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Huntington Ingalls Industries (HII) Stock News, Apr-May 2020

HII NYSE

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.

Rhea-AI Summary

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.

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Rhea-AI Summary

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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FAQ

What is the current stock price of Huntington Ingalls Industries (HII)?

Huntington Ingalls Industries (HII) last closed at $269.64.

What is the market cap of Huntington Ingalls Industries (HII)?

The market cap of Huntington Ingalls Industries (HII) is approximately $10.6B.