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Brian Fields, Damon Saetre Take New Leadership Roles at HII’s Newport News Shipbuilding Division

Huntington Ingalls Industries (NYSE: HII) veterans Damon Saetre and Brian Fields have been promoted to new leadership roles at the company's Newport News Shipbuilding division as part of business transformation efforts. Saetre will serve as VP of integrated planning and production control, while Fields be chief transformation officer and VP for business transformation.

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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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