HII Closes on Asset Acquisition to Expand Shipbuilding Capacity
HII (NYSE: HII) has completed the acquisition of an advanced manufacturing facility in South Carolina, establishing the Newport News Shipbuilding (NNS) - Charleston Operations. The facility will support the construction of nuclear-powered submarine modules and aircraft carrier units for U.S. Navy programs. Over 99% of the existing workforce has accepted offers to continue working at the site.
The acquisition includes 480,000 square feet of manufacturing space on 45 acres, featuring state-of-the-art equipment and infrastructure. The facility offers access to barge and rail transportation, along with proximity to Charleston's growing shipbuilding ecosystem. HII plans to create hundreds of additional jobs to support increased demand and growth at the Charleston facility.
The expansion aims to increase shipbuilding capacity and throughput for national security customers, particularly supporting Navy and AUKUS requirements. The strategic location provides access to a skilled maritime trades workforce with potential for further expansion.
HII (NYSE: HII) ha completato l'acquisizione di un impianto di produzione avanzata nel South Carolina, stabilendo le operazioni di Newport News Shipbuilding (NNS) - Charleston. L'impianto supporterà la costruzione di moduli per sottomarini nucleari e unità per portaerei per i programmi della Marina degli Stati Uniti. Oltre il 99% dei lavoratori esistenti ha accettato le offerte per continuare a lavorare nel sito.
L'acquisizione include 480.000 piedi quadrati di spazio produttivo su 45 acri, dotato di attrezzature e infrastrutture all'avanguardia. L'impianto offre accesso a colli e trasporto ferroviario, oltre a una posizione strategica nel crescente ecosistema della costruzione navale di Charleston. HII prevede di creare centinaia di posti di lavoro aggiuntivi per supportare l'aumento della domanda e la crescita nell'impianto di Charleston.
L'espansione mira ad aumentare la capacità di costruzione navale e il throughput per i clienti della sicurezza nazionale, supportando in particolare le esigenze della Marina e dell'AUKUS. La posizione strategica consente l'accesso a una forza lavoro qualificata nel settore marittimo con potenziale per ulteriori espansioni.
HII (NYSE: HII) ha completado la adquisición de una instalación de fabricación avanzada en Carolina del Sur, estableciendo las operaciones de Newport News Shipbuilding (NNS) - Charleston. La instalación apoyará la construcción de módulos de submarinos nucleares y unidades de portaaviones para los programas de la Marina de los EE. UU. Más del 99% de la fuerza laboral existente ha aceptado ofertas para continuar trabajando en el sitio.
La adquisición incluye 480,000 pies cuadrados de espacio de fabricación en 45 acres, con equipos e infraestructura de última generación. La instalación ofrece acceso a transporte por barcazas y ferrocarril, junto con la proximidad al ecosistema en crecimiento de la construcción naval de Charleston. HII planea crear cientos de empleos adicionales para apoyar la creciente demanda y el crecimiento en la instalación de Charleston.
La expansión tiene como objetivo aumentar la capacidad de construcción naval y el rendimiento para los clientes de seguridad nacional, apoyando en particular los requisitos de la Marina y de AUKUS. La ubicación estratégica proporciona acceso a una fuerza laboral calificada en oficios marítimos con potencial para una mayor expansión.
HII (NYSE: HII)는 사우스캐롤라이나에 있는 고급 제조 시설의 인수를 완료하고, 뉴포트 뉴스 조선소(NNS) - 찰스턴 운영을 설립했습니다. 이 시설은 미국 해군 프로그램을 위해 핵잠수함 모듈과 항공모함 유닛의 건설을 지원합니다. 기존 노동자의 99% 이상이 해당 현장에서 계속 일하기 위한 제안을 수락했습니다.
인수에는 480,000 평방피트의 제조 공간과 45에이커가 포함되어 있으며, 최첨단 장비와 인프라가 갖추어져 있습니다. 이 시설은 바지선 및 철도 운송 접근을 제공하며 찰스턴의 성장하는 조선 생태계와 가까운 위치에 있습니다. HII는 찰스턴 시설의 증가하는 수요와 성장을 지원하기 위해 수백 개의 추가 일자리를 창출할 계획입니다.
확장은 특히 해군 및 AUKUS 요구 사항을 지원하면서 국가 안보 고객을 위한 조선 용량과 처리량을 증가시키는 것을 목표로 합니다. 이 전략적 위치는 추가 확장의 잠재력을 가진 숙련된 해양 기술 인력에 접근할 수 있게 합니다.
HII (NYSE: HII) a finalisé l'acquisition d'une installation de fabrication avancée en Caroline du Sud, établissant les opérations de Newport News Shipbuilding (NNS) - Charleston. L'installation soutiendra la construction de modules de sous-marins nucléaires et d'unités de porte-avions pour les programmes de la Marine américaine. Plus de 99 % des employés existants ont accepté des offres pour continuer à travailler sur le site.
L'acquisition comprend 480 000 pieds carrés d'espace de fabrication sur 45 acres, dotée d'équipements et d'infrastructures à la pointe de la technologie. L'installation offre un accès au transport par barge et ferroviaire, ainsi qu'une proximité avec l'écosystème florissant de la construction navale de Charleston. HII prévoit de créer des centaines d'emplois supplémentaires pour soutenir l'augmentation de la demande et la croissance dans l'installation de Charleston.
L'expansion vise à accroître la capacité de construction navale et le débit pour les clients de la sécurité nationale, en soutenant en particulier les exigences de la Marine et de l'AUKUS. L'emplacement stratégique permet d'accéder à une main-d'œuvre qualifiée dans les métiers maritimes avec un potentiel d'expansion supplémentaire.
HII (NYSE: HII) hat die Akquisition einer hochmodernen Fertigungsanlage in South Carolina abgeschlossen und die Newport News Shipbuilding (NNS) - Charleston Betriebsstätten eingerichtet. Die Anlage wird den Bau von nuklearbetriebenen U-Boot-Modulen und Flugzeugträger-Einheiten für die Programme der US Navy unterstützen. Über 99% der bestehenden Belegschaft haben Angebote angenommen, um am Standort weiterzuarbeiten.
Die Akquisition umfasst 480.000 Quadratfuß Fertigungsfläche auf 45 Acres, ausgestattet mit modernster Technologie und Infrastruktur. Die Anlage bietet Zugang zu Binnenschiff- und Eisenbahntransport und liegt in der Nähe des wachsenden Schiffbau-Ökosystems von Charleston. HII plant, Hunderte von zusätzlichen Arbeitsplätzen zu schaffen, um die gestiegene Nachfrage und das Wachstum in der Charleston-Anlage zu unterstützen.
Die Expansion zielt darauf ab, die Schiffbaukapazität und den Durchsatz für nationale Sicherheitskunden zu erhöhen, insbesondere um die Anforderungen der Marine und von AUKUS zu unterstützen. Der strategische Standort ermöglicht den Zugang zu einer qualifizierten maritimen Fachkräftebasis mit Potenzial für eine weitere Expansion.
- Retention of 99% of existing skilled workforce
- Acquisition of 480,000 sq ft advanced manufacturing facility with modern equipment
- Strategic expansion of production capacity for Navy contracts
- Access to transportation infrastructure (barge and rail)
- Plans for hundreds of new job creation
- None.
Insights
This strategic acquisition marks a pivotal expansion in HII's shipbuilding capabilities, addressing critical capacity constraints in the U.S. naval shipbuilding industrial base. The 480,000-square-foot facility with advanced manufacturing capabilities represents an immediate force multiplier for HII's submarine and aircraft carrier programs.
The timing is particularly significant given the escalating demands from both the U.S. Navy's submarine programs and the AUKUS agreement. The facility's location in Charleston's maritime hub leverages an established shipbuilding ecosystem, providing access to a skilled workforce and essential transportation infrastructure. The 99% workforce retention rate is crucial, as it preserves institutional knowledge and enables immediate operational continuity.
This expansion addresses several strategic imperatives:
- Immediate capacity expansion without the typical 2-3 year ramp-up period for new facilities
- Geographic diversification of HII's manufacturing footprint
- Access to a new labor market amid industry-wide skilled workforce shortages
- Enhanced modular construction capabilities to accelerate submarine production
The acquisition positions HII to capture increased defense spending in submarine construction, particularly as the AUKUS agreement drives demand for additional nuclear-powered submarines. The Charleston facility's rail and barge access provides logistical flexibility for module transportation to Newport News, potentially reducing production bottlenecks and improving overall program execution.
Operations Are Underway at Newport News Shipbuilding Charleston Operations
GOOSE CREEK, S.C., Jan. 27, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today it has closed on its acquisition of an advanced manufacturing facility and assets and begun work at its Newport News Shipbuilding (NNS) — Charleston Operations site in South Carolina.
“HII is committed to going where the labor is to increase shipbuilding capacity and increase throughput for our national security customers,” HII President and CEO Chris Kastner said. “This lets us efficiently add trained talent and state-of-the-art manufacturing capabilities to the urgent job of building ships, making it a unique opportunity to immediately accelerate throughput at Newport News Shipbuilding in support of the Navy and AUKUS.”
HII announced last month its intent to acquire the facility and associated assets. Since then, more than
Photos accompanying this release are available at: https://hii.com/news/hii-closes-on-asset-acquisition-to-expand-shipbuilding-capacity/.
In addition to existing trained talent, HII’s acquisition also provides:
- Advanced production facilities with state-of-the-art manufacturing equipment, tooling and infrastructure used to fabricate complex metal modules and structures.
- Facility location on 45-acres with more than 480,000 square feet of manufacturing space.
- Access to barge and rail transportation.
- Access in nearby Charleston and surrounding region to rapidly growing shipbuilding ecosystem and capacity to expand a highly skilled maritime trades workforce.
“This is great news for the South Carolina economy. This investment will allow us to expand our manufacturing footprint more aggressively in the shipbuilding industry,” U.S. Sen. Lindsey Graham, R-S.C., said. “If you can drive it, fly it, shoot it or float it, South Carolina makes it.”
“The expansion of our nation’s largest military shipbuilder in South Carolina underscores the pivotal role our state plays in strengthening America’s national security,” U.S. Sen. Tim Scott, R-S.C., said. “The dedicated shipbuilders in the Charleston area are part of a highly skilled workforce that will propel our nation forward. This innovation and modernization in our defense industrial base will create jobs and draw resources to our state’s already robust Navy presence.”
About HII
HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.
As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
- HII on the web: https://www.HII.com/
- HII on Facebook: https://www.facebook.com/TeamHII
- HII on X: https://www.twitter.com/WeAreHII
- HII on Instagram: https://www.instagram.com/WeAreHII
Cautionary Statement Regarding Forward-Looking Statements
Statements in this release, other than statements of historical fact, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," “guidance,” “projections,” “outlook,” and similar words or phrases or the negative of these words or phrases generally identify these forward-looking statements. Forward-looking statements include, among other things, statements relating to the Company’s future financial condition, results of operations or cash flows, and expected benefits of the transaction. Forward-looking statements are based upon assumptions, expectations, plans and projections that we believe to be reasonable when made, but which may change over time. These statements are not guarantees of future performance and inherently involve a wide range of risks and uncertainties that are difficult to predict. Specific risks that could cause actual results to differ materially from those expressed or implied in these forward-looking statements include, but are not limited to: those discussed in this release; those identified under “Risk Factors” and other important factors disclosed in our Annual Report on Form 10-K for the year ended December 31, 2023 and from time to time in our other filings with the SEC; the possibility that anticipated benefits of the acquisition may not be realized or may take longer to realize than expected; the risk that management time may be diverted on acquisition and integration-related matters; and other events or circumstances that could adversely impact the business. There may be other risks and uncertainties that we are unable to predict at this time. You are urged to consider the limitations on, and risks associated with, forward-looking statements and not unduly rely on the forward-looking statements including the accuracy thereof. Forward-looking statements are based on information, plans and estimates as of the date they are made and there may be other factors that may cause actual results to differ materially from these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise, except as required by applicable law.
Contacts: | |
| Todd Corillo | Danny Hernandez |
| Todd.T.Corillo@hii-co.com | Danny.J.Hernandez@hii-co.com |
| (757) 688-3220 | (202) 264-7143 |
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5eea076b-7c75-42b9-8fbe-72479d514f66
FAQ
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