Consulting firm McAleese & Associates has issued a report saying Huntington Ingalls Industries (NYSE: HII) is “ecstatic” about the Bipartisan Budget Act’s shipbuilding funds for fiscal years 2018 and 2019. “[W]e are in a great spot because ships have been authorized and appropriated in the 2018-2019 window, which takes a lot …

A report by consulting firm McAleese & Associates says Huntington Ingalls Industries (NYSE: HII) saw its revenue rise 12 percent to $2.1B in the third quarter of 2018 with a year-to-date sales increase of 10 percent. HII posted $290M in Q3 total corporate profit, reflecting a 20 percent increase from the same period last year …

TYSONS CORNER, VA, November 2, 2018 — Huntington Ingalls Industries (NYSE: HII) has tapped Triumph Group to support efforts to update the U.S. Navy‘s USS George Washington aircraft carrier as part of the former’s previously awarded $2.8B contract with the service branch, ExecutiveBiz reported Thursday. Triumph said Wednesday its integrated …

TYSONS CORNER, VA, October 30, 2018 — Huntington Ingalls Industries (NYSE: HII) will work to update a U.S. Navy Arleigh Burke-class destroyer under a potential $51.5M contract that runs through January 2020, ExecutiveBiz reported Monday. The Defense Department said Friday HII San Diego Shipyard will perform maintenance and repairs on USS O’Kane as part of the …

TYSONS CORNER, VA, October 22, 2018 — General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) each hosted the christening of two Virginia-class attack submarines slated for delivery to the U.S. Navy in 2019, ExecutiveBiz reported Friday. The Defense Department said Thursday the ceremony for the future USS Delaware was held at …

The U.S. Coast Guard on Friday awarded Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division a $97M firm-fixed-price contract to procure materials for the 11th National Security Cutter. HII said Monday it will purchase long-lead items such as main propulsion systems, steel, generators, electrical switchboards and major castings for the Legend-class vessel …

TYSONS CORNER, VA, September 28, 2018 — A Huntington Ingalls Industries (NYSE: HII) division will help maintain U.S. Navy expeditionary equipment in support of the military branch’s coastal riverine forces under a potential $34M contract, ExecutiveBiz reported Tuesday. The company said Monday its technical solutions unit’s fleet support group will provide engineering, technical, repair and …

TYSONS CORNER, VA, September 25, 2018 — A division of Huntington Ingalls Industries (NYSE: HII) has equipped a U.S. Navy Nimitz-class nuclear-powered aircraft carrier with a new integrated radar structure as part of a refueling and complex overhaul program worth $2.8B, ExecutiveBiz reported Monday. The company said Friday its Newport News …

TYSONS CORNER, VA, September 18, 2018 — A Huntington Ingalls Industries (NYSE: HII) division has officially started the construction of a future Legend-class national security cutter during a keel-laying ceremony held with the U.S. Coast Guard, ExecutiveBiz reported Monday. The company said Friday Mississippi-based Ingalls Shipbuilding will now begin work on USCGC Stone, which is …

TYSONS CORNER, VA, September 5, 2018 — Huntington Ingalls Industries‘ (NYSE: HII) Newport News Shipbuilding division has elevated Xavier Beale from the role of human resources operations director to vice president of trades and successor to the recently retired Ray Bagley, ExecutiveBiz reported Tuesday. The company said Friday Beale will report to …