housing for families in the community.
Summary not available.
Huntington Ingalls Industries (NYSE: HII) announced that its Ingalls Shipbuilding division achieved electronic systems light-off for the amphibious transport dock Fort Lauderdale (LPD 28). This milestone indicates the operational status of the ship’s critical systems. The company has delivered 11 San Antonio-class ships and currently has three under construction, including LPD 28. In April, Ingalls secured a $1.5 billion contract for LPD 31.
Huntington Ingalls Industries (NYSE:HII) reported second quarter 2020 revenues of $2.0 billion, a 7.4% decrease year-over-year. Operating margin fell to 2.8% from 8.0% in Q2 2019, primarily due to unfavorable adjustments totaling $167 million related to COVID-19 impacts. Net earnings dropped to $53 million, or $1.30 per diluted share, down 58.6% from the previous year. Despite challenges, the backlog increased to $46.1 billion, with new contract awards of approximately $2.9 billion. The company anticipates shipbuilding revenues between $7.6 and $7.9 billion for 2020.
Huntington Ingalls Industries (NYSE: HII) has declared a quarterly cash dividend of $1.03 per share, set to be paid on September 11, 2020, to shareholders on record as of August 28, 2020. This decision underscores the company’s strong commitment to returning value to its shareholders. HII, recognized as America’s largest military shipbuilding entity, boasts a rich history of shipbuilding in Virginia and Mississippi, supporting national security through various divisions. With over 42,000 employees, HII remains a key player in the defense sector.
Huntington Ingalls Industries (NYSE:HII) announced the recognition of employee Jennifer Brady as an Emerging Leader by the Manufacturing Institute, highlighting her contributions as a mechanical engineer since 2016. Brady's work primarily supports propulsion plant projects on aircraft carriers, and she actively mentors children in low-income areas. The award ceremony is scheduled for September 24, 2020, and aims to honor rising female talent in manufacturing. HII continues to be the largest military shipbuilder in the U.S., employing over 42,000 people across various divisions.