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Huntington Ingalls Inds Inc - HII STOCK NEWS

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Overview

Huntington Ingalls Industries (HII) stands as America’s largest independent military shipbuilder with a storied legacy spanning more than a century. Renowned for its robust engineering and uncompromising quality in naval construction, HII delivers advanced shipbuilding, defense systems, and military engineering solutions. The company excels in constructing both nuclear and non-nuclear vessels, seamlessly integrating traditional shipbuilding with modern digital manufacturing methods and state-of-the-art technology.

Core Business Areas and Operations

HII operates through several well-defined segments that underscore its diverse capabilities:

  • Naval Shipbuilding: With its two established divisions – the Newport News Shipbuilding and Ingalls Shipbuilding yards – HII builds an extensive array of ships. Newport News focuses on nuclear-powered vessels, including aircraft carriers and submarines, and is the sole producer of key classes like the Gerald Ford-class carriers. Ingalls Shipbuilding produces a variety of non-nuclear platforms including amphibious assault ships and destroyers.
  • Mission Technologies: This segment leverages HII's engineering expertise to develop advanced unmanned systems, cyber capabilities, and IT solutions. Its innovations extend to autonomous sea vessels, advanced coatings for aerospace applications, and next-generation navigation and autonomy technologies for U.S. government agencies.
  • Manufacturing and Engineering Services: In addition to shipbuilding, HII provides critical manufacturing, management, and engineering services to sectors such as nuclear energy, oil, and gas. Its capacity to innovate in material sciences and advanced production techniques demonstrates a commitment to operational excellence and technological advancement.

Technological Innovation and Capabilities

Key to HII’s success is its relentless pursuit of technological innovation. The company harnesses digital design, visual work instructions on modern computing devices, and cutting-edge manufacturing techniques to improve efficiency and precision. For example, its Mission Technologies division has propelled advancements in unmanned underwater vehicles (UUVs) and autonomous navigation systems, underlining its agility in addressing diverse defense challenges.

The company also invests in specialized labs and facilities dedicated to R&D, such as advanced materials and coatings laboratories that enhance the durability and performance of aerospace and naval assets. Through these initiatives, HII consistently integrates emerging technologies like artificial intelligence (AI), machine learning, robotics, and Big Data analytics, ensuring that its solutions remain at the forefront of military and defense innovation.

Market Position and Competitive Landscape

HII holds a distinctive place in the defense and industrial manufacturing sectors. Its unmatched experience in constructing sophisticated military vessels gives it a competitive edge in a domain that demands high precision and adherence to rigorous standards. By combining heritage with innovation, HII not only supports current national security initiatives but also reinforces the U.S. Navy’s fleet capabilities through its diversified portfolio of products and services.

Strategic partnerships, long-term contracts with the U.S. government, and its ability to integrate novel technological solutions have cemented its reputation among defense contractors. While competitors exist in specialized segments such as submarine construction or unmanned systems, HII’s comprehensive expertise across multiple high-stakes domains sets it apart as a powerhouse of industrial and military engineering.

Operational Excellence and Legacy

From its inception, HII has built more ships in various classes than any other U.S. naval shipbuilder. The company’s operational excellence is underpinned by decades of experience, a proven track record in innovative ship design, and an unwavering commitment towards national defense. Its production processes leverage a blend of traditional craftsmanship and modern technological tools, ensuring high-quality outcomes even under the most demanding circumstances.

HII’s legacy is not just measured in vessels launched but also in its continuous adaptation to new challenges. Whether it is through pioneering digital construction techniques or integrating advanced materials for enhanced performance in harsh environments, HII demonstrates a level of expertise that is indispensable in today’s rapidly evolving defense landscape.

Commitment to Quality and Expertise

At its core, HII’s mission is to deliver powerful, reliable, and innovative solutions that empower U.S. national security. The company’s emphasis on quality is evident in every phase of its operations – from initial design and engineering to unparalleled manufacturing and after-market services. Its integrated approach and precision-driven processes underscore a deep commitment to excellence, making it a trusted partner in defense and industrial manufacturing.

Summary

In summary, Huntington Ingalls Industries is not just a shipbuilder but a multifaceted industrial giant that propels the U.S. Navy forward by delivering cutting-edge technological solutions and world-class engineering services. Its extensive portfolio in military shipbuilding, coupled with advanced capabilities in unmanned systems and digital transformation, embodies a legacy of innovation and steadfast commitment to national security. By continuously embracing new technologies and honing its expertise, HII remains a cornerstone of the defense industry, committed to preserving and enhancing the capabilities of America’s armed forces.

Key Industry Keywords

Shipbuilding, Defense Systems, Military Engineering.

Rhea-AI Summary

HII, the leading manufacturer of underwater unmanned vehicles (UUVs), recently sold three REMUS 100s and five REMUS 300s to the Royal Navy, enhancing their underwater capabilities. The longstanding partnership between HII and the United Kingdom military supports the Royal Navy's exploration, countermine, and surveillance programs. The advanced sensors and systems of REMUS UUVs will boost operational efficiency for various maritime missions.

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HII reported record first quarter revenues of $2.8 billion, an increase of 4.9% from the previous year. Operating income rose by 9.2%, reaching $154 million. Net earnings were $153 million, with diluted earnings per share at $3.87. New contract awards amounted to $3.1 billion, resulting in a backlog of $48.4 billion. The company reaffirmed its financial guidance.

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HII's Ingalls Shipbuilding division hosted a 'signing day' for the 2024 graduates of its Shipbuilder Academy, offering full-time positions to 25 high school students. Participants gain valuable experience through hands-on training, mentorship, and classroom instruction, preparing them for successful shipbuilding careers. The program's success stems from partnerships with local high schools, nurturing a strong talent pipeline. Ingalls reaffirms its commitment to building ships and careers in the Gulf Coast region.

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HII, a company listed on NYSE, declared a quarterly cash dividend of $1.30 per share. The dividend will be paid on June 14, 2024, to shareholders of record as of May 31, 2024.

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HII’s Ingalls Shipbuilding division hosted an inaugural Scout merit badge day, fostering the next generation of leaders while nurturing the values of hard work, dedication, commitment, and community engagement. The event welcomed over 100 Scouts and Scout leaders, offering them the opportunity to choose from eight areas of interest and earn two badges. The initiative aims to inspire and support the next generation of shipbuilders.

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Huntington Ingalls Industries (HII) announced the delivery of the Virginia-class submarine New Jersey (SSN 796) to the U.S. Navy. This marks the 11th Virginia-class submarine delivered by Newport News Shipbuilding, with more than 10,000 shipbuilders involved in its construction. New Jersey is part of a teaming agreement with General Dynamics Electric Boat and is the first Virginia-class submarine with crew gender integration. The submarine was christened in November 2021 and is set to be commissioned later this year.
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HII's Ingalls Shipbuilding division delivers amphibious transport dock LPD 29 to the U.S. Navy, marking a significant milestone in the San Antonio-class ship series. The delivery showcases the collaborative efforts between industry and government, setting the stage for future Flight II production. Ingalls continues to demonstrate its expertise in naval ship construction with ongoing projects and a strong partnership with the Navy and Marine Corps.
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HII (NYSE: HII) has been recognized as a 2024 Best Employers: Excellence in Health & Well-being Award winner for its commitment to employee well-being. The company offers innovative benefits and initiatives focused on mental health and health equity. HII's diverse mix of programs aims to enhance the physical, financial, and emotional well-being of employees and their families.
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HII (NYSE: HII) secures a $74 million contract to enhance fleet defensive capabilities for U.S. Navy ships by developing improved vertical launching systems. The contract includes outfitting the first Zumwalt-class destroyer with advanced technology, aiming to bolster warfighters' defensive capabilities. HII's mission technologies division will conduct research, analysis, and development to support the Navy's combat systems and sensors, emphasizing technological advancements for naval warfare.
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HII's Newport News Shipbuilding division completes dry dock phase of USS John C. Stennis refueling and complex overhaul, showcasing significant upgrades and maintenance work.
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FAQ

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

The current stock price of Huntington Ingalls Inds (HII) is $219.48 as of April 17, 2025.

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

The market cap of Huntington Ingalls Inds (HII) is approximately 8.6B.

What does Huntington Ingalls Industries specialize in?

HII specializes in military shipbuilding and advanced defense systems. It constructs both nuclear and non-nuclear naval vessels and also provides mission technologies including unmanned systems and cybersecurity.

What are the core divisions of HII?

HII operates primarily through its Newport News Shipbuilding and Ingalls Shipbuilding divisions for vessel construction, along with a Mission Technologies segment that focuses on IT, unmanned systems, and advanced engineering services.

How does HII maintain its technological edge?

HII invests in advanced research and development, leveraging digital design, modern manufacturing techniques, and specialized labs. Its continuous innovations in unmanned systems and digital construction help sustain its competitive advantage.

Who are HII’s primary customers?

HII primarily serves the U.S. Navy and defense-related government agencies. Its projects support national security initiatives and advanced military operations through long-term government contracts.

What are some of the key technologies HII employs?

Key technologies include nuclear propulsion for shipbuilding, autonomous unmanned systems, advanced materials and coatings for aerospace, as well as integrated IT and cyber solutions for defense applications.

How does HII differentiate itself from its competitors?

HII differentiates itself through its extensive legacy, comprehensive range of services, and continuous innovation across multiple sectors of defense manufacturing. Its dual focus on both nuclear and non-nuclear ships along with mission technologies makes its approach unique.
Huntington Ingalls Inds Inc

NYSE:HII

HII Rankings

HII Stock Data

8.63B
38.89M
0.72%
95.77%
6.47%
Aerospace & Defense
Ship & Boat Building & Repairing
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United States
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