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.
Huntington Ingalls Industries (NYSE:HII) will participate in Credit Suisse’s 8th annual Virtual Industrials Conference on December 3, 2020, at 12:30 p.m. Eastern time. The event will feature a discussion with Executive Vice President and CFO Chris Kastner, and will be available for streaming on HII's investor relations website.
As the largest military shipbuilding company in the U.S., HII has a rich history of building various ship classes and supports national security missions worldwide through its Technical Solutions division.
Huntington Ingalls Industries (NYSE:HII) announced a $2.2 billion contract modification from General Dynamics Electric Boat for the Columbia-class submarine program. This contract extends design support and mandates the construction of six module sections for the first two submarines. Module delivery is set to start in November 2022, concluding by January 2028. Newport News Shipbuilding has been a vital partner in this program, which aims to replace the retiring Ohio-class submarines, with the lead submarine expected to be delivered in 2027.
Huntington Ingalls Industries (NYSE: HII) was awarded the Gold 2020 HIRE Vets Medallion Award by the U.S. Department of Labor, recognizing its commitment to veteran employment. Secretary Eugene Scalia honored HII as one of 675 recipients for effectively recruiting and retaining veterans. The award criteria focus on veteran hiring, leadership programming, and specific resources for veterans. Currently, 15% of HII's workforce comprises veterans and active military personnel, highlighting the company’s dedication to those who serve the nation.
Huntington Ingalls Industries (NYSE:HII) has successfully delivered the National Security Cutter Stone (WMSL 758) to the U.S. Coast Guard. This marks HII's ninth NSC delivery, a significant achievement for its Ingalls Shipbuilding division. Stone is set to embark from the shipyard to its Charleston, South Carolina homeport by year-end. The Legend-class NSC is the most technologically advanced vessel in the Coast Guard fleet, measuring 418 feet with multi-mission capabilities for security, law enforcement, and environmental protection.
Huntington Ingalls Industries (HII) reported a 4.3% increase in third-quarter 2020 revenues, totaling $2.3 billion, with diluted earnings per share rising to $5.45 from $3.74 in Q3 2019. Operating income was $222 million, maintaining a steady operating margin of 9.6%. The company’s cash flow showed a decline, with free cash flow falling to $160 million from $250 million year-over-year. HII's backlog reached $45.3 billion, bolstered by new contract awards of approximately $1.6 billion. The CEO emphasized ongoing COVID-19 management and successful shipbuilding milestones.
Huntington Ingalls Industries (HII) has announced a quarterly cash dividend of $1.14 per share, marking an increase of $0.11 from the previous dividend of $1.03. This dividend is set to be paid on December 11, 2020, to shareholders on record as of November 27, 2020. HII is the largest military shipbuilding company in the U.S., employing over 42,000 individuals across various divisions.
Huntington Ingalls Industries (HII) has secured an undefinitized contract from the U.S. Navy, transitioning the delivery of the aircraft carrier John F. Kennedy (CVN 79) from a two-phase to a single-phase approach. The contract could be worth up to $315 million, providing initial funding for procurement and planning. This change aims to deliver the ship with its complete warfare system, including F-35 capabilities, before its 2024 commissioning. Kennedy is currently 76% complete, with enhancements that promise improved operational efficiency and reduced costs.
Huntington Ingalls Industries (HII) announced that five employees were recognized at the 2020 Society of Asian Scientists and Engineers National Conference. Awards included Career Achievement for Yu-Ping Yang and Veera Bandaru, and the ERG Leadership award for Vinod Mathur. Vivian Hsieh and Michael Thompson received Promising Professional awards. This event highlights HII’s commitment to diversity and recognizes achievements in engineering among Asian and Pacific Islander professionals. HII remains a leader in military shipbuilding with over 42,000 employees globally.
Huntington Ingalls Industries (NYSE: HII) has opened a new 21,000-square-foot Human Resources building in Pascagoula, Mississippi. This facility is designed to accommodate nearly 75 employees involved in various HR functions such as onboarding, compensation, and labor relations. Construction began in November 2019, reflecting the company's commitment to enhancing recruitment and onboarding processes. The new building features a visitor management tracking system aimed at improving efficiency and customer service, supporting HII's role as America's largest military shipbuilder.
