HII Hosts South Australia Premier at Newport News Shipbuilding

Rhea-AI Summary

On May 17, 2024, HII hosted South Australia Premier Peter Malinauskas at its Newport News Shipbuilding division. This visit supports the AUKUS partnership involving Australia, UK, and the US, aimed at providing Australia with conventionally armed, nuclear-powered submarines. HII and the South Australian Government had previously signed an MOU in November for a cooperative working arrangement to leverage HII's maritime industrial expertise. Malinauskas highlighted the potential for South Australian companies to enter the global supply chain for nuclear-powered submarines. HII's commitment includes addressing critical skills, education, and training programs in Australia.

Positive

• HII is actively supporting the AUKUS partnership, enhancing international collaboration.
• The partnership aims to provide Australia with state-of-the-art nuclear-powered submarines.
• Signed MOU with South Australian Government to leverage HII's expertise in shipbuilding.
• HII to address critical skills, education, and training needs in Australia.
• Potential for South Australian companies to enter the global supply chain for submarines.
• HII is a founding member of the AUKUS Workforce Alliance (AWA) for skilled workforce development.

Negative

• No concrete financial data or immediate financial benefits detailed in the PR.
• The long-term nature of the project may delay tangible returns for investors.
• Potential risks in meeting the technical and logistical demands of the AUKUS partnership.

NEWPORT NEWS, Va., May 17, 2024 (GLOBE NEWSWIRE) -- Shipbuilder and all-domain technologies provider HII (NYSE: HII) hosted South Australia Premier Peter Malinauskas at its Newport News Shipbuilding division today.

The visit was held in support of the trilateral Australia, United Kingdom and United States (AUKUS) partnership. HII continues its commitment to supporting AUKUS, which set in motion tasking across all three countries to determine the optimal pathway to provide Australia with conventionally armed, nuclear-powered submarines.

Friday’s visit follows a memorandum of understanding between HII and the South Australian Government signed in November that outlines the shared intent to participate in a cooperative working arrangement — leveraging HII’s international maritime industrial expertise to prepare South Australia for major shipbuilding projects.

“It was an honor to see Premier Malinauskas again, this time in the United States, and demonstrate HII’s long history of workforce and supply chain development expertise,” said Michael Lempke, who leads HII’s Australia business. “We look forward to continuing our commitment to help address critical skills needs, education and training programs, and supply chain capability in Australia as they create the infrastructure necessary for building, operating and sustaining nuclear-powered submarines.”

Photos accompanying this release are available at: https://hii.com/news/hii-hosts-south-australia-premier-at-newport-news-shipbuilding/.

During the visit Malinauskas emphasized that the collaboration with HII could help South Australian companies enter the global supply chain for nuclear-powered submarines.

“I want to ensure South Australian suppliers have a head start in competing to enter the global supply chain for nuclear-powered submarines,” Malinauskas said. “Nuclear-powered submarines are the most complex machines in the world and building these submarines requires highly technical skills and capabilities. HII, America’s largest shipbuilder, is at the forefront of this technology — it was an honor to visit and see their shipbuilding team in action.”

NNS is one of only two shipyards capable of designing and building nuclear-powered submarines for the U.S. Navy. HII is the founding member of the AUKUS Workforce Alliance (AWA), a dedicated partnership committed to preparing a skilled workforce in support of all steps of Australia’s optimal pathway to sovereign nuclear-powered submarines.

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

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/4787a7e4-2f27-4d89-abf2-85e6c4fef393

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FAQ

What was the purpose of South Australia Premier's visit to HII?

The visit supported the AUKUS partnership and aimed to enhance collaboration on providing Australia with nuclear-powered submarines.

What does the AUKUS partnership entail for HII?

AUKUS involves collaboration between Australia, the UK, and the US, with HII working to provide Australia with nuclear-powered submarines.

When did HII sign the MOU with the South Australian Government?

HII signed the MOU with the South Australian Government in November.

What is the AUKUS Workforce Alliance (AWA)?

AWA is a partnership dedicated to preparing a skilled workforce for Australia's pathway to sovereign nuclear-powered submarines, with HII as a founding member.

What are the benefits for South Australian companies from this collaboration?

The collaboration could help South Australian companies enter the global supply chain for nuclear-powered submarines.