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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's Enlighten subsidiary supported the U.S. Coast Guard in achieving a three-year 'authority to operate' (ATO) status on its Integrated Data Environment known as SURVEYOR. The collaboration improved the platform's efficiency, allowing for streamlined data management and quicker access to critical information, ultimately bolstering the decision-making process. This partnership provides the Coast Guard with new tools utilizing big data for enhanced maritime and cybersecurity mission areas. The three-year ATO status underscores the reliability, efficiency, and advanced capabilities that Enlighten brings to the forefront of maritime data analytics.
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HII's Ingalls Shipbuilding division completes successful builder's sea trials for LPD 29, with plans for delivery in the spring. The division has delivered 12 San Antonio-class ships and has three LPDs under construction. The company received a $1.3 billion modification to a contract for the construction of LPD 32, named Philadelphia.
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HII (NYSE:HII) reported strong financial results in the fourth quarter of 2023, with a 13% increase in revenues to $3.2 billion and a full-year record revenue of $11.5 billion, growing by 7.3% year over year. Diluted earnings per share for the quarter was $6.90, and $17.07 for the full year. Net cash provided from operations was $970 million, and free cash flow was $692 million in 2023. New contract awards in 2023 were approximately $12.5 billion, bringing total backlog to approximately $48.1 billion as of December 31, 2023.
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HII (NYSE: HII) has announced an increase in its share repurchase program from $3.2 billion to $3.8 billion, extending the term from Oct. 31, 2024, to Dec. 31, 2028. This decision reflects the company's confidence in its free cash flow generation and commitment to returning free cash flow to shareholders. The program allows for share purchases at the discretion of management, subject to market conditions, and may be suspended or discontinued at any time.
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HII (NYSE: HII) announced a $913 million advanced planning contract for the refueling and complex overhaul of the nuclear-powered aircraft carrier USS Harry S. Truman. The contract covers engineering, design, material procurement, and documentation, aiming to ensure the success of the project. The ship, christened in 1996, will be the eighth Nimitz-class carrier to undergo RCOH, representing 35% of all maintenance and modernization during its 50-year service life.
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HII (NYSE: HII) will host its Investor Day on March 20, 2024, featuring presentations on the company’s strategy and financial outlook, with Chris Kastner, president and CEO, and Tom Stiehle, executive vice president and chief financial officer. The event will be held at the New York Stock Exchange, starting at 9 a.m. EST. Limited in-person attendance is by invitation only, but the live webcast can be accessed from HII’s Investor Relations site, with a replay available afterward.
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HII hosted Assistant Secretary of the Navy for Research, Development and Acquisition Nickolas Guertin at its Newport News Shipbuilding division. The visit focused on updates on major programs, investments in new facilities, advancements in workforce development, and digital technologies to improve operational efficiency. Guertin saw construction progress on aircraft carriers and toured facilities for submarine construction. NNS is the nation’s sole designer, builder, and refueler of nuclear-powered aircraft carriers and one of only two shipyards capable of designing and building nuclear-powered submarines for the U.S. Navy.
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HII hosted UK Minister of State Anne-Marie Trevelyan at its Newport News Shipbuilding division in support of the AUKUS partnership. The visit showcased HII's role in constructing submarines and workforce development expertise. The UK, US, and Australia aim to support security and stability in the Indo-Pacific region through AUKUS.
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HII's Ingalls Shipbuilding division awarded $100,000 in grants to 24 STEM-related initiatives from schools and educational organizations in Mississippi and Alabama. The awards support science, technology, engineering, and math education. Ingalls has awarded over $1.1 million in the past decade for teacher training and projects. The funds will go towards STEM-related equipment and projects, with the next application cycle opening in August 2024. HII is committed to shaping the future of engineering, science, and technology through investments in STEM education programs.
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HII (NYSE: HII) announced a $197 million recompete task order contract for research and development of the Joint Training Synthetic Environment (JTSE) to enable joint force readiness. The five-year term contract will be conducted by HII's Mission Technologies division, supporting combatant commands, military branches, federal agencies, academia, industry, and multi-national partners. The company aims to develop a high-fidelity training capability to support the future fight.
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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 $202.2 as of April 1, 2025.

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

The market cap of Huntington Ingalls Inds (HII) is approximately 7.9B.

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

7.94B
38.89M
0.72%
95.77%
6.47%
Aerospace & Defense
Ship & Boat Building & Repairing
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United States
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