Search Results for: Ingalls Shipbuilding

Huntington Ingalls 3Q Earnings, Revenue Beat Wall Street Estimates; Profit Up 15%

Huntington Ingalls (NYSE: HII) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported third quarter earnings of $2.29 per share to exceed Wall Street analysts’ forecasts by 16 cents and the prior year figure by 33 cents. Profit for the Newport News, Virginia-based shipbuilder rose 15.62 percent year-over-year …

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Christopher Kastner to Become Huntington Ingalls CFO in March 2016; Mike Petters Comments

Christopher Kastner, corporate vice president and general manager of corporate development at Huntington Ingalls Industries (NYSE: HII) will transition into new roles as chief financial officer and corporate VP for business development by March 1. Kastner will succeed the retiring Barbara Niland and oversee business and profit growth strategies as …

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Huntington Ingalls Promotes Nicolas Schuck to Controller, Chief Accounting Officer

Nicolas Schuck, formerly assistant controller at the Newport News Shipbuilding division of Huntington Ingalls Industries (NYSE: HII), has been promoted to the roles of controller and chief accounting officer at the aircraft carrier constructor. Huntington Ingalls said Thursday Schuck will be responsible for functions related to SEC reports, taxation, benefits accounting, government financial relations and compliance …

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Chris Miner: Huntington Ingalls Division to Maintain 2 Aircraft Carriers for Navy

Huntington Ingalls Industries‘ (NYSE:HII) Newport News Shipbuilding arm will help maintain the USS Nimitz and USS Carl Vinson supercarriers under a two-year, $75 million contract. The contract also covers nuclear trade labor, discrete tasks and training support work, HII said Thursday. Chris Miner, Newport News Shipbuilding vice president for in-service …

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Huntington Ingalls Breaks Ground on New Shipyard Facility

TYSONS CORNER, VA June 25, 2015 — Huntington Ingalls Industries (NYSE: HII) company Newport News Shipbuilding has broken ground on a new facility at the Virginia shipyard for the manufacture of submarines and aircraft carriers, ExecutiveBiz reported Wednesday. HII said Monday the planned Joint Manufacturing Assembly Facility will bring work …

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Huntington Ingalls Delivers National Security Cutter James

TYSONS CORNER, VA June 9, 2015 — ExecutiveBiz reported Monday on Ingalls Shipbuilding handing over the national security cutter James (WMSL 754) to the U.S. Coast Guard on Friday. Huntington Ingalls Industries said the 418-foot Legend-class cutter, the fifth to be constructed for the service by the HII business, is …

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Navy Awards Huntington Ingalls $4B in JFK Carrier Construction, Labor Contracts

The U.S. Navy has awarded Huntington Ingalls Industries (NYSE: HII) a $3.3 billion contract for detail design and construction work and a $941.2 million modification for additional labor for the future USS John F. Kennedy aircraft carrier. The Defense Department said Friday the contracts cover material and services to complete the ship including research studies, engineering, …

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Huntington Ingalls ‘Shipyard of the Future’ Project Gets Mississippi Investment

TYSONS CORNER, VA June 1, 2015 — Huntington Ingalls Industries (NYSE: HII) has received $20 million from the Mississippi state government in support of its Shipyard of the Future initiative. The financial investment will go toward the development of a new dry dock and covered facilities for the company’s 11, 000 shipbuilders …

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Navy Awards Huntington Ingalls $604M for Arleigh Burke Destroyer; George Nungesser Comments

Huntington Ingalls Industries (NYSE: HII) has been awarded a $604.3 million contract modification to produce an additional Aegis-guided missile destroyer for the U.S. Navy. The Arleigh Burke-class missile destroyer DDG 121 is the third of five DDG 51 destroyers the company has been tasked to build under a contract awarded in June 2013, …

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Huntington Ingalls Reports 2% Revenue Jump for FY 2014; Mike Petters Comments

Huntington Ingalls Industries (NYSE: HII) has announced financial results for the fourth quarter and full 2015 fiscal year ended Dec. 31, 2014. The shipbuilding giant said its revenue grew 2 percent to $6.96 billion from 2013 figures, profit rose to $338 million over the prior year and the operating margin …

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