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.
Huntington Ingalls Industries (NYSE: HII) announced the appointment of Kimberly Lebak as president and general manager of Newport News Nuclear BWXT-Los Alamos (N3B). She will oversee the 10-year, $1.4 billion legacy cleanup contract for the Los Alamos site under the U.S. Department of Energy. Lebak, who has a strong background in government and was previously the manager of the National Nuclear Security Administration Los Alamos Field Office, joined HII in 2018. Her leadership is expected to enhance N3B’s operational effectiveness.
Huntington Ingalls Industries (NYSE: HII) invites media to a briefing on August 2, 2021, at the Gaylord National Resort, discussing its role as a solutions provider for national security. Key executives, including Chris Kastner and Jennifer Boykin, will present insights on the company’s capabilities in military shipbuilding and national security missions. Media will have the opportunity to ask questions following the presentation. HII, the largest military shipbuilder in America, employs over 41,000 people and has a significant history in naval shipbuilding.
On July 23, 2021, Huntington Ingalls Industries (HII) celebrated the keel authentication of the Calhoun (WMSL 759), a Legend-class national security cutter, marking a significant milestone in shipbuilding. The event, postponed due to COVID-19, recognizes the expertise of Ingalls Shipbuilding. Calhoun is currently halfway through construction and is part of a program that has delivered nine cutters to date. The ship, named after the first master chief petty officer of the Coast Guard, boasts advanced specifications to address various national security missions.
Huntington Ingalls Industries (HII) will announce its second quarter 2021 financial results on August 5, 2021, followed by a conference call at 9 a.m. Eastern Time. The call will be accessible via HII's website. Key executives, including CEO Mike Petters, will present insights supplemented by additional slides on the site. HII, the largest military shipbuilding company in the U.S., employs over 41,000 individuals and supports national security missions through its Technical Solutions division. For further details, visit HII's official website and social media channels.
Huntington Ingalls Industries (HII) is set to discuss its agreement with Veritas Capital to acquire Alion Science and Technology during a conference call with analysts at 9 a.m. EDT today. This acquisition aims to enhance HII's capabilities in delivering professional services for national security missions. The call will be accessible via live audio broadcast, and a replay will be available through July 13. HII, based in Newport News, Virginia, is the largest military shipbuilding company in the U.S., providing a wide range of services to government and industry partners.
Huntington Ingalls Industries (HII) will acquire Alion Science and Technology for $1.65 billion. This acquisition enhances HII's capabilities in mission-critical defense solutions such as AI, big data, and electronic warfare. Expected to close in H2 2021, the deal anticipates a 7-9% CAGR growth through 2024 for HII's Technical Solutions division. Alion will add approximately $1.6 billion in revenue and $135 million in adjusted EBITDA in fiscal 2022. The transaction is regarded as significantly cash flow and GAAP EPS accretive, strengthening HII's market position and operational reach.
Huntington Ingalls Industries (HII) announced that the Royal New Zealand Navy has ordered four REMUS 300 unmanned underwater vehicles for mine countermeasure and survey operations, marking the first international order for this model. The REMUS 300, known for its modularity and advanced technology, will enhance New Zealand's operational capabilities. Delivery is expected by summer 2022. The order follows New Zealand's existing fleet of six REMUS 100 UUVs, which have been in use for 14 years. This deal was facilitated through New Zealand Ocean Technology, HII's local partner.
Huntington Ingalls Industries (NYSE:HII) has announced the promotion of Jason Sutton to chief information officer for its Newport News Shipbuilding division, effective June 21. Sutton will oversee IT strategies and ensure alignment with cybersecurity goals, aiming to enhance operational efficiency. With over 20 years of IT leadership experience, Sutton previously contributed to digital shipbuilding efforts. He replaces Brian Fields, who transitions to vice president for the Enterprise (CVN 80) and Doris Miller (CVN 81) projects, strengthening HII's commitment to modernization and innovation.
Huntington Ingalls Industries (NYSE:HII) has appointed Ashutosh Gokhale as vice president and CFO of its Technical Solutions division, effective July 9, 2021. Gokhale replaces retiring CFO Billy Jahn and will oversee all financial and business management functions. He brings extensive experience from Maximus, where he grew federal revenues significantly and led major acquisitions. Gokhale holds a CPA and advanced degrees in mechanical engineering and business, underscoring his strong financial and operational background.
Huntington Ingalls Industries’ Ingalls Shipbuilding division has successfully launched the Navy’s first Flight III Arleigh Burke-class destroyer, Jack H. Lucas (DDG 125), enhancing target detection, engagement, and ballistic missile defense capabilities. Ingalls Shipbuilding President Kari Wilkinson praised the team's teamwork in achieving this milestone. The company has delivered 32 Arleigh Burke-class destroyers and continues work on several more. These multi-mission ships support diverse military operations, reinforcing the U.S. military strategy.
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?
