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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.
Huntington Ingalls Industries (NYSE: HII) announced a cost-plus-fixed-fee contract for life-cycle engineering support on the U.S. Navy's San Antonio (LPD 17) class, valued at $36.9 million, with a cumulative potential of $213.9 million. This contract will provide vital support services including systems engineering, supply chain management, and training for LPD 17-class systems. Ingalls Shipbuilding President Brian Cuccias emphasized the importance of this contract for sustaining the Navy's amphibious fleet, highlighting the skilled workforce's capability to manage evolving threats.
Huntington Ingalls Industries (NYSE:HII) announced key promotions within its Technical Solutions division, effective March 1. Grant Hagen becomes vice president of business operations, Jaime Orlando joins as vice president of communications, and Chris Walton assumes the role of vice president of information technology. The leadership changes aim to enhance operational success, brand visibility, and business growth. Each appointee has significantly improved their departments, aligning with the company's strategic objectives in defense and federal solutions.
Huntington Ingalls Industries (NYSE:HII) has been awarded a significant $2.9 billion contract for the refueling and complex overhaul (RCOH) of the nuclear-powered aircraft carrier USS John C. Stennis (CVN 74). This project constitutes 35% of the ship's total maintenance during its 50-year service life. The RCOH will involve extensive modernization across over 2,300 compartments, including refueling of reactors and upgrades to various systems. More than 4,000 employees will be involved in the project, slated to be completed by late 2025.
Huntington Ingalls Industries (NYSE:HII) announced that nine employees from its divisions received accolades for their contributions in STEM at the 35th Annual Black Engineer of the Year Award STEM Global Competitiveness Conference. Six employees earned the Modern Day Technology Leader award, while three received the Science Spectrum Trailblazer award. This recognition highlights HII's commitment to fostering talent in engineering and technology, crucial for its extensive shipbuilding and technical solutions operations.
Huntington Ingalls Industries (HII) reported a strong fourth quarter for 2020, with revenues of $2.8 billion, marking a 14.3% increase year-over-year. Operating margin rose to 11.1% from 7.7% in Q4 2019. Diluted earnings per share increased by 70.4% to $6.15. Total backlog reached $46.0 billion. For FY21, HII expects shipbuilding revenues between $8.2 billion and $8.4 billion, with operating margins from 7.0% to 8.0%. The company reflects strong financial performance despite COVID-19 challenges, entering 2021 with positive momentum.
PMC Capital Partners has successfully acquired UniversalPegasus International from Huntington Ingalls Industries (HII). This award-winning firm specializes in engineering design and has maintained strong performance during the COVID-19 pandemic. UniversalPegasus ranks among the top engineering firms, with a robust backlog of business. PMC Capital aims to enhance UniversalPegasus's services and growth potential, capitalizing on its established reputation and expertise in the energy sector. Financial details of the acquisition remain undisclosed.
Huntington Ingalls Industries (NYSE:HII) secured a contract from the U.S. Navy worth up to $175 million for maintenance, training, and planning support for aircraft carriers. The indefinite-delivery/indefinite-quantity contract spans a five-year term. HII will provide engineering, maintenance, and operator training for shipboard systems. Work will be conducted in various locations including Virginia, California, Washington, and Japan, supporting the Navy's operational readiness.
Huntington Ingalls Industries (NYSE: HII) has appointed James "Jim" Loeblein as the corporate vice president of customer affairs, effective later in 2021. He succeeds Dan Holloway, who is retiring. Loeblein, formerly with Raytheon Technologies, brings extensive naval experience and strategic operations expertise. His responsibilities will include outreach to executive branch entities related to the Ingalls portfolio. Loeblein holds multiple advanced degrees, enhancing his qualifications for this role. HII is the largest military shipbuilding company in the U.S., employing over 42,000 people nationwide.
Huntington Ingalls Industries (NYSE:HII) has elected Stephanie L. O’Sullivan to its Board of Directors, effective January 15, 2021. O’Sullivan, a business consultant since 2017, previously served as the principal deputy director of the Office of National Intelligence and the CIA’s associate deputy director. Her expertise in national security and technology is expected to enhance value for stakeholders. Chairman Kirk Donald expressed confidence in her leadership, highlighting her extensive experience in government and private sectors.
Huntington Ingalls Industries’ Ingalls Shipbuilding division has awarded $99,890 in grants to 26 educational organizations across Mississippi and Alabama to support STEM initiatives. This funding aims to enhance interest in science, technology, engineering, and mathematics among students. Over the past 13 years, Ingalls has contributed more than $1.2 million to local STEM projects. Grant recipients include Bay Middle School and Ocean Springs Middle School, with projects ranging from drone usage to coding challenges.
