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) has opened a new 21,000-square-foot Human Resources building in Pascagoula, Mississippi. This facility is designed to accommodate nearly 75 employees involved in various HR functions such as onboarding, compensation, and labor relations. Construction began in November 2019, reflecting the company's commitment to enhancing recruitment and onboarding processes. The new building features a visitor management tracking system aimed at improving efficiency and customer service, supporting HII's role as America's largest military shipbuilder.
Huntington Ingalls Industries (HII) has announced the redemption of its 5.000% senior unsecured notes due 2025. As of October 16, 2020, approximately $600 million of these notes is outstanding. The redemption will occur on November 15, 2020, at a price of 102.5% of the principal amount, plus accrued interest. This notice is being delivered to all registered holders by the Bank of New York Mellon. HII remains a leading military shipbuilding company, with significant operations in Virginia and Mississippi and a workforce exceeding 42,000.
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.