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Huntington Ingalls Industries, Inc. (NYSE: HII) is America's largest military shipbuilding company and a premier provider of engineering, manufacturing, and management services in sectors such as nuclear energy, oil, and gas. With a rich history spanning over a century, HII's Newport News and Ingalls Shipbuilding divisions in Virginia and Mississippi have built more ships in a diverse range of classes than any other U.S. naval shipbuilder. Headquartered in Newport News, Virginia, HII employs approximately 37,000 people, operating both domestically and internationally.
HII operates through three major segments:
- Ingalls Shipbuilding: This division focuses on the construction of non-nuclear-powered ships such as amphibious landing ships and Arleigh Burke-class destroyers.
- Newport News Shipbuilding: The only shipyard in the U.S. capable of building nuclear-powered aircraft carriers, it is also a key subcontractor for Virginia and Columbia-class nuclear submarines.
- Mission Technologies: This segment provides advanced technological solutions including uncrewed sea vessels, IT services, and a host of other specialized services to U.S. government agencies.
HII has also made significant strides in innovation and collaboration, recently hosting an industry and academic event to explore new technologies in shipbuilding. The company is actively involved in fostering innovation through partnerships with entities like 3M, Lincoln Electric, and Fastenal.
Financially, HII reported first-quarter 2024 revenues of $2.8 billion, up 4.9% from the previous year, driven by growth in the Mission Technologies segment. Operating income for the quarter was $154 million with an operating margin of 5.5%. The company has a strong backlog of approximately $48.4 billion as of March 31, 2024.
HII's commitment to technological advancement is evident in its recent strategic collaboration with Amazon Web Services (AWS) to enhance digital shipyard transformation, next-generation sea power capabilities, and warfighter training readiness. This partnership aims to leverage AI, machine learning, and cloud technologies to improve manufacturing quality and operational efficiency.
In addition to its core business, HII is heavily invested in education and community outreach. This includes sponsoring STEM expos to inspire the next generation of shipbuilders and innovators.
HII's dedication to maritime excellence and technological innovation continues to position it as a crucial player in the defense sector, ensuring the U.S. maintains a formidable naval presence globally.
HII has announced the appointment of Jennifer Childs as the new vice president of quality and engineering at its Ingalls Shipbuilding division, effective January 6, 2025. Childs, who has 17 years of experience at Ingalls and previously served as director of technical & design engineering, will succeed Brian Blanchette, who is becoming vice president of HII and president of Ingalls Shipbuilding.
In her new role, Childs will oversee quality programs, ship design, engineering, integrated logistics support, and planning yard engineering. As the current director of technical & design engineering, she has led teams responsible for designing, constructing, and testing advanced military ships for the Navy and the Coast Guard's national security cutter program.
HII's Ingalls Shipbuilding division and the U.S. Department of Labor's Job Corps program hosted a successful two-day recruiting event that resulted in 68 job offers to students. Over 120 students from 20 states interviewed for positions in welding, electrical, and machining trades. The event began at the Mississippi Job Corps Center in Crystal Springs, followed by onboarding activities and shipyard tours at Ingalls for successful candidates.
The partnership leverages Job Corps' nationwide network of over 120 centers and 43 training pathways to develop talent pipelines for the shipbuilding industry. This collaboration aims to address the country's shipyard workforce needs while providing direct career opportunities for Job Corps students.
HII christened the Virginia-class submarine Arkansas (SSN 800) at Newport News Shipbuilding division. The submarine's sponsors are six women from the historic Little Rock Nine, who were the first African American students to attend the previously all-white Central High School in Little Rock, Arkansas during desegregation in 1957.
Sponsor Carlotta Walls LaNier performed the traditional bottle-breaking ceremony. Secretary of the Navy Carlos Del Toro delivered the keynote address, emphasizing Arkansas's submarine force capabilities and its connection to its namesake's proud legacy.
Arkansas is the 27th Virginia-class submarine and the 13th to be delivered by Newport News Shipbuilding. The vessel features advanced capabilities including enhanced firepower, maneuverability, and stealth, contributing to the U.S. Navy's submarine force.
HII's Ingalls Shipbuilding division has successfully undocked the USS Zumwalt (DDG 1000), marking a significant milestone in the ship's modernization process. The lead ship of the Navy's Zumwalt-class guided missile destroyers underwent substantial upgrades since August 2023, including the integration of the Conventional Prompt Strike (CPS) weapon system and replacement of its original twin 155mm Advanced Gun Systems with new missile tubes.
The Zumwalt-class destroyers are equipped with advanced features including an electric propulsion system, wave-piercing tumblehome hull, stealth design, and cutting-edge warfighting technology. These vessels are designed to perform various missions including deterrence, power projection, sea control, and command and control operations.
HII (NYSE: HII) has secured a significant $6.7 billion contract to provide electronic warfare engineering and technical services support for the U.S. Air Force. This indefinite delivery/indefinite quantity contract marks the largest ever awarded to HII's Mission Technologies division. The contract, which was initially announced during HII's third quarter earnings call on October 31, 2024, will focus on electromagnetic spectrum and electronic warfare support services.
HII (NYSE: HII) has announced a definitive agreement to acquire the assets of W International, a South Carolina-based complex metal fabricator specializing in shipbuilding structures. The Goose Creek facility will operate under HII's Newport News Shipbuilding division, supporting the construction of nuclear-powered submarine and aircraft carrier modules for U.S. Navy programs.
The acquisition includes advanced production facilities with state-of-the-art equipment on a 45-acre site featuring over 480,000 square feet of manufacturing space, with barge and rail access. The facility will be renamed Newport News Shipbuilding - Charleston Operations, with Matt Needy appointed as general manager. The transaction is expected to close in Q4 2024, subject to regulatory approvals and contractual modifications.
HII's Newport News Shipbuilding division will christen the Virginia-class submarine Arkansas (SSN 800) on December 7. The event will be livestreamed at www.HII.com/SSN800. A media preview day is scheduled for December 6, offering opportunities to speak with NNS and Navy leadership, Arkansas shipbuilders, and the submarine's sponsors. Arkansas represents the 27th Virginia-class submarine, recognized as the world's most advanced attack submarine with enhanced firepower, maneuverability, and stealth capabilities. Newport News Shipbuilding is one of only two shipyards capable of designing and building nuclear-powered submarines for the U.S. Navy.
HII's Ingalls Shipbuilding authenticated the keel of Arleigh Burke-class guided missile destroyer Sam Nunn (DDG 133). The ship, named after former U.S. Senator Samuel Augustus Nunn Jr., is the fifth Flight III destroyer under construction at Ingalls. The ceremony featured the ship's sponsor Michelle Nunn, who welded her initials onto a steel plate with her father and Ingalls Structural Welder Adam Lee. The Flight III destroyers include enhanced capabilities with AN/SPY-6(V)1 Air and Missile Defense Radar and Aegis Baseline 10 Combat System, designed to address 21st-century threats.
HII's Newport News Shipbuilding division has been awarded the 2024 Governor's Volunteerism & Community Service Award by Virginia Gov. Glenn Youngkin. The division, which is the largest industrial employer in Virginia, was recognized for its community service initiatives. NNS shipbuilders contribute thousands of volunteer hours annually through various activities including American Red Cross blood drives, Virginia Peninsula Foodbank support, and Habitat for Humanity projects. Since 2002, they've helped build 21 homes. The division also runs STEM mentoring programs like GEMS and YEM, providing guidance to middle school students and offering career awareness programs for high school students in maritime careers.
HII's Ingalls Shipbuilding division hosted Gen. Eric Smith, the 39th commandant of the U.S. Marine Corps, for his first visit since the Navy's announcement of the amphibious multi-ship procurement contract. The contract includes construction of three San Antonio-class amphibious ships (LPD 33-35) and the America-class ship Helmand Province (LHA 10). The shipyard currently has multiple vessels under construction, including Bougainville (LHA 8) and Harrisburg (LPD 30). To date, Ingalls has delivered 13 San Antonio-class ships and 15 large-deck amphibious ships to the U.S. Navy.
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