Huntington Ingalls Inds Inc - HII STOCK NEWS

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.

Huntington Ingalls Industries (NYSE:HII) plans to hire around 3,000 shipbuilders as part of its growth strategy, with recruitment efforts focusing on Mississippi, Alabama, and Louisiana. A hiring event is scheduled for June 10 at their Pascagoula location. Ingalls Shipbuilding President Kari Wilkinson emphasized the importance of workforce stability and competitive benefits, including health insurance and paid holidays. The shipyard has also improved facilities and offers no-cost training for unskilled applicants. Ingalls is seeking skilled tradespeople, underlining its commitment to workforce development in the region.

Huntington Ingalls Industries (NYSE:HII) announced a contract valued at up to $724 million for planning yard services supporting in-service amphibious ships. This contract spans seven years and includes engineering, logistics, material procurement, and technical support for specific ship classes like LPD 17 and LHD 1.

Ingalls Shipbuilding President Kari Wilkinson emphasized their expertise in this area as essential for Navy fleet commitments. The company remains a leading military shipbuilder with over 41,000 employees.

Huntington Ingalls Industries (HII) has announced the promotion of Brian Blanchette to vice president of quality and engineering at its Ingalls Shipbuilding division, effective May 27, 2021. He will oversee the division's quality program and engineering efforts, relieving Dave Belanger upon his retirement in July. Blanchette has a 25-year tenure at HII, previously serving as director of technical and design engineering, where he managed significant ship design projects, including the Arleigh Burke-class destroyers and the Bougainville amphibious assault ship.

Huntington Ingalls Industries (NYSE:HII) will participate in Bernstein’s Strategic Decisions Conference on June 2. The discussion will feature HII President and CEO Mike Petters alongside Tom Stiehle, executive vice president and chief financial officer, starting at 3:30 p.m. Eastern time. The event will be available via webcast on HII's investor relations site.

As America’s largest military shipbuilding company, HII has been a leader in shipbuilding for over a century, employing more than 41,000 people across domestic and international operations.

Huntington Ingalls Industries (NYSE: HII) has received a U.S. Navy order for two REMUS 300 unmanned underwater vehicles (UUVs), enhancing its portfolio in defense operations. The REMUS 300, portable and small-class, features swappable energy modules providing endurance of up to 30 hours, and its modular design allows for mission-specific customization. Delivery is scheduled for mid-2022. This order reaffirms HII's commitment to supporting national security missions globally, bolstering its position as America's largest military shipbuilder.

Huntington Ingalls Industries (NYSE: HII) announced the successful demonstration of the Proteus unmanned surface vessel (USV) equipped with the Sea Machines SM300 autonomy system on May 14, 2021. The 27-foot Proteus USV showcased advanced autonomy capabilities off the coast of Panama City, Florida. The vessel was fitted with various sensors, demonstrating its ability to navigate safely and avoid obstacles. This achievement underscores HII’s commitment to enhancing unmanned systems technology for government and commercial applications.

Huntington Ingalls Industries' Ingalls Shipbuilding division has commenced the fabrication of the Legend-class national security cutter Friedman (NSC 11), marking the cutting of the first 100 tons of steel. This milestone reflects over a decade of workforce dedication to enhancing production efficiency. The Friedman honors code breaker Elizebeth Smith Friedman and is designed for various national security missions, featuring a length of 418 feet, a top speed of 28 knots, and capabilities to operate for 60 days with a crew of 120.