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Huntington Ingalls Inds Inc - HII STOCK NEWS

Welcome to our dedicated page for Huntington Ingalls Inds news (Ticker: HII), a resource for investors and traders seeking the latest updates and insights on Huntington Ingalls Inds stock.

Huntington Ingalls Industries (HII) is America's largest military shipbuilder, delivering advanced naval defense systems and mission technologies. This page provides investors and industry professionals with verified updates on corporate developments shaping national security markets.

Access official press releases, earnings reports, and analysis of defense contracts. Track naval engineering milestones, government partnerships, and innovations from HII's Mission Technologies division through curated updates sourced directly from company communications.

Key updates include quarterly financial results, vessel delivery announcements, cybersecurity advancements, and Department of Defense procurement awards. All content adheres to financial disclosure standards for reliable decision-making.

Bookmark this page to monitor HII's strategic initiatives in military shipbuilding and unmanned systems through a single authoritative channel.

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HII (NYSE:HII) has declared a quarterly cash dividend of $1.30 per share, payable on March 8, 2024, to shareholders of record as of Feb. 23, 2024.
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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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Huntington Ingalls Inds Inc

NYSE:HII

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HII Stock Data

8.46B
38.89M
0.72%
95.77%
6.47%
Aerospace & Defense
Ship & Boat Building & Repairing
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United States
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