Huntington Ingalls Buys Engineering, Project Mgmt Provider UPI

acquisition
Huntington Ingalls Industries (NYSE: HII) has purchased engineering and project management services provider UniversalPegasus International Holdings for an undisclosed amount. Chris Kastner, corporate vice president and general manager for corporate development, will oversee the new subsidiary, Huntington Ingalls said Monday. The Houston, Tx.-based company provides design, survey, inspection and construction...

General Dynamics-Huntington Ingalls Team Awarded $18B to Build Subs; Jeffrey Geiger, Matt Mulherin Comment

Virginia class submarine
General Dynamics (NYSE: GD) Electric Boat subsidiary and Huntington Ingalls’ (NYSE: HII) Newport News Shipbuilding will continue to jointly construct submarines for the U.S. Navy under a $17.6 billion contract. The team will work to develop 10 additional Virginia-class Block IV submarines over five years beginning on May 1 and deliver the tenth submarine in 2023, General Dynamics said Monday. Matt...

Navy Awards $1.2B to General Dynamics Bath Iron Works, Huntington Ingalls for Arleigh Burke Destroyers

Arleigh Burke class destroyer
The U.S. Navy has awarded approximately $1.2 billion in contract modifications to General Dynamics‘ (NYSE: GD) Bath Iron Works subsidiary and Huntington Ingalls (NYSE: HII) for construction of Arleigh Burke destroyers. Bath Iron Works will build one DDG 51 ship for $642,583,946 and Huntington Ingalls will build the other for $601,990,190, the Defense Department said Friday. Funding for Bath...

Mike Shawcross: Huntington Ingalls Expects JFK Carrier Construction Contract This Year

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Huntington Ingalls Industries (NYSE: HII) has been awarded a $1.295 billion extension to continue preparing for construction of the John F. Kennedy aircraft carrier for the U.S. Navy. Mike Shawcross, vice president of CVN 79 construction for the company’s Newport News Shipbuilding division, said Tuesday that the company expects to be awarded a contract for construction later this year. “In...

Huntington Ingalls Subsidiary Wins $135M to Maintain Navy Aircraft Carriers; Harris Leonard Comments

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A Huntington Ingalls Industries (NYSE: HII) subsidiary has won a potential five-year, $135 million contract to help the U.S. Navy maintain aircraft carriers and train personnel. AMSEC LLC will work to repair and modernize shipboard elevators, cargo equipment and related systems within the Navy’s carriers, as well as to train operators, Huntington Ingalls said Thursday. Harris Leonard, HII vice president...

Huntington Ingalls Wins $155M for Nuclear Submarine R&D, Logistics

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Huntington Ingalls Industries (NYSE: HII) has won a $155,682,919 contract modification to perform research and development and integrated logistics support work on the U.S. Navy‘s nuclear submarines. The Navy is obligating $560,635 at the time of award from its fiscal year 2012 and 2013 other procurement and working capital funds, the Defense Department said Friday. Contract work will also include...

Huntington Ingalls Begins Constuction on Sixth Cutter for Coast Guard; Jim French Comments

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Huntington Ingalls Industries‘ (NYSE: HII) shipbuilding division has begun building another national security cutter for the U.S. Coast Guard. The Munro is the firm’s sixth NSC and joins two cutters, the Hamilton and the James, that Huntington Ingalls has already been constructing, the company said Tuesday. The firm has already delivered three ships to the Coast Guard which are currently...

Huntington Ingalls to Build Coast Guard’s 7th Natl Security Cutter; Jim French Comments

Boat
A Huntington Ingalls Industries (NYSE: HII) division has won a $76.8 million contract to acquire components for the U.S. Coast Guard’s seventh national security cutter intended for maritime security missions. Ingalls Shipbuilding will procure Kimball’s steel, main propulsion systems, generators, electrical switchboards and major castings, said Friday. Kimball is one of seven cutters aimed to...

General Dynamics, Huntington Ingalls Win $6.1B for Navy Destroyers

DDG51
U.S. Navy photo General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) have won .1 billion combined in contracts to build nine destroyers for U.S. Navy, Reuters reported Monday. Andrea Shalal-Esa writes the Navy awarded a $2.84 billion order to General Dynamics for five DDG 51 class ships and $3.33 billion to Huntington Ingalls. General Dynamics’ contract includes an option...

Rene Mathieu to Help Lead Huntington Ingalls Subsidiary’s Energy Infrastructure Business

ReneMathieu
Rene Mathieu Rene Mathieu, a 30-year veteran of the energy and infrastructure markets, has joined Huntington Ingalls Industries (NYSE: HII) as a vice president and general manager in its Avondale Industries subsidiary. His appointment took effect Monday and he reports to Chris Kastner, corporate vice president and general manager of corporate development, HII said Tuesday. Mathieu will oversee non-Navy...