HII Completes Initial Sea Trials of Virginia-Class Submarine New Jersey (SSN 796)

Rhea-AI Summary

HII (NYSE: HII) successfully completes initial sea trials for Virginia-class attack submarine New Jersey (SSN 796) at Newport News Shipbuilding division. Testing included submerging the submarine for the first time and conducting high-speed maneuvers. New Jersey, the 23rd Virginia-class submarine, marks a significant milestone with gender integration modification.

Insights

Defense Industry Analyst

The completion of initial sea trials for the Virginia-class attack submarine New Jersey (SSN 796) signifies a pivotal phase in defense manufacturing and procurement. This event is a critical step towards fulfilling the U.S. Navy's strategic requirements and maintaining technological superiority in underwater defense capabilities. It is noteworthy that the New Jersey is the 23rd submarine of its class and represents a continuation of a significant defense program with substantial economic implications, including job creation and the engagement of a wide network of suppliers across the nation.

From a financial perspective, the successful sea trials may positively influence investor confidence in HII, potentially affecting the company's stock performance. The progress also signals HII's ability to meet complex project milestones, which can be a determinant in securing future contracts and maintaining a competitive edge in the defense sector. The introduction of gender integration modifications in the New Jersey's design also reflects evolving military policies and HII's adaptability to these changes, which may have broader implications for defense contractors' approaches to inclusivity and design innovation.

Military Procurement Expert

The successful sea trials of the New Jersey (SSN 796) have implications for the U.S. Navy's fleet readiness and operational capabilities. The Virginia-class submarines are designed for a broad spectrum of open-ocean and littoral missions, enhancing the Navy's capacity to project power and maintain a global presence. The added significance of this particular submarine being the first designed for gender integration suggests a forward-looking approach to military needs and societal standards, which could influence future defense procurement policies.

For stakeholders, the long-term benefits include the assurance of continued support and upgrades to the fleet, fostering a robust defense posture. However, the cost of such advanced submarines and the necessary budget allocations could be a point of contention, especially in an era of fiscal scrutiny. The strategic importance of these submarines must be weighed against other defense spending priorities, which could shape the future landscape of military procurement and defense industry investments.

NEWPORT NEWS, Va., Feb. 29, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today the successful completion of initial sea trials for Virginia-class attack submarine New Jersey (SSN 796) by the company’s Newport News Shipbuilding division. New Jersey spent several days at sea to test the boat’s systems and components.

Testing included submerging the submarine for the first time and conducting high-speed maneuvers while on the surface and submerged. NNS teams will continue the testing program ahead of delivering the boat to the U.S. Navy.

“Taking New Jersey out for the first time is a significant milestone and the first major test of the submarine’s capabilities at sea,” said Jason Ward, NNS vice president of Virginia-class submarine construction. “Both New Jersey and her crew performed exceptionally well. This was truly a team effort between shipbuilders, thousands of suppliers around the country and the crew. We look forward to delivering New Jersey to the Navy soon so it can begin its service to our nation.”

The boat, the 23^rd Virginia-class submarine, was christened in November 2021. New Jersey will be the 11^th to be delivered by NNS. It is the first submarine designed with a modification for gender integration.

Photos and video accompanying this release are available at: https://hii.com/news/hii-completes-initial-sea-trials-of-virginia-class-submarine-new-jersey-ssn-796/.

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 Twitter: https://www.twitter.com/WeAreHII
• HII on Instagram: https://www.instagram.com/WeAreHII

Contact:
Todd Corillo
Todd.T.Corillo@hii-co.com
(757) 688-3220

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/607c8f30-5001-4a38-81b1-3532357a04fc

 

FAQ

What is the ticker symbol for Huntington Ingalls Industries mentioned in the press release?

The ticker symbol for Huntington Ingalls Industries is HII.

What was the purpose of the initial sea trials for the Virginia-class attack submarine New Jersey (SSN 796) by HII?

The initial sea trials were conducted to test the boat’s systems and components, including submerging the submarine for the first time and conducting high-speed maneuvers.

How many Virginia-class submarines have been delivered by Newport News Shipbuilding division so far?

Newport News Shipbuilding division has delivered 11 Virginia-class submarines, including New Jersey (SSN 796).

What is unique about the design of the Virginia-class submarine New Jersey (SSN 796) mentioned in the press release?

New Jersey is the first submarine designed with a modification for gender integration, setting it apart from previous submarines of the same class.