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 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.
Huntington Ingalls Industries (HII) announced that its Technical Solutions division has secured a contract from the U.S. Department of Energy (DOE) Office of Environmental Management. This contract, awarded to Nationwide Remediation Partners—a joint venture led by HII Nuclear—has a maximum value of $3 billion and a 10-year ordering period. The partnership includes EnergySolutions Federal Support and Navarro Research and Engineering, enhancing HII’s capabilities in deactivation and decommissioning services. The contract is designed to assist various federal agencies in environmental management across the nation.
Huntington Ingalls Industries (HII) has announced a reorganization within its Technical Solutions division, merging its Fleet Support and Mission Driven Innovative Solutions (MDIS) groups into a new entity called Defense and Federal Solutions. This restructuring follows strategic acquisitions and contract awards aimed at enhancing efficiency and customer service. Garry Schwartz will lead the newly formed group, focusing on national security challenges and advancing innovative solutions for government customers.
Huntington Ingalls Industries (NYSE:HII) has received approval from the State Council of Higher Education for Virginia to operate The Apprentice School as a degree-granting institution. This certification enables the school to offer associates of applied science degrees across 26 disciplines, including maintenance electrician and marine designer. This milestone enhances the school's commitment to workforce development in response to the increasing demand for skilled workers. Final approval for specific programs is anticipated later this year, following an extensive evaluation process.
Huntington Ingalls Industries (HII) has joined the Virginia Ready Initiative to assist unemployed Virginians in finding work swiftly. This initiative addresses the significant unemployment caused by COVID-19, focusing on developing skills for high-demand jobs in manufacturing and other sectors. HII's support includes financial backing for training programs and facilitating job opportunities for participants. Over 800,000 Virginians have filed for unemployment since the pandemic began, highlighting the urgent need for workforce development. HII aims to help revitalize the local economy through skill development and job placement.
Huntington Ingalls Industries (NYSE:HII) announces its second quarter 2020 financial results release scheduled for August 6, 2020, at 9 a.m. ET. An earnings conference call will follow, accessible via the company’s website. HII remains the largest military shipbuilding firm in the U.S., with over 42,000 employees. The company's divisions have a legacy of building ships across numerous categories, supporting both domestic and international defense initiatives.
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Huntington Ingalls Industries (HII) has secured a $936 million contract for constructing an additional Arleigh Burke-class destroyer for the U.S. Navy. This follows a previous $5.1 billion multiyear contract awarded in 2018 for six destroyers. Ingalls Shipbuilding President Brian Cuccias emphasized the positive momentum this contract brings to HII and its extensive supplier network. Ingalls has successfully delivered 32 destroyers and currently has four more under construction, reinforcing its position as a leader in military shipbuilding.
Huntington Ingalls Industries (NYSE: HII) has offered full-time positions to 60 high school seniors in coastal Mississippi and Alabama who completed specialized career technical education (CTE) training. This initiative, led by Ingalls Shipbuilding, aims to create a skilled workforce in shipbuilding. The students are poised to enter as entry-level skilled craftsmen and women, reflecting the company’s commitment to workforce development and industry readiness. HII emphasizes the importance of these training programs in establishing a robust talent pipeline for sustained operational success.