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Search Results for: HII

HII Completes Fulcrum Acquisition

Huntington Ingalls Industries (NYSE: HII) has finalized its acquisition of Centreville, Va.-based Fulcrum IT Services as part of efforts to broaden predictive threat analytics and situational awareness offerings. HII said Monday Fulcrum will run as part of its technical solutions division and will bring capabilities in cybersecurity, engineering, software development, …

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McAleese & Associates: Investors Expect HII to Hit 10% Shipbuilding Margins in 2019

A new report by consulting firm McAleese & Associates says investors expect Huntington Ingalls Industries (NYSE: HII) to return to 10 percent shipbuilding operating margins in 2019. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report the figure could be driven by five ship deliveries this …

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BAE, General Dynamics, HII to Extend Amphibious Ship Maintenance Work Under $407M Navy Contract Option

The U.S. Navy has exercised the third option period on indefinite-delivery/indefinite-quantity contracts with BAE Systems, General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) to maintain the military branch’s amphibious ships. Each contractor will have the chance to vie for complex, emergent and continuous maintenance orders under firm-fixed-price contract modifications, the Department of Defense …

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HII Shipbuilding Division Secures $15B Contract to Build Two Navy Aircraft Carriers

Huntington Ingalls Industries’ (NYSE: HII) Newport News Shipbuilding division will design and build two Gerald R. Ford-class aircraft carriers for the U.S Navy under a $15.2B contract modification. The company said Thursday it will construct the future Enterprise vessel, designated CVN 80, and the yet-to-be-named CVN 81 ship. Jennifer Boykin, president of Newport Shipbuilding, said …

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BAE, General Dynamics, HII to Extend Navy Surface Combatant Maintenance Services

BAE Systems, Huntington Ingalls Industries (NYSE: HII) and General Dynamics (NYSE: GD) NASSCO subsidiary have received $90.2M in total contract modifications to help the Chief of Naval Operations maintain surface combatant vessels stationed in San Diego. All three contractors will continue to bid for complex, emergent and continuous maintenance delivery orders …

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GD Electric Boat, HII, Oceaneering Win Navy Submarine Safety Support Contracts

A General Dynamics (NYSE: GD) subsidiary, Huntington Ingalls Industries (NYSE: HII) and Oceaneering International (NYSE: OII) have received five-year contracts to support safety and material work aboard the U.S. Navy’s submarines. The Defense Department said Wednesday the indefinite-delivery/indefinite-quantity contracts cover support for Virginia-class, Seawolf-class, Ohio-class and Los Angeles-class submarines. The contractors …

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HII Shipbuilding Business Gets $931M in Contracts for 10th, 11th National Security Cutters

A Huntington Ingalls Industries (NYSE: HII) division has secured two contracts worth $930.9M combined to build the 10th and 11th National Security Cutters for the U.S. Coast Guard. HII’s Ingalls Shipbuilding business will develop NSC 10 under the $468.75M fixed-price-incentive contract and NSC 11 under the $462.13M contract, the company said Friday. “This …

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HII Launches Latest Virginia-Class Navy Sub Ahead of Testing, Crew Certification

TYSONS CORNER, VA, December 19, 2018 — Huntington Ingalls Industries (NYSE: HII) has rolled out a Virginia-class nuclear-powered submarine that it built with General Dynamics‘ (NYSE: GD) Electric Boat business, two months after the vessel’s christening as USS Delaware, ExecutiveBiz reported Tuesday. HII said Monday its Newport News Shipbuilding division launched …

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HII Acquires Cybersecurity Firm G2; Baird’s John Song Comments

Huntington Ingalls Industries (NYSE: HII) has purchased Annapolis Junction, Md.-based cybersecurity services provider G2 for an undisclosed amount in a move to grow its professional services business and portfolio of information assurance and cyber offerings. HII said Monday it will integrate G2 into its technical solutions division led by Andy Green. …

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McAleese & Associates: HII Optimistic on FY 2018-2019 Shipbuilding Funds in Bipartisan Budget Act

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 …

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