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.
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.
HII (NYSE: HII) announces the appointment of Jeff Jackson as senior director of talent development in its Mission Technologies division. Reporting to Melanie Anderson, he will enhance talent strategies focused on leadership development, employee engagement, and diversity initiatives. This role aims to align human capital with the strategic objectives of the division, especially following recent acquisitions that enriched HII’s technical expertise. Jackson brings extensive experience from the defense sector and will contribute significantly to shaping the company's culture.
PASCAGOULA, Miss., June 4, 2022 – HII (NYSE: HII) christened the Calhoun (WMSL 759), a Legend-class national security cutter at Ingalls Shipbuilding. Named after Charles L. Calhoun, the first master chief petty officer of the U.S. Coast Guard, this vessel honors his legacy. The ship's christening, marked by the breaking of a wine bottle by his granddaughter, Christina Calhoun Zubowicz, signifies a strong partnership with the U.S. Coast Guard. The Calhoun is the 10th national security cutter, with nine previously delivered and two under construction, expected to enhance national security and operational capabilities.
HII (NYSE:HII) has announced Brandi Smith as the new vice president of the Columbia-class program at Newport News Shipbuilding, effective June 1. She succeeds Charles Southall, who retires after over 35 years. The Columbia-class is the U.S. Navy's top acquisition priority, set to replace the Ohio-class submarines. Smith, who joined HII in 2002, brings extensive experience from various roles within the company, including director of the Columbia-class construction program. HII remains America’s largest shipbuilder, with a workforce of 44,000.
HII (NYSE:HII) will participate in Bernstein's Strategic Decisions Conference on June 2, 2022, with President and CEO Chris Kastner presenting at 3:30 p.m. Eastern time. The event will be available via webcast at ir.hii.com. HII is recognized as America's largest shipbuilder, providing advanced defense and technology solutions. With a 135-year legacy, HII offers capabilities including naval ships, unmanned systems, and analytics. The company employs 44,000 individuals and is committed to U.S. national security.
HII (NYSE:HII) has awarded $100,000 in grants to 25 STEM initiatives in Mississippi and Alabama through its Ingalls Shipbuilding division. This funding is part of a decade-long commitment, totaling over $1.1 million, to support STEM education. Kari Wilkinson, president of Ingalls Shipbuilding, emphasized the importance of STEM for future shipbuilders. Teachers praised the grants for enhancing educational opportunities, including robotics and engineering projects. HII continues to invest in education and workforce development through partnerships and apprenticeship programs.
HII (NYSE:HII) announced plans to hire approximately 5,000 employees in 2022, focusing on skilled trades to support U.S. Navy shipbuilding. The company aims to hire nearly 21,000 over the next decade for aircraft carriers and submarines. Entry-level positions start at $21-plus per hour, with sign-on bonuses available. Newport News Shipbuilding is actively recruiting nationwide and partnering with workforce agencies, emphasizing training and career development for new hires.
HII (NYSE:HII) reported first quarter 2022 revenues of $2.6 billion, a 13.1% increase year-over-year, mainly due to the acquisition of Alion Science and Technology. Net earnings reached $140 million, translating to $3.50 diluted earnings per share, down from $148 million and $3.68 respectively in Q1 2021. Operating income fell to $138 million with a margin of 5.4%. Notably, free cash flow was negative at $126 million. New contract awards amounted to approximately $2.0 billion, with a total backlog of $47.9 billion as of March 31, 2022.
HII hosted U.S. Secretary of Labor Marty Walsh and Rep. Bobby Scott for a tour of The Apprentice School at Newport News Shipbuilding. Funded by HII, the school provides tuition-free apprenticeships in 19 trades. Walsh praised the program as a model for workforce development, emphasizing its role in preparing workers for high-demand jobs. The Apprentice School is accredited and offers associate degrees in various fields through partnerships with local colleges. HII, America's largest shipbuilder, focuses on advancing national security through a strong workforce of 44,000 employees.
HII (NYSE:HII) has declared a quarterly cash dividend of $1.18 per share, scheduled for payment on June 10, 2022. Shareholders on record as of May 27, 2022 will qualify for this dividend. HII, renowned as America’s largest shipbuilder, provides vital defense and technology solutions that support U.S. national security. The company has a 135-year history and a workforce of 44,000 employees, emphasizing its long-standing commitment to delivering advanced capabilities in naval ships, unmanned systems, and AI/ML analytics.
FAQ
What is the current stock price of Huntington Ingalls Inds (HII)?
What is the market cap of Huntington Ingalls Inds (HII)?
What does Huntington Ingalls Industries specialize in?
What are the core divisions of HII?
How does HII maintain its technological edge?
Who are HII’s primary customers?
What are some of the key technologies HII employs?
How does HII differentiate itself from its competitors?
