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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) has announced new appointments in its law department. Jeffrey Bauer has been promoted to corporate vice president of litigation and investigations. Paul C. Harris joins as corporate vice president and chief compliance and privacy officer, effective September 8, 2020. Bauer brings extensive experience in litigation from his tenure at the U.S. Department of Justice and various law firms. Harris has a strong background in compliance and privacy, previously serving in significant roles at Hampton University and the DOJ.
Huntington Ingalls Industries (NYSE: HII) has successfully launched the Delbert D. Black destroyer from its Ingalls Shipbuilding division, which is now on its way to its homeport in Mayport, Florida. This marks a significant achievement, as it adds to the 32 destroyers previously delivered to the Navy. With four more destroyers currently under construction and a recent $936 million contract awarded for another Arleigh Burke-class destroyer, HII continues to strengthen its position as the largest military shipbuilding company in the U.S.
Huntington Ingalls Industries (NYSE:HII) has secured a five-year contract from the U.S. Navy to deliver logistics support for the Naval Expeditionary Logistics Support Group (NAVELSG). The contract, awarded through SeaPort NxG, will be based at Cheatham Annex in Yorktown, Virginia. HII aims to enhance the operational readiness of the Navy by providing asset management and integrated logistics support.
This partnership underscores HII's commitment to national security and its ongoing support of U.S. military operations.
Huntington Ingalls Industries' Newport News Shipbuilding division has completed its 18th home in collaboration with Habitat for Humanity. The traditional ranch-style home, built during the COVID-19 pandemic, was dedicated privately to Donnika Stewart and her children, who moved in last week. The home was constructed on land donated by the Newport News Redevelopment and Housing Authority. Since 2002, Newport News Shipbuilding has partnered with Habitat for Humanity to provide affordable housing for families in the community.
Huntington Ingalls Industries (NYSE: HII) announced that its Ingalls Shipbuilding division achieved electronic systems light-off for the amphibious transport dock Fort Lauderdale (LPD 28). This milestone indicates the operational status of the ship’s critical systems. The company has delivered 11 San Antonio-class ships and currently has three under construction, including LPD 28. In April, Ingalls secured a $1.5 billion contract for LPD 31.
Huntington Ingalls Industries (NYSE:HII) reported second quarter 2020 revenues of $2.0 billion, a 7.4% decrease year-over-year. Operating margin fell to 2.8% from 8.0% in Q2 2019, primarily due to unfavorable adjustments totaling $167 million related to COVID-19 impacts. Net earnings dropped to $53 million, or $1.30 per diluted share, down 58.6% from the previous year. Despite challenges, the backlog increased to $46.1 billion, with new contract awards of approximately $2.9 billion. The company anticipates shipbuilding revenues between $7.6 and $7.9 billion for 2020.
Huntington Ingalls Industries (NYSE: HII) has declared a quarterly cash dividend of $1.03 per share, set to be paid on September 11, 2020, to shareholders on record as of August 28, 2020. This decision underscores the company’s strong commitment to returning value to its shareholders. HII, recognized as America’s largest military shipbuilding entity, boasts a rich history of shipbuilding in Virginia and Mississippi, supporting national security through various divisions. With over 42,000 employees, HII remains a key player in the defense sector.
Huntington Ingalls Industries (NYSE:HII) announced the recognition of employee Jennifer Brady as an Emerging Leader by the Manufacturing Institute, highlighting her contributions as a mechanical engineer since 2016. Brady's work primarily supports propulsion plant projects on aircraft carriers, and she actively mentors children in low-income areas. The award ceremony is scheduled for September 24, 2020, and aims to honor rising female talent in manufacturing. HII continues to be the largest military shipbuilder in the U.S., employing over 42,000 people across various divisions.
