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.
PASCAGOULA, Miss., May 20, 2020 — Huntington Ingalls Industries (NYSE: HII) will host a drive-in hiring event on May 22 from 9 a.m. to noon at Singing River Island. Job seekers can apply for positions and interact with recruiters from their vehicles, enhancing safety and accessibility. Edmond Hughes, VP of Human Resources, stated that this innovative approach facilitates engagement while maintaining social distancing. Attendees will enter the event at USS Wisconsin Loop, where various hiring stations will be set up for different shipbuilding crafts.
Huntington Ingalls Industries (HII) reported first quarter 2020 revenues of $2.3 billion, an 8.8% increase from Q1 2019, driven by growth in its shipbuilding divisions. Operating income rose to $215 million, with a margin of 9.5%. Diluted earnings per share increased to $4.23 from $2.85. The company has a robust backlog of $45.2 billion. Despite challenges from COVID-19, HII maintains confidence in its long-term targets, although it anticipates shipbuilding sales growth to remain at the lower end of 3-5% for the year.
On May 5, 2020, Huntington Ingalls Industries celebrated the hard work of their shipbuilders as the Hurricane Hunters conducted a flyover of the Ingalls Shipbuilding division. President Brian Cuccias praised the workforce for their resilience during the COVID-19 pandemic. Recently, Ingalls launched LPD 28, began fabrication on LPD 30 and DDG 128, and delivered DDG 119 to the U.S. Navy. The company secured a $1.5 billion contract for LPD 31 and currently has 10 ships under construction, affirming its status as the largest manufacturing employer in Mississippi.
Huntington Ingalls Industries (NYSE:HII) has secured a $187.46 million advance procurement contract from the U.S. Navy for long-lead-time materials for the amphibious assault ship LHA 9. This contract aims to bolster the health of the shipbuilding supply base and supports ongoing large-deck amphibious ship production. Ingalls is the sole builder of these ships, having previously delivered multiple classes, including the Tarawa and Wasp classes. The current construction includes Bougainville (LHA 8), with the latest ship, Tripoli (LHA 7), delivered earlier this year.
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